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What is Boomer411? And How does it help me?
Results (14) Have questions? Ask our experts
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SurviveandThriveBoomerGuide
What events impacted you the most last year as a baby boomer? This article has my thoughts. Let me know yours.
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SurviveandThriveBoomerGuide
What long-term financial goals should baby boomers have or strongly consider?
Doughroller.net offers these five suggestions. |
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SurviveandThriveBoomerGuide
What events this last year have most affected your life? Read this article for my ideas on the top stories of 2009 for baby boomers.
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SurviveandThriveBoomerGuide
If you're a baby boomer who needs to work additional years because of the recession and it's dramatic financial implications, you may want to consider finding a job where you can make a contribution locally or nationally.
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Beyond50Radio
Written by Scott Biddle and Jean Johnson from the nonprofit called Public Agenda, they do a great job in deciphering the jargon of the country's budget problem. The book explores why elected leaders have failed to effectively deal with the issues like Social Security and Medicare. And, how this relates to each one of us to tackle this long-term problem.
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SurviveandThriveBoomerGuide
If you haven't set money aside for a rainy day, you're one job loss or illness away from financial ruin. Most consumers should save between three and six months' worth of living expenses in a liquid interest-bearing account. Those who are self-employed or work in a high turnover industry should have up to a year's worth tucked away.
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Guru
For any number of reasons -- lack of planning, financial duress, caregiving responsibilities, the loss of a spouse -- retirees can easily find themselves carving out a dent in the couch or wandering down dead-end paths. As with some jobs, people start asking: "Is this all there is?"
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Guru
But before quitting their jobs, baby boomers need to think long and hard about whether they're ready financially and psychologically to move into the next phase of their lives, experts say.
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FinancialAmbition
Does it make sense to borrow from retirement savings to pay off current debts?Chicago Tribune financial columnist Gail Marks-Jarvis points out that “under federal law, people are allowed to borrow from their 401(k), but the intent is to let you borrow only for the short term. You are expected to pay the money back, and you are given no more than five years to do it. If you lose your job, you have to pay it back quickly, usually within 90 days.“If you fail to pay the money back on time, you have to pay taxes on everything you owe. In addition, there will be a 10 percent penalty.
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FinancialAmbition
Narrator: Welcome to Vanguard's Plain Talk on Investing , a biweekly series that provides easy-to-follow steps aimed at helping you achieve financial success. At Vanguard, we believe people can achieve their goals when they have the tools to do the job, and that's what Plain Talk is all about.In today's podcast, we focus on the unique challenges women face when saving for retirement. We spoke with Stephani Smith, a principal in Vanguard Asset Management Services, to learn strategies women can use to overcome these challenges.Stephani begins by listing some of the obstacles women face when building a retirement po
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FinancialAmbition
"Baby boomers fundamentally will reinvent retirement, and this has profound implications for how we at Merrill Lynch need to advise this generation of clients � individuals as well as retirement plan sponsors," said James P. Gorman, president of the Global Private Client Group. "With boomers living longer and remaining engaged and employed beyond age 65, many of the traditional financial assumptions regarding retirement need to be reexamined. This survey provides a useful starting point."
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FinancialAmbition
The age of 65 used to be the common number at which people retired, but times have changed and even the Social Security Administration (SSA) has decided to increase the age at which full retirement benefits are available. With the shift from defined-benefit plans to defined-contribution plans, many savings programs not producing projected returns. This means that many individuals may not only need to postpone the date at which they start to receive social security and other retirement benefits, but they may also have to live a retirement that is quite different from the one they envisioned. Even for those who are financially secure, reaching age 65 does not always mean time to retire, as many 65-year-olds love their jobs and want to continue working. (To learn more see, Stretch Your Savings
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FinancialAmbition
It's hard to put a price on good financial advice. Accurate, objective, timely guidance can make you thousands of dollars and prevent costly mistakes.Among other sources, you could get that advice from some sort of financial advisor. We here at The Motley Fool make it our mission to highlight the poor job Wall Street as a whole does for its customers. I was once a full-service broker, and I can tell you that the big-name brokerages do little to teach their "advisors" how to give good advice. Most of the training is about how to make a sale.
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FinancialAmbition
Tags:
retirement planning,
finance
Knowing your planner's exact job title may help you tell whether he or she is a 'fiduciary' -- a professional who's 100% committed to putting your financial interests first.
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