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Have You Budgeted for Retirement? Here’s Why You Need to Create a Strategy for Success.

October 15th, 2020

Provided to the NABBW by Pamela J. Sams, CRPC, BFA, MBA, NABBW’s Retirement Planning Associate Run the numbers. There is a rule of thumb for retirees suggesting that retirement income has a target of 70-80% of the household’s end salary, though this can certainly vary. So, years before leaving work, sit down (perhaps with the financial professional you know and trust) and take a look at your household’s monthly expenses.1 The closer your household gets to retirement, the more exact you will want to be about your income needs. You first want to look for changing expenses: housing costs... Read More

Facing Retirement Without Savings (Part 1)

October 12th, 2018

By Marie Langworthy, NABBW’s Transforming Retirement Associate Yikes! Water! Water! My hair’s on fire! Oh, it’s not my hair! It’s my bank account! I have completely smoked it! I inadvertently incinerated it during these last 30+ years of career building. If it’s any consolation, you have loads of company in your current miserable dilemma. Alana Semuels, in a February 22, 2018 The Atlantic article, “This What Life Without Retirement Savings Looks Like,” says that “… the median savings in a 401(k) plan for people between the ages of 55 and 64 is currently just $15,000,... Read More

Three Sites that are Fun, Free, and Do Good for Others!

September 26th, 2012

Three Sites that are Fun, Free, and Do Good for Others! By Jan Cullinane NABBW’s Expert on The New Retirement “You have not lived today until you have done something for someone who can never repay you.” John Bunyon “Giving back” is a worthy and laudable goal for many women. During these challenging economic times, wouldn\’t it be nice to be able to help others by doing something that is free, enjoyable, good for your brain, and can be done on your own terms and schedule? Here are three online games that accomplish that goal: Free Rice For each correct multiple... Read More

Why Women Need Life Insurance

September 15th, 2012

Why Women Need Life Insurance By Pamela J. Sams, CRPC NABBW’s Retirement Planning for Women Expert Today, women have more financial responsibilities than ever before. How will your family or loved ones manage financially if you die? Whether you are single, married, employed, or a stay-at-home mom, you probably need life insurance. At the very least, life insurance can help pay for the costs of funeral and burial services, estate administration, outstanding debts, estate taxes, and the uninsured expenses of a final illness. Who needs life insurance? Working women Increasingly, families... Read More

Finding More Time and Saving More Money with PERK

July 29th, 2012

Finding More Time and Saving More Money with PERK By Jan Cullinane NABBW’s Expert on The New Retirement We can all use more time and more money, right? Well, I stumbled across an acronym that can help us do both. The acronym is PERK, and credit goes to Robert Pagliarini, an author, a certified financial planner, a columnist, and the President of Pacifica Wealth Advisors. Here\’s how it works: Think about all your activities and all your expenses (current and upcoming). Write them down. For each activity and expense, apply “PERK”: Postpone: Want a new car, but still... Read More

Women and the Retirement Ripple Effect

July 29th, 2012

Women and the Retirement Ripple Effect By Pamela J. Sams, CRPC NABBW’s Retirement Planning for Women Expert Women today are an integral part of our economy and key financial decision-makers in their families. In the last 40 years, women\’s incomes have risen more than 60% according to the U.S. Bureau of Labor Statistics and women control 51% of the private wealth in America1. Despite this influence, there are certain factors distinct to women that create challenging retirement realities for them. As a group, lower wages on average and more time spent out of the workforce than men... Read More

Financial Challenges of Caring for an Aging Parent or Parents

July 29th, 2012

Financial Challenges of Caring for an Aging Parent or Parents By Pamela J. Sams, CRPC NABBW’s Retirement Planning for Women Expert It was your parents who made sure the tooth fairy never forgot you, and took care of all the bumps and bruises of childhood. They were taking the pictures when you graduated from high school, and later when you married. When you gave them grandchildren, you could see them glow with pride. Now, they are aging and unable to live alone. They need your help with some things and you are bringing them to live with you. The challenges are the same whether you assisting... Read More

“The Best Exotic Marigold Hotel”

June 18th, 2012

“The Best Exotic Marigold Hotel” By Jan Cullinane NABBW’s Expert on The New Retirement If you haven\’t seen “The Best Exotic Marigold Hotel,” I\’d recommend you get yourself to a theater and luxuriate in this gem of a film. It\’s the perfect movie for Boomer women (men, too – my husband really liked it). In addition to impressive acting by such notables as Maggie Smith, Tom Wilkinson, and Judi Dench, it explores the concepts of challenge, transformation, hope, and resilience through humor and drama. I visited exotic and memorable India a few... Read More

Drinking Wine – The Good, the Bad, and the Ugly

June 6th, 2012

Drinking Wine – The Good, the Bad, and the Ugly By Jan Cullinane NABBW’s Expert on The New Retirement Friend or foe? Pleasure or poison? There has been a lot of discussion about wine over the past decade. Let\’s take a look at how this “nectar of the gods” affects adults over 50. Studies are based upon “moderate” consumption of wine, defined as no more than one drink per day for women, and two drinks per day for men. A drink is defined as five ounces of wine. The Good (assuming wine isn\’t contraindicated because of medications, disease –... Read More

Retirement Rules of Thumb

June 4th, 2012

Retirement Rules of Thumb By Pamela J. Sams, CRPC NABBW’s Retirement Planning for Women Expert Because retirement rules of thumb are guidelines designed for the average situation, they\’ll tend to be “wrong” for a particular retiree as often as they\’re “right.” However, rules of thumb are usually based on a sound financial principle, and can provide a good starting point for assessing your retirement needs. Here are four common retirement rules of thumb. The percentage of stock in a portfolio should equal 100 minus your age Financial professionals often... Read More