The New Retirement Archives - WebTalkRadio.net

One challenge in managing your money is to balance the right amount of risk in achieving your goals. Take little or no investment risk an you will have to save a lot more money to achieve your savings goal. Take too much, and you may lose principal. Generally, you can take more risk the longer […] The post The New Retirement – Risk on, Risk Off appeared first on WebTalkRadio.net.

Sometimes perfectionism can be a great motivator. But what happens when it starts to have a negative impact on important areas of your life, like your productivity, your relationships, your physical and psychological health or your career? Today we uncover the traits, symptoms and causes of perfectionism with Dr. Marla Enhelder. We examine the situations […] The post The New Retirement – Is perfectionism hurting your productivity? How can you tell? appeared first on WebTalkRadio.net.

The need to replace your paycheck is one key driver in retirement planning. Creating income sources like Social Security supplemented by personal savings to generate additional income determines your level of financial security. How much you save is important as is the return you get on your savings. If you need $20,000 a year in […] The post The New Retirement – Income Two Ways appeared first on WebTalkRadio.net.

It’s that time of year again. Time to figure out how much you have spent. Determine the areas where you over or under spent and make adjustments accordingly. It’s time to set your spending baseline for next year and contingency plans for reducing spending should taxes rise or unexpected expenses occur. Diane Tegarden author of […] The post The New Retirement – Budgets and Rock n Roll appeared first on WebTalkRadio.net.

You have many choices to make in retirement. Some are one time choices, like selecting your Social Security or pension benefits. Many others are ongoing. Once you begin Medicare you will need to make a choice each year during open enrollment. This choice can cost or save you thousands. Lloyd Schneider, an expert in Medicare […] The post The New Retirement – Choices appeared first on WebTalkRadio.net.

Risk takes on many faces. Sometimes we need to be reminded of the risks we undertake. For those who have chased yield, it’s time to reassess the risks of junk bonds, MLPs, REITS and other high yielding assets. The past few years have made these assets appear safer than they historically have been. It’s time […] The post The New Retirement – Risk; The Long and Short of It appeared first on WebTalkRadio.net.

Many have seen much of their wealth dissipate over the last several years. A slow economy and massive debt will likely limit returns on investment for many years to come. High unemployment and no salary growth limit what you can save to rebuild your wealth. With rates-of-returns and pay increases stagnant, to rebuild wealth astute […] The post The New Retirement – Education and Expense appeared first on WebTalkRadio.net.

Sometimes Americans can be so ‘America-centric’. In the past there was a good reason for this. The US was by far the biggest and fastest growing economy. We had a stable and supportive political system. The US was fiscally sound. Times have changed. We are one of many large economies, our politics are divisive, we […] The post The New Retirement – The View From Down Under appeared first on WebTalkRadio.net.

Your attitude affects many parts of your life. It affects how people perceive you, your general demeanor and believe it or not, how your investments perform. Your attitude likely has been formed by your experience and education. The financial world teaches you to buy and hold and let the professionals do their business. You may […] The post The New Retirement – It’s Your Attitude appeared first on WebTalkRadio.net.

Getting older is part of all of our retirement plans. We just don’t know how old we will get. This leaves many people assuming they will live to 90 or 95 for planning purposes. We fear outliving our money, thus we get some comfort if the numbers work to an old age But, this means […] The post The New Retirement – Uncertainty and Aging appeared first on WebTalkRadio.net.

We all face change. Sometimes gracefully, planned and well executed. Other times less so. One change we all face as we live longer to transition from working for a paycheck to not working at all, or working at something that driven by passion. What stops us transitioning smoothly – is it fear or lack of […] The post The New Retirement – Transitions appeared first on WebTalkRadio.net.

Too many people invest and forget. They are distracted from the performance of their investments by the daily tugs and pulls of everyday life. Past wisdom said to buy and hold for the long term and you needn’t worry about your money. However, if you consider the last twelve years as some sense of the […] The post The New Retirement – Distracted Investing appeared first on WebTalkRadio.net.

The baby boom generation trampling through their life cycle changed society and the economy. They drove the increase in the building of roads and schools. In starting their careers increased financial asset prices through increased income and pension contributions. They increased real estate prices through home purchases and the building of shopping malls. Now they […] The post The New Retirement – Demographics appeared first on WebTalkRadio.net.

You may be willing to pay a premium for stability and predictability in volatile times. But, how much and what are you willing to give up? Sometimes people over-correct. With the fear of loss overriding sensibility poor decisions can be made. Dave Boike, ChFC, CLU,RFC and author of High Tide: A Practical Guide for Affluent […] The post The New Retirement – Stability and Predictability appeared first on WebTalkRadio.net.

It’s hard to accomplish something if you can’t articulate what it is you’re trying to do. This is where goals come in handy. Once you state your goals, you set your direction. With your direction set, you can begin to determine what you need and how long it will take you. It’s only from this […] The post The New Retirement – To Get and Protect appeared first on WebTalkRadio.net.

