Whether it’s the rising cost of healthcare, uncertainty in the stock market or skyrocketing consumer and credit card debt, being able to comfortably retire in today’s financial landscape may seem more like a chess match than a relaxing game of checkers. If each of us knew the exact day in which we would take our last breath, retirement planning would be a breeze. Other than the extreme morbidity of knowing your ultimate expiration date, you’d have the ability to walk your

If there is one rule more important than any other when it comes to legacy planning, it is this:

Making a Realistic budget and withdrawal strategy while boosting your retirement cash flow.

Alternatively, sometimes one spouse earns a lot of money and the other doesn't work or earns very little. In this circumstance, the brea

Money mistakes are a common learning experience from which we can grow. However, when you’re in retirement, bad decisions can be catastrophic. A retiree’s ability to replenish savings is usually greatly diminished, since they are no longer generating income from a job. Luckily, you can learn from the experiences of others and avoid some of the more common mistakes. 1. Not Changing Lifestyle After Retirement Among the biggest mistakes retirees make is not adjusting their exp

Your expenses will likely decrease when you retire, so you may be able to live on less money than you currently do. Of course, your expenses will depend on life style choices that you make, including where you live and what types of leisure activities you participate in, but here are some expenses that can go down when you retire: Your mortgage Paying off your mortgage before retirement eliminates one of your biggest monthly bills. You will still have to pay for insurance

If you are over 50 and have delayed saving for retirement , you may still have time to fund your retirement by taking these actions now: Start saving. Max out your retirement contributions to IRAs and 401(k) accounts. If you are age 50 or older, you can contribute $6,500 per year to IRAs, and $60,000 per year to 401(k)s. Increase your income. Work more hours, negotiate a raise, or take a part-time job on the side. You could turn a hobby such as woodworking or quiltin