Advice and Guidance

Guidance for those preparing for retirement

Is Your Insurance Money Safe?

For many future retirees, life insurance is an important component of retirement planning. Policies that build cash value, such as whole life and variable universal life policies, can be tapped for additional retirement funds if necessary. The recent debacles with the stock market and other securities have many wondering: is my money safe in an …

Is Your Insurance Money Safe? Read More »

Changing Jobs and Your 401(k)

If you’re moving to a new employer, you may be wondering how you can secure the retirement savings you’ve accumulated. While specifics differ among companies, the most commonly offered retirement plan is the 401(k). In case you’re not aware of how it works, the 401(k) allows you to invest directly from your gross income without …

Changing Jobs and Your 401(k) Read More »

Don’t delay starting a retirement savings program

The old saying “you snooze, you lose” is especially applicable to saving for retirement.

Einstein

No lesser a genius than Albert Einstein once declared “the power of compound interest” to be “the most powerful force in the universe.” That’s probably true; and the second most powerful force is arguably the power of regular saving. Together, they’re “thermonuclear” in power—but only if they have enough time to operate.

For example: based on reasonable historical assumptions, a 55-year-old will have to put away $610 per month in order to have $100,000 saved up by age 65. If he or she had started 10 years earlier, only $216 per month would need to be saved in order to achieve the same result. And if the savings program had begun at age 25, only $50 per month would suffice!

Gold as a Retirement Investment

Gold as a Retirement Investment?

When people think of retirement investments, gold rarely crosses their minds. After all, gold doesn’t provide any income, and the whole purpose of saving for retirement is to replace the income shortfall when you’re not working any more. To be sure, gold makes little sense for those who are already retired, and are seeking an …

Gold as a Retirement Investment? Read More »

Retire in Costa Rica

Retire in Costa Rica

For many, the dream of retirement in a warm paradise in the sun seems far out of reach. But Costa Rica offers countless Americans, Europeans, and Canadians (among others) the chance to retire in a beautiful, tropical climate; and unlike many other overseas destinations, this small, stable Central American country is both affordable and relatively …

Retire in Costa Rica Read More »

Scroll to Top