Lifestyle Planning

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4 Questions You Must Answer Before Pulling The Trigger On Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I plan to retire in five years, but want to be sure I’ll be prepared. What practical guidance can you offer me?

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A Geezer Journalist’s Financial Advice For New College Grads

By Walter Updegrave, RealDealRetirement @RealDealRetire

It’s that time of year again, when politicians, activists, business honchos and other luminaries don cap and gown to dispense sage advice to newly minted college grads in the time-honored form of commencement speeches. Somehow I didn’t receive a request to speak. Maybe my less-than-cum laude record as a student at Penn more than 40 years ago scared schools off. But I’ve never been one to let the mere lack of an invitation stop me from weighing in. So here, from someone who’s spent the bulk of his career writing about personal finance, are five tips and observations designed to help recent grads get onto the right financial path. More»

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How To Enjoy A More Worry-Free Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

My wife and I are retired, have a comfortable income and a substantial nest egg. We have a nice home and no debt. Still, I worry constantly about our financial future. What can we do to better enjoy the retirement we’ve worked and saved for?

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4 Things You Need To Do If You Want To Retire Early

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

I’m 48 years old and would like to retire by the time I’m 55. What do I need to do make that happen? More»

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2 Smart-But-Easy Ways To Improve Your Financial Health

By Walter Updegrave, RealDealRetirement @RealDealRetire

You may be financially fit—but are you financially healthy? It’s an important distinction. Achieving true financial health isn’t just a matter of saving money and building wealth. There’s also an emotional component that involves feeling positively about your finances and your ability to determine your financial future. Which means that in order to attain true financial health, you need to ensure that both the economic and emotional dimensions of your finances are sound. New research from Morningstar points to two techniques that can help. More»

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Late In Your Career And Light On Savings? Here Are 4 Ways To Improve Your Retirement Prospects

By Walter Updegrave, RealDealRetirement @RealDealRetire

A recent study by the Insured Retirement Institute found that fewer than one in four baby boomers believe they’ll have enough money to support them through retirement. That’s not surprising when you consider the gap between how much people have saved and what they think they’ll need. For example, 80% of the workers polled for the Employee Benefit Research Institute’s 2017 Retirement Confidence Survey who attempted to calculate how large a nest egg they’ll need estimated they’d require $250,000 or more in savings to live comfortably. Yet Vanguard’s latest How America Saves report puts the median 401(k) balance for 55-to-64-year-olds at less than $72,000. So what can you do if you’re getting towards the end of your career and your nest egg is well shy of what it should be to maintain your standard of living? Here are four moves that can help: More»