It seems like the floundering economy has taken its toll on everyone in some way or another. Maybe you ended up in the unemployment line, or maybe your pantry’s stocked with nothing but store-brand food. And while the financial environment may have led you to cringe whenever you look at your checking account statement, our generation is lucky in that we have plenty of time to recover before we’re ready to start thinking seriously about retirement.
But what about your parents? If they haven’t retired already, they’re probably getting close, and they have much less time to recover if the economy took their finances down with it. Knowing how to help your parents can be tricky, but they may be at a point where they really need you. Keep reading »
In the latest episode of “Therapy For Your Pocketbook,” Diane, a recent divorcee, comes clean and admits that although she signed up for a Roth IRA, she has no clue how to invest her dollars. Finance Expert Manisha Thakor explains that there are funds specifically created for new investors who aren’t stock market-savvy. There’s nothing to be ashamed of — this is your retirement, dang it. [Therapy For Your Pocketbook] Keep reading »
If you’re anything like me, when someone brings up retirement savings, investing, or your 401(k) match at a cocktail party, your eyes immediately glaze over and all you hear is the “wonk wonk” of the adults from a Charlie Brown special. Inside my head is the flashing red light and loud voice signaling “Danger. Danger. You are engaging in a discussion of a topic you know nothing about. Abort conversation to avoid massive embarrassment.”
But the truth is that investing and retirement accounts are something worth knowing about. Even a financial neophyte like me knows that if you start socking away for retirement early in your career you have a huge advantage. In this case, time really is money.
So, we interviewed financial blogger phenomenon and author of Your Money: The Missing Manual, J.D. Roth, for the Cliff’s Notes of Retirement 101. He gave us almost enough to get you through a cocktail and conversation with a financial planner without faking it. Keep reading »
Random rant: why do celebs make such a big deal about announcing “retirement” only to un-retire months later? Publicity stunt? A heated “eff-you” move that reverses itself once they cool down?
Supermodel Gemma Ward, 22 (ahem), marks the latest in comebacks—or something to that effect. Her agency recently announced Ward’s official retirement after everyone started to realize that she’d been missing from the mags and catwalks of late. The rumored reason for the young model’s departure? A desire to escape the industry’s pressure of body issues. (Noble cause.) It looks like this announcement wasn’t even a PR screw-up, but possibly just a vocabulary issue. Gemma herself posted on her Twitter page: “I’m content with my decision, but I have said nothing will be permanent.” OK, seriously? You make the “decision” to retire … you know that’s supposed to be permanent? Then this week she told an Australian newspaper that she hasn’t quit the business.
Does everything have to be so black and white with A-listers? Why not just say you’re taking some time off? What’s that? Oh, so you say there’s big money in a comeback … Aha! [Stylelist.com] Keep reading »
This just in: Supermodel Gemma Ward’s agent has officially announced that the Australian catwalk queen has retired from the fashion industry! if you’ve noticed, there hasn’t been much of Gemma lately; she’s been absent from magazine covers and, more notably, the past few runway seasons. The reason for her departure? She wasn’t as into modeling “following the death of Heath Ledger, to whom she was romantically tied.” So, yeah, now she’s headed for retirement, at the ripe old age of 22. (Twenty-two!) But word on the web is that her life away from the catwalk is really making a healthy difference. “She was photographed last week in New York wearing a print jacket, shorts and biker boots and looking more like a healthy young woman and less like an emaciated wraith.” (Jeez, harsh much?)
While, I could go on for paragraphs about how frickin’ jealous I am that she can even afford (both financially and career-wise) to give it all up, it’s more fun (and less woe-is-me-sad-sack) to play the what-will-she-do-next game! My very strategic guesses, after the jump. Keep reading »