Retirement


Soon after Sabina Gault got her public relations firm up and running in 2008, she asked for a show of hands from employees interested in having a company 401(k) plan. The consensus? “Nobody wanted it,” said Ms. Gault, whose firm, Konnect Public Relations, based in Los Angeles, had just a few employees at the time. Two years later, with eight people on her payroll, she raised the question a second time. Again, the response was...

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For many retirees, Social Security benefits are seen as hot money on the table, to be devoured as soon as possible. But as with preparing and savoring a fine meal, a careful approach and delayed gratification may yield the highest rewards from the program. Many financial planners advise that you wait as long as possible before receiving benefits. Despite this, a sizable number of Americans who have reached 62 — 41 percent of men and...

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For Daniel Ryan, turning 40 and 50 came and went. But sometime around his 61st birthday last July, he said he had an “old man crisis.” He did some simple math, and quickly concluded that living another 20 years would be considered a “full life.” Even if he remained healthy for another 15 years, he figured he might only be able to maintain his active lifestyle of skiing, hiking and mountain biking for another decade. “Looking at the...

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Are you ready to overhaul your spending patterns, start funneling more money into your bank account and buy better (and safer) products in 2014? If so, you’ve come to the right place. We’ve rounded up our favorite money stories to give you the bite-size nuggets you need to get your financial resolutions in place. Here are 25 ways to improve your finances in the new year: 1. Start feeling good about money. If you have a “money shame,”...

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1. Set no savings goals Goals? Whatever. You’ll save if there’s money left over. People don’t plan to fail, they fail to plan. You’ve heard that before, haven’t you? It’s true. I don’t think anyone sets out to be on a paycheck-to-paycheck plan by the time they reach their 60s. Yet it happens. If you want to achieve something, write it down. Then write down the action steps you need to take to make it happen and put together a time...

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Black Friday already? Where did the year go? The good news: No matter whether you’re retired or on retirement’s doorstep, there’s plenty you can do before the end of 2013 to avoid giving Uncle Sam more than his fair share of your hard-earned income. Here’s a laundry list of what experts suggest: Do a dry run Lest you do something that you might regret later on, consider taking stock of where you are and where you want to be with your...

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