Where exactly IS the Best Place to Retire?

If retirement is approaching for you and you’re planning on making a move to spend your “golden years” in an area of the world where you can stretch your budget, a new report by Natixis Global Asset Management says that you should be taking a good look at Europe.

The recently released survey pointed out eight European countries that, among the 150 countries surveyed, were all placed in the top 10 including Norway, Sweden, Denmark, Switzerland, Germany, Luxembourg and Finland.

At the top of the poll was Switzerland due to its low taxes, excellent health care system and extremely high standard of living.…

Why you should Pay Off Your Mortgage Before you Retire

For decades one of the dreams that almost everyone had was to be able to be debt free by the time they retired and, for quite a few decades, this was the case and many people’s dreams did come true. Today that’s changed however and, according to the  Federal Reserve Board, nearly 25% of all households where the head of the household is 75 or older still had a home mortgage when they retired. When you compare these 2010 numbers with the 5.8% of retirees in the same situation in 1989, you see just how big the situation has grown.

In simple terms, retiring with any type of large debt can be a problem and retiring with a mortgage that still needs to be paid can be even worse.…

It’s never too late to start saving for retirement

While any financial expert will tell you that the best way to save for retirement is to start as early as possible, for many people that simply isn’t an option. Either they have never saved, have had major financial problems that used up all of their savings or have had other financial difficulties. Whatever the case may be, there are literally millions of people who just never were able to accumulate the kind of real money that they’re going to need to be able to retire. It is for those people that we put together our blog today. Hopefully it will give you some valuable tips and advice for retirement saving if you’ve started late.…

Why you should consider Annuities as a retirement investment tool

If you know anything about investing you have probably heard about the 4% withdrawal rule. This rule, which for years was thought to be failsafe, says that you need to have invested enough money into your retirement accounts so that you can withdraw 4% of your savings every year and still have enough money to last you for 30 years. Indeed, this rule seemed to be sound until right around 2008.

What happened in 2008, as most investors know, is that the stock market crashed and millions of people saw there investments lose between 35% and 40% of their value in one day (actually in munutes).…

How to save for retirement if you are self employed

As a small business owner or a person that works out of their home, you may think that you have fewer options for saving for retirement than a person who spends their entire career working for somebody else‘s business or company. While it’s true that you won’t have access to a pension plan if you work on your own, there are still many options open to you.

One statistic that is a little bit concerning is that nearly 30% of people that are self-employed have not saved anything for their retirement. That’s not good matter how you slice it. While it’s true that if you own your own business or work from home you can certainly keep working well past the regular retirement age, there will ultimately come a time in everyone’s life when they’re just not able to work anymore or earn enough money to pay for everything that they’re going to need.…