Lifestyle Planning

HEADS TRANSFER KNOWLEDGE

Want A Better Retirement? Listen To What Retirees Wish They’d Done Differently

By Walter Updegrave, RealDealRetirement @RealDealRetire

In a recent post on Vanguard’s blog, senior financial adviser Julie Virta invited recent and soon-to-be retirees to share some of the lessons they’ve learned about planning for retirement, and asked specifically what they might do differently if they had a “do-over” in their retirement planning. The idea behind her request is that people still working can profit from the insights of those who’ve already navigated the planning process. Her readers responded big time, posting more than 37 pages of comments, many of which Virta shared in a later column. Here, based on my reading of those responses and a chat with Virta, are what I consider the three most important take-aways you can apply to your own planning to improve your post-career prospects. More»

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The “Are You Really Ready To Retire?” Checklist

By Walter Updegrave, RealDealRetirement @RealDealRetire

Ask Real Deal Retirement

If I leave my job now, I think I’ll have enough money to live comfortably the rest of my life. So is there any reason I shouldn’t stop working and retire?

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These 3 Tips From The Rich Can Improve Your Retirement

By Walter Updegrave, RealDealRetirement @RealDealRetire

“The rich are different from you and me,” novelist F. Scott Fitzgerald once supposedly confided to fellow writer Ernest Hemingway. To which Hemingway famously replied, “Yes. They’ve got more money.” Well, a new UBS Wealth Management Americas survey of more than 2,000 wealthy investors mostly age 50 or older with $1 million or more in investable suggests the affluent may also know a thing or two about preparing for retirement. To wit, here are three lessons I’ve culled from the survey that, wealthy or not, you can put to work in your own planning to boost your odds of achieving a more secure and fulfilling retirement. More»

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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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College Graduation

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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