We all face uncertainties in life. Sometimes the uncertain can cause problems, both financially and personally. This is generally viewed as risk. You can’t manage what you haven’t measured and you can’t measure what you haven’t defined. There are ways to define and approach risk to increase your ability to prepare for it and to […] The post The New Retirement – Risk appeared first on WebTalkRadio.net.

We’ve all been through transitions in our lives. Leaving home, going to college, starting a new job or family, these transitions can be both exhilarating and frightening. You can tap this experience as you move through your next transition being a career change or an encore career in retirement. Studies show people keeping busy by […] The post The New Retirement – Transitions appeared first on WebTalkRadio.net.

There is a lot to think about when planning your retirement besides money. Yet, the quality of your life and your anxiety level may be determined by the decisions you make about your money. Will you manage it yourself or hire someone to manage it for you? Do you have a strategic approach to manage […] The post The New Retirement – Money, Money, Money appeared first on WebTalkRadio.net.

Does 7% return on your investments sound good? Is it reasonable? In a low interest rate, low inflation environment amidst all of the economic uncertainty 7% may be a desirable target. John Graves, an investment adviser and author of The 7% Solution will explain how he does it and how you can too. If you […] The post The New Retirement – Of Money and Marriage appeared first on WebTalkRadio.net.

Cost and risk will continue to shift to new retirees. This will increase the demand for sound objective advice. Not all financial advisers are the same. John Balcerzak CFP will explain the difference of advisers who have fiduciary responsibility and those who don’t and the things you need to be aware of. He will also […] The post The New Retirement – Of Advice and Guarantees appeared first on WebTalkRadio.net.

Many people make financial plans for retirement but don’t plan on what to do with all of their free time. It’s likely you will spend 20 to 30 years in retirement and lacking something of substance to do has been shown to shorten lives. There are three ways people spend their free time in retirement. […] The post The New Retirement – Who are you going to be when you retire? appeared first on WebTalkRadio.net.

One key retirement goal is financial security. We get this when we have ample and reliable income and predictable expense. As long as you can manage both sides, income and expense, your retirement can become sustainable. Steve Knudson a financial adviser with thirty years of experience shares his insights on how to manage both sides […] The post The New Retirement – Predictable Engagement appeared first on WebTalkRadio.net.

Many people fear spending principal in retirement. One reason is the fear of out living their money. Another is there will be little or nothing left for their heirs. Yet, there are ways to spend principal to maintain your lifestyle in a prudent manner. Whether you leave money for your heirs is more of a […] The post The New Retirement – Up in the Heir appeared first on WebTalkRadio.net.

You may extra value in things you don’t think have value. For instance, you can potentially sell your existing life insurance policy to investors for cash today. They will pay you a percentage of the death benefit today. If the policy no longer makes serves its original purpose, don’t cancel it, sell it. Scott Page […] The post The New Retirement – Seeking Value in Hidden Assets appeared first on WebTalkRadio.net.

What are you going to do when you retire- how are you going to fill your time? Most people don’t know. Many don’t know how to get started. If you’re going to spend 20-30 years in retirement, you will need something to keep you busy. Steve Langerud, director of professional opportunities at DePauw University, spends […] The post The New Retirement – Busyness and Budgets appeared first on WebTalkRadio.net.

It’s hard to plan for something that is changing as a result of what you are doing. A different perspective can be of help. A number of major companies are assessing and anticipating new trends from the baby boomers and are positioning their companies to meet this new demand. Ron Cappello an expert on marketing […] The post The New Retirement – New Retirees Changing the New Retirement appeared first on WebTalkRadio.net.

Many people plan on living out their days in their current home. If this is your plan, be sure you do all you can to protect it and your other assets. Attorney Ann Margaret Carrozza explains the value of certain trusts in protecting your assets along with the minimum documents you need for an essential […] The post The New Retirement – Age Proofing Retirement appeared first on WebTalkRadio.net.

One critical decision you will make in retirement is whether to sell or stay in your house. This helps determine your expense level in retirement and the amount of money you need to save. If you sell and move to a less expensive place, you have the opportunity to lower your expenses and take equity […] The post The New Retirement – Aging In Place appeared first on WebTalkRadio.net.

There are a handful of items that characterize a secure retirement. A steady, predictable income, family and friends, good health, something interesting to do among others. This has been the same in the old retirement as it is in the new retirement. Yet, in the new retirement getting all of these things in place and […] The post The New Retirement – Tips for a Secure Retirement appeared first on WebTalkRadio.net.

All planning consists of guessing the future. Some things in retirement planning are unknown. You don’t know what actual inflation will be or the rate of return you will earn on your savings. You don’t know how long you will live or what will happen to your wealth. Though you don’t know the outcome of […] The post The New Retirement – Planning for Unknowns appeared first on WebTalkRadio.net.

