Q: I have a substantial IRA that I’m leaving to my younger brother as beneficiary in the event of my death. I’m hoping that it can be a rollover IRA for him so he could stretch out liquidation and taxation over his lifetime. My husband is deceased, I have no children, and my other brother [...] [read full article…]
I often hear from readers who’ve lost their jobs in their 50s or early 60s to layoffs or involuntary “early retirement.” It’s a very stressful time all around, but finding health insurance is one of the biggest challenges. Coverage from former employers is on a countdown to expiration or already is gone. Medicare benefits are years [...] [read full article…]
When it comes to your retirement portfolio, you’re in the driver’s seat. At the risk of sounding like a back-seat driver, here’s a thought: Maybe you should put it your plan on cruise control. A majority of employers are adding what amounts to automatic portfolio management to the options you can choose in your workplace plan. [...] [read full article…]
So you’re getting ready to retire, but think you’ll want to keep working in some fashion after you leave. Maybe you’ll downshift to a part time position with your former employer, or do some consulting. Congratulations on making such a smart move. Continuing to work means more income to supplement your retirement lifestyle, and it bolsters [...] [read full article…]
Q: I have eight more years to work until my retirement age (66). I plan on working as long as possible. What I want to know is, will I be able to still work full-time while collecting Social Security, or will I only be able to work so many hours? Although I still have a [...] [read full article…]
Ask someone over 50 what they want to do after retirement, and you may well get this answer: “Keep working!” Surveys suggest that more than 75 percent of the baby boom generation plans to keep working past traditional retirement age. But it’s not likely that many will keep laboring away in Corporate America. Most boomers who [...] [read full article…]
The financial planning profession is growing explosively as millions of aging baby boomers confront the challenges of planning for retirement security. Readers of this column have been writing to ask if they need a planner-and how to go about hiring one. Retirement planning poses complex challenges-and investing wisely is just one part of the picture; you [...] [read full article…]
The economic downturn and mortgage crisis are turning a growing number of Americans into retirement account raiders. The number of Americans tapping into their 401(k) savings accounts to pay debts or to fund other immediate financial needs rose sharply last year. The situation worsened during the first quarter this year as the mortgage crisis heated up, [...] [read full article…]
The problem lay buried, unspoken, for many years in the minds of American women. It was a strange stirring, a sense of dissatisfaction, a yearning that women suffered in the middle of the 20th century in the United States. Each suburban wife struggled with it alone. As she made the beds, shopped for groceries, matched [...] [read full article…]
There was a time-not long ago-when we didn’t use computers or digital media players to manage our music collections or watch TV. Now we could be approaching something like an era of iPods for aging. At least, that’s Eric Dishman’s vision of the near-term future. Dishman spearheads a major initiative to develop “personal health technologies” at [...] [read full article…]
RetirementRevised.com is the companion website of Retire Smart, a column written by Mark Miller that appears in more than 30 newspapers each week. For millions of Baby Boomers, retirement is an opportunity for reinvention, rather than taking it easy. Mark is helping write the playbook for the new career and personal pursuits of a generation.
