Tag Archives: Retirement

PENSION THREAT: Warning for pensioners over government plans to sell off retirement income

Amid fears consumers will lose out, Hargreaves Lansdown has said it won’t facilitate the sale of annuities by pensioners to investors. Prior to April last year, retirees were obliged to use their pension savings to buy the insurance products that pay a set income for the rest of their life. The requirement was scrapped after pensioners all too often ended ...

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6 Secrets to Saving More for Retirement

Filed under: Retirement, Retirement Plans Getty By Jane Bennett Clark As the spouse of a Foreign Service officer, Cathy Lincoln moved frequently and changed jobs with each new post while raising two children. She had neither the time nor the inclination to pay attention to her retirement accounts. “I had a set-it-and-forget-it attitude,” says Lincoln, 56, of Washington, D.C. After ...

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The Path to Early Retirement: Cars and Bikes

Filed under: Green, Personal Finance, Travel, Transportation, How to Save Money Shutterstock I’m not one to think too much about retirement. Some of my money-blogging friends have their sites on full retirement by 35. I’m not one of those people. I like my work. I like the people I’ve met through what I do. And I would be doing some ...

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5 Costs Not to Overlook in Your Retirement Budget

Filed under: Health Care, Family Money, Personal Finance, Travel, Retirement Living Duncan Selby/AlamyDon’t forget to budget for the travel and hobbies you will finally have time for in retirement. By Dave Bernard Most people accept that retirement won’t be cheap. But just how expensive will it be? Visions of the ideal retirement range from the extravagant pursuit of everything we ...

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Reinvent Yourself: Volunteer Overseas in Retirement

Filed under: Retirement, Charity, Personal Finance, Travel, Retirement Living BSIP/UIG via Getty ImagesVolunteering can help you meet new people and integrate with the local community. By Kathleen Peddicord One great way to begin to assimilate into your new community, when and wherever you decide to relaunch your life in retirement overseas, is to volunteer. No matter where you land, there ...

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How to Take the First Steps into Retirement

Filed under: Retirement, Personal Finance, Travel, Career Change, Retirement Living Roger Wright/Getty ImagesRetirement is the beginning of a new phase of life. By Dave Bernard Saving for retirement typically requires a lot of hard work and sacrifices. And leaving a job often means saying goodbye to co-workers who have become friends. But like every other transitional period, it is also ...

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The Global Retirement Crisis Is Coming for Young and Old Alike

Filed under: Retirement, Global Economy, Retirement Plans In the prosperous years after World War II, governments in rich countries expanded their pension systems. In addition, companies began to offer pensions that paid employees a guaranteed amount each month in retirement — so-called defined-benefit pensions. It got even better in the 1980s. Many countries began to coax older employees out of ...

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Best Ways for the Self-Employed to Save for Retirement

Filed under: Retirement, Entrepreneurs, 401K, IRA, Savings Accounts Getty Images By Kimberly Lankford I’m self-employed and want to set up a retirement-savings account. Which type of account should I open? What’s the deadline for 2013? Two of the best retirement-savings options for self-employed people are a solo 401(k) and a simplified employee pension, or SEP. Contributions to either type of ...

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