Cynthia: You know what? When we wrote the blog called A New Chapter we promised to keep our readers up to date. I just realized that was two months ago! Edd: Well, let’s fix that right now. We told them at that time our lofty goal is to make retiring abroad part of the national …
The myth of needing $1,000,000 in retirement savings resides in the same camp as drinking 8 glasses of water a day–both numbers are widely assumed to be truisms although no one even knows where they originated. How much money one needs for an acceptable retirement is not a one-size-fits-all equation. The answer boils down to …
Cynthia: My heart goes out to readers who responded to a recent article we wrote about what it’s like to live on Social Security in the U.S. Edd: Me too. It was so sad seeing comments like, “My only source of income. Hard but better than nothing.” And, “It is hard but you make do …
Financial advisors go on and on about the “retirement crisis” facing millions of Baby Boomers. They quote the statistics from study after report after study that all reflect the poor saving habits of an entire generation. They then tell us that too many Baby Boomers are expecting Social Security to fund their entire retirement when …
Cynthia: Well, this certainly wasn’t a typical afternoon. Edd: That’s for sure. We’ve just finished lunch and the power goes off. We’re thinking, “Well, they’ve been digging up the street for over a week and the water was off for awhile a few days ago. Probably something to do with that.” C: But just to …
More and more Baby Boomers are approaching retirement and according to reports many of them are heading for a grim future. According to Northwestern Mutual’s 2018 Planning & Progress Study, their median retirement account balance is less than $20,000 and a frightening 21% have no savings at all. A recent Gallup poll shows that 36% …