Retirement Leakage

Sometimes you've got to tap into your savings.

Where Do You Want To Live When You Retire

Canada is where Americans are retiring these days. Maybe it's the cheap drugs.

Can Americans Retire? (Part II)

In part one of my interview with National Institute on Retirement Security Director Diane Oakley, I mentioned that the Obama administration is endorsing an automatic IRA. The plan would mandate employers who do not already offer savings plans to provide a government-approved private alternative, with automatic enrollment. This is in many ways similar to the Affordable Care Act, also proposed in part by the conservative Heritage Foundation, and is a compromise from a more government-involved and subsidized proposal from the Clinton era. It's now mostly opposed by conservatives and industry groups.

Thursday Night Dancing

My parents weren't at the airport to meet me when I flew across the country to spend time with them during the holidays, nor were they at their house when I arrived and tried to figure out where I'd be sleeping (on an air mattress in a storage room).

Monday Check-in

And how were your weekends?

Get Rich Slowly “If You Can”

Bernstein's manual is as readable as his facts are sobering. (None of us have pensions! We're screwed!) The most important thing you can do is to save 15% of your income starting at age 25, he says. It will get you in the habit of saving, which is good because, get ready, there's lots more saving to do.

Married LGBT Couples Must Consider Which States Recognize Their Marriage for Social Security

Nearly all of us have to sit down at some point and plan how we're going to fund our retirement. For married LGBT couples, the golden years might mean moving to a state where their marriage is legally recognized for Social Security purposes—and planning, in advance, for one of their deaths.

Considering Our Retirements

The Washington Post has a new-ish section focused on money, and most of it (as money sections tend to be) is currently focused on retirement. Their latest retirement column says that people who get advice on their 401(k) are generally better savers than people who don't.

A Windfall

Last October, The Billfold asked a bunch of people what they would do if they got a surprise $20,000 windfall. Most people said they would use the money to pay off their debt, then save and invest some of it, and then use a little bit of the money to travel. My thoughts then were pretty much in line with everyone else’s.

And then last week, I got a windfall. My parents were left some money by a relative, and they gave me $6,000 to use however I wanted.