The Astonishing Reasons to Not Retire in The USA
America is an awful place to retire. At least, according to Natixis, worldwide asset management. We are ranked 18th in the current Global Retirement Index for “retirement security.”
America is an awful place to retire. At least, according to Natixis, worldwide asset management. We are ranked 18th in the current Global Retirement Index for “retirement security.”
Thirty years ago, it was a rite of passage for many people to pay off their mortgage and then retire. This is no longer the norm. According to research done by Fannie Mae’s Economic and Strategic Research Group, Baby Boomers, born between 1946 and 1965, have more debt than earlier generations did at the same age and are less likely to own their own homes by the time they are ready to retire.
Treasury Series I savings bonds, one of the most exciting current bond offers, are expected to become less appealing in November when a new rate on the popular instrument is determined.
A happy retirement requires more than money. Here are seven things happy retirees do besides save for retirement.
Here are seven habits that can boost retirement happiness.
Strong plans for retirement and estates always take into account bad times. We can’t deny that inflation is a big deal these days. It seems like inflation has reached every part of consumers’ lives, from the gas pump to the grocery store to the mall.
Surprisingly, 55% of Americans don’t have a will, but they’re crucial documents since they direct the distribution of your assets after your death. Without one, state laws determine who gets your assets, and your heirs may face delays and expenses trying to claim their inheritance. Here are some key facts about wills:
It is advantageous to name a trust as a beneficiary if your beneficiaries are minors, have disabilities, or cannot be trusted with large sums of money. To avoid future estate tax issues, some attorneys also recommend establishing a special trust as an IRA beneficiary to prevent its assets from becoming part of a surviving spouse’s estate.