Retirement Archive

Calculating Military Retirement

Before describing how the military retirement pay for a retiree is calculated, it is important to know that there have been numerous changes to the system over the past 30 years and there is understandably …

The Case for Collecting Social Security at 62

There are reasons to start receiving Social Security at age 62. The “entitlement program” is Social Security established years ago to see that the senior citizen not end up in the poor house upon retiring. …

Why ‘workamping’ is a great retirement option

As more and more businesses experience downsizing because of the present economy, even more people may be faced with a “retirement” they didn’t want – and were not prepared to experience. Often, retirees feel their …

How to Set up an Ira

Setting up an IRA today is easy. You must decide on what type of IRA. A Traditional IRA will allow you to deduct the amount of money you invest against the Adjusted Gross Income (AGI) …

Strategies to get Higher Social Security Benefits

Social Security benefits are the basis for retirement planning for most retirees. Careful planning can double or even triple the Social Security benefits you end up receiving. There are several strategies you can use to …

Roth Ira Contribution Limits

For 2008 the Roth IRA contribution limit is basically $5,000.00 ($6,000.00 if you are age 50 or older). You may contribute an additional $3,000.00, if you participated in a 401k plan where the employer who …

Retirement in Boquete Panama

For retirees who want  to have it all in a country that really wants to have them, Panama can be a smart choice. Panama offers unbeatable retiree discounts and benefits as well as attractive retirement …