Tag Archives: retirement

Older Americans generally are worried about medical costs in retirement. Nearly half of them won’t talk about it. A survey from the Nationwide Retirement Institute released Wednesday said 45 percent of individuals polled have not discussed these expenses with anyone. And that’s too bad, because health-care costs can add up …

There is no ironclad formula to rebalancing. It all depends on how comfortable you are with your portfolio deviating from its target allocation. Some investors rebalance portfolios quarterly, semi-annually or annually. Others prefer to rebalance only when a portfolio mix strays beyond a by a predetermined minimum percentage — such …

Even if you think you have that number nailed down, it can help to strategize with an advisor. If you don’t need the full distribution, for example, you might be able to re-invest the funds or make a charitable donation directly from your account. You’ll also want to make sure …

Take advantage of catch-up contributions. Workers who are at least 50 years old can defer an extra $6,000 into their 401(k) savings each year, reducing their taxable income, said Kevin Meehan, a certified financial planner and the regional president of Wealth Enhancement Group in Itasca, Illinois. You can also make …

Now that the Federal Reserve has raised interest rates, retirement investors are in a quandary. In the short term, rising rates are causing the values of outstanding bonds to fall—the typical core bond fund has given up 0.8% over this past week. Further losses may be in store, since the …

As you think about an ideal home for an older relative, or for yourself later in life, what seems most appealing? Nearly 90% of people 65 and older surveyed by AARP said they would like to “age in place.” And yet the hard truth is that a beloved house in …