Retirees often include bonds in their retirement portfolio because of their perceived safety and the consistent income they provide. However, while bonds play a valuable role in a retiree’s portfolio, it is important to fully understand how they work before buying them.
Holding bonds may reduce potential growth
If your goal is to leave an inheritance to your children when you pass away,… Read more
Does reaching retirement age mean you have to stop working?
In Israel, the official retirement age for a man is 67. For women, it fluctuates between 60 and 62, depending on date of birth. Retirees until the age of 70 (or 69 for a woman born before 1950), are eligible for a state pension,… Read more
What are the retirement risks you should watch out for when planning your future?
The following risks, which often get forgotten, can torpedo even the best-laid retirement plans:
Underestimating the true cost of retirement
Many people plan for rising healthcare expenses as they get older, but they don’t factor in the increasing costs of living longer…. Read more
Knowing the right time to let go of financial responsibility to a trusted individual is one of the biggest challenges that an investor may face.
Why should you want to let go?
As you get older, it becomes more difficult to keep on top of your finances. Most senior citizens,… Read more
Premium bonds may be a good investment choice for retirees looking to increase their income. (For solutions to other problems retirees face, download a free copy of The Retirement Planning Book at Profile-Financial.com)
Consider premium bonds
In today’s low interest rate environment, if you park your money in bank deposits or money markets,… Read more
American citizens living in Israel can claim Social Security benefits if they put enough “quarters” into the system. At what age should American-Israelis claim Social Security?
Waiting may be worthwhile
The youngest age to claim Social Security is 62. While retiring early and claiming benefits may seem tempting, the monthly payments received at age 62 are significantly lower than if you claimed at full retirement age (around 66)…. Read more
Much has been written as to whether women should retire at the same age as men or earlier. Currently, both American social security and Israeli bituach leumi begin at an earlier age for women than for men. But regardless of how old a woman is when she retires, often women have a more difficult time financing retirement than men do…. Read more
Though the difference between retirement planning and all-inclusive financial planning may seem slim, people often plan too much for one target.
If you focus excessively on your future retirement, you might forget that you have other bills and goals before then. Obviously, the less money you spend today will mean the more money you’ll have tomorrow…. Read more
The typical image of retirement used to be of Grandma sitting on her rocking chair knitting, supporting herself with the sizeable pension checks Grandpa received in the mail. However, this picture no longer represents today’s retirees.
While life expectancy has steadily grown longer, people often continue to retire at the same age that they did decades ago…. Read more
Retirement planning is not only financial.
Retirement planning is more than analyzing your expenses and investment accounts. It is a deeply personal journey of who you are, what you like to do, and what type of legacy you wish to create. Retirement planning has a financial component, but before you gather all your bank statements,… Read more
