Like most cops, retirement was the furthest thing from my mind when I was hired. All I could think about was graduating from the academy, successfully completing field training and getting started with my law enforcement adventure. I wish someone would have said, “Hey kid, you need to start planning for retirement,” so that’s what I’m going [...]
LEO Round Table host Chip DeBlock asks his guests to share some of the best practices law enforcement agencies should have in place to support officers during the transition into retirement.
I’ve had an eye-opening week dealing with people’s misconceptions about retirement planning. In three situations I heard a potentially useful retirement technique attacked or dismissed. First, a reporter wanted to talk to me because she had heard so many bad things about annuities. Next, when discussing a friend’s concerns with his elderly mother’s finances, I [...]
Floating out there somewhere in the vast Sargasso Sea of unexamined opinion is an idealized conception of retirement — that most Americans plan on retiring; that there will be enough money for retirement when the time comes and that it will be a fulfilling and happy time of life.No short article can hope to treat [...]
Paul addresses the huge decisions facing investors in the final push to meet their retirement goals, about 10 years before retirement. Cautioning against the tendency to jump from one strategy to another or be swayed by Wall Street, Paul presents 12 points for creating a solid long-term investment strategy before you retire. This evergreen recording is from [...]
Until we retire we are all preretirees. So this article applies to you unless you’re already retired. However, my fundamental focus here is the mistakes people make in the last 10 years before they retire. Here’s why this is a critical time: If you’re 10 years out, or even five, you have time to do [...]
Ready to ride off into the sunset with your pension or 401(k)? Make sure you keep it plentiful — and growing. Here are some key, under-the radar tips for ways about-to-be retirees can best maximize their money and expand their finances in a solid way.Put this advice into motion before you leave your job — [...]
VIRGINIA BEACH, Va. - City staffers sent a survey on Thursday to all sheriff's deputies, police officers and firefighters to get their feedback on potentially raising the mandatory retirement age.Right now, city code says those first responders have to retire at age 65. As Police Chief Jim Cervera approaches the age, city leaders are now [...]
There’s a dilemma facing a lot of new retirees: After saving for so long, how much are you supposed to withdraw to maintain a steady income without burning through the nest egg too quickly?While many withdrawal strategies exist, like the 4% rule, it can be tough figuring out which plan actually fits your living situation. [...]
In law enforcement, we often think about retirement earlier than in other fields. In fact, the average age of retirement for officers is 55 (according to the National Criminal Justice Reference Service), compared to the national average of almost 60 (according to a research website and Survey of Household Economics and Decision Making).Retiring at a younger age means that many officers have the [...]