Have you ever done something dumb with your money? Do you make decisions emotionally or rationally? Neither emotional nor rational decision making is right for every retirement decision. Karen Lee, CFP and author of It’s Just Money, So Why Does It Cause So Many Problems? shares her 24 years of experience in discussing the shortfalls […] The post The New Retirement – Money Decisions appeared first on WebTalkRadio.net.

The baby boomers have affected everything in their path and retirement will be no different. New trends, attitudes and lifestyles re-define retirement. How do you measure up to this generation? Are you on trend or off? Join Dr. Margaret King Director of the think tank Cultural Studies and Analysis as she provides her insights to […] The post The New Retirement – Cultural Trends in the New Retirement appeared first on WebTalkRadio.net.

A life of leisure after forty years of hard work seems a just reward. Is there ever too much leisure? Can you do nothing for the 20-30 years you will spend in retirement. If you are an active success oriented person, you will want to do something or contribute something of value in your retirement […] The post The New Retirement – What Are You Going To Be When You Retire appeared first on WebTalkRadio.net.

Your health care costs can be a wild variable in retirement. The kind of insurance you have matters. How you protect yourself from these uncertainties matter. Ross Blair, a Medicare expert, and CEO of planprescriber.com explains the key components of Medicare and whether or not you should add a Medicare supplement insurance plan to protect […] The post The New Retirement – Health Matters appeared first on WebTalkRadio.net.

Sometimes tradition carries wisdom Other times it represents worn-out thinking. You may have a traditional IRA investing in traditional investments like stocks bonds, cash, CDs mutual funds and such. In today’s global economy, there are doubts about the strength of the financial markets. Yet, you can set up a self-directed IRA to invest in less […] The post The New Retirement – When to Break from Tradition appeared first on WebTalkRadio.net.

Many people will move sometime in retirement but don’t have a systematic way to make decisions. Some muddle through. Some ask friends. If you are planning to sell you current home and move sometime in retirement you need to factor in the changes in cost and capital in your current retirement plans. Joins us as […] The post The New Retirement – Move Into Retirement appeared first on WebTalkRadio.net.

Many people have different opinions on whether Social Security will be there when they retire. The value of Social Security benefits for most people is between $200,000 and $400,000 for their lifetime benefits. If you assume Social Security won’t be there, then you need to save a lot more money. Bruce Ruark, the author of […] The post The New Retirement – Social Security and Savings Goals appeared first on WebTalkRadio.net.

Do you know how your assets are allocated? What percent of your money is in the stock market? If you don’t know you could be putting your wealth at risk. Steven Davis, a Registered Investment Adviser, explains the importance of asset allocation and how he approaches designing investment portfolios. Managing volatility will become the key […] The post The New Retirement – Allocate Your Assets Properly appeared first on WebTalkRadio.net.

All good plans begin with a picture in your mind of what you want to accomplish. So with retirement. If you can picture how your retirement will play out you can better plan it. You can determine the things you want to do and estimate their cost accordingly. With costs in place you can readily […] The post The New Retirement – Planning is a Matter of Perspective appeared first on WebTalkRadio.net.

How do you picture your retirement. Is it a period of old age and decline or is it a period of activity and personal growth? Your outlook on retirement directly affects its quality and cost. You can’t figure out how much money you need in retirement until you figure out what you are going to […] The post The New Retirement – Developing Your Retirement Mindset appeared first on WebTalkRadio.net.

The holistic retirement is not some new age touchy feely thing. It approaches retirement in its totality. Retirement is about more than money. Your retirement plan must have sub-plans to map out what your personally want to do with your time; your legacy; those you want to spend your retirement with, your health and well […] The post The New Retirement – The Holistic Retirement appeared first on WebTalkRadio.net.

New retirees will live longer than those past. As we get older our bodies and minds show signs of wear and tear. The prudent among us plan for extra outlays to pay for assistance when we can’t do everything ourselves. You can self fund the risk or buy insurance to put off the risk. But […] The post The New Retirement – Prepare for Long Term Care appeared first on WebTalkRadio.net.

This year brings new rules to 401k participants. Find out how you can benefit from the rule changes and save a lot of money. Scott Holsopple of smart401k.com will show us how. While you are managing your 401k fortune or other savings it’s important to ask the right questions before you make your investments. Investing […] The post The New Retirement – 401ks and Investment Strategies appeared first on WebTalkRadio.net.

The return you get on your investments helps you achieve your retirement savings goal and provides a safe stream of income when you retire. Retirement will last longer for new retirees. Your longevity requires a new way of thinking about how you handle your money. One difficulty in retirement planning is estimating what your return […] The post The New Retirement – Manage Your Money for the Long Haul appeared first on WebTalkRadio.net.

New retirees face a new retirement. The rules have changed. Your retirement will be different than your parents and grandparents. You will need to adopt a new mindset and learn a new skill set to successfully navigate the turbulent times ahead. Learn the beginnings of the new perspective. As with most things a job is […] The post The New Retirement – Perspective and Paperwork appeared first on WebTalkRadio.net.