Passing along this excellent article by Charlie Bilello. In it, he makes the case as to why focusing on saving is a far more powerful way to secure your financial future than investing. Though both are important to achieving your personal finance goals, for one thing, your personal savings rate is much more under your own control...
Nine out of 10 retirees identify as happy
As much as I bemoan the fact that most Americans are ill-prepared for retirement, that doesn’t mean people haven’t found a way to make it work, whatever their means. Here’s proof positive: In a recent Transamerica study, 90% of retirees said that they're enjoying their lives despite the financial challenges retirement typically presents....
A Reminder for First-time RMD Retirees
Even though the IRS is extending the April 15 deadline for filing your tax return to April 18 this year because of the weekend and a Washington, D.C., holiday, you don't get a similar extension for taking your first required minimum distribution (RMD). If you turned 70½ in 2016, you actually have until April 1, 2017 to take your first RMD...