Retirement was not always complicated. Between World War II and the 1980s, retirement was a benefit given for a lifetime of service…. However, with rising health care costs, a phasing-out of pensions, longer lives, and a less-than-certain future for Social Security, retirement planning has become more of a hit-or-miss proposition….
Like the weather, the financial future is often difficult to predict. That’s one reason it’s so valuable to diversify your portfolio. By holding a mix of assets, you’re better positioned to ride out a rough patch for any one investment. But diversification isn’t just for your investment portfolio. It’s also possible to diversify your tax exposure…..
Just as single-income families began to vanish in the last century, many of America’s elderly are now forgoing retirement for the same reason: They don’t have enough money. Rickety social safety nets, inadequate retirement savings plans and sky-high health-care costs are all conspiring to make the concept of leaving the workforce something to be more feared than desired….
Many of us may daydream about retiring early, and bidding our careers adieu in our 50s -- or even our 40s. But nearly everyone who transforms that vision into reality does so by making some significant sacrifices during their working years….