TIPRA

New tax law means big changes in retirement planning: "The Jobs and Growth Tax Relief Reconciliation Act of 2003 established a maximum tax rate of 15% for long-term capital gains and qualifying dividend income. For taxpayers in the lowest two tax brackets, the maximum tax rate is 5% and will drop to 0% in 2008. These rates were scheduled to expire after 2008, but TIPRA extends the rates that apply in 2008 for two years, through 2010, according to Forefield, a Marlboro, Mass.-based financial-education firm..." - MarketWatch.com

Retirement Myths

Now that the Boomer Generation is starting to retire, several Retirement Myths are being exposed.

I think retirement plans must become more fluid now. Gone are the days of stopping working and reducing spending. That sounds like a boring way to spend your golden years.

Books like The New Retirement: The Ultimate Guide to the Rest of Your Life are coming up with some new ideas about retirement. People are starting businesses, traveling overseas and some are continuing working.