Lifestyle

Trend: Baby Boomers Turn “Gap Year” Idea into a Retirement Lifestyle

Lifestyle, Retirement, Travel

It’s increasingly popular for young students to take a gap year between high school and college, often to travel and volunteer. (Exhibit A: Malia Obama’s pre-Harvard year off.)

But Baby Boomers are giving the gap year a whole new spin.

In greater numbers, they are roving overseas in retirement, living a slow-travel life, spending months at a time in one place and then moving on to another.

In so doing, they’re able to avoid the visa hurdles that can go along with seeking long-term residence in a country. Plus, by strategically choosing low-cost destinations, they’re able to spend less than they would to stay home.

Read the entire article: Trend: Baby Boomers Turn “Gap Year” Idea into a Retirement Lifestyle –

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4 Signs You Might Never Retire

Financial Planning, Lifestyle, Retirement, Social Security

Countless Americans look forward to retirement and the flexible lifestyle it tends to offer. Unfortunately, a large number of workers might never get there. In a TD Ameritrade study, 25% of U.S. adults say they don’t think they’ll ever retire. And they’re probably not the only ones. That’s because 1 out of every 3 workers have no money set aside for the future, and that includes 30% of folks 55 and over.

But even those who are saving aren’t doing a good enough job. Baby boomers aged 56 to 61 have a median savings of $17,000, which won’t last very long in retirement. And the fact that many seniors are living longer puts retirement in an even more precarious spot.

Read the entire article: 4 Signs You Might Never Retire @themotleyfool #stocks

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How to Drive a Classic Rolls-Royce, or a DeLorean, Any Time You Want

Lifestyle

Many Americans dream of driving fabulous, unique, vintage cars. The vast majority of Americans never get to actually do it.

Sure, we see them around—I live in Brooklyn and I don’t own a car, but as I walk around my neighborhood, I spy things: a Carman Ghia in robin’s-egg blue, a boxy Land Rover from the 1980s. And I wonder what it would be like, if only for a day, to tool around in a classic.

Read the entire article: How to Drive a Classic Rolls-Royce, or a DeLorean, Any Time You Want

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This Is the Perfect Retirement Age—and It’s Not 65

Lifestyle, Retirement

Counting the clock until your retirement? You might want to put away your pension plan. According to a Japanese doctor, you should never clock out of the workforce—or do so well after the age of 65, at least.

In an interview with Japan Times, Dr. Shigeaki Hinohara, a physician and chairman emeritus of St. Luke’s International University, said not retiring was one of his secrets to living a long, healthy life.

Before you roll your eyes, consider this: When most people lived until age 68, the typical retirement age was around 65 years old. Now that people are living much longer, they should also hold off on retiring, Dr. Hinohara says. Staying busy well into your senior years gives you a sense of purpose and fulfillment, which could keep you healthy as you age. And doing so couldn’t be easier; just check out the perfect jobs for seniors.

Read the entire article: This Is the Perfect Retirement Age—and It’s Not 65 | Reader’s Digest

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6 Travel Apps That Will Help You Save Money on Your Next Vacation

Lifestyle, Travel

The last thing anyone wants to do is spend more money than necessary when planning a vacation. But luckily, there are plenty of great apps to help you cut your travel costs.For every stage of a trip, from scheduling flights to booking a hotel, apps can help travelers see a wide variety of listings, according to Edward Pizzarello, travel blogger and editor of Pizza in Motion. TravelSkills blogger Chris McGinnis adds that some travel apps “are also helpful in alerting you to schedule changes, seat assignments . . . so it’s worth having them on your phone.”

Read the entire article: 6 Travel Apps That Will Help You Save Money on Your Next Vacation

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How To Get The Most Out Of Retirement

Lifestyle, Retirement

The best thing about retirement, I have found, is that for the first time in my life I’m in charge of my time. From kindergarten through college, from that first to that last job, my time and tasks have been governed by others.

Now that I’m a couple of years into retirement, I decide what I’ll do and when I’ll do it.

 As liberating as this may sound, you still should be strategic in planning how you are going to spend the next couple of decades.

Read the entire article: How To Get The Most Out Of Retirement

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A healthy mind is important for well-being in later life finds new study

Health & Fitness, Lifestyle

New European research suggests that psychosocial factors such as anxiety and depression may have an even larger impact on well-being in later life than physical health. The participants’ levels of subjective well-being were measured by a questionnaire from the World Health Organization with the

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Reports of a US retirement crisis are off the mark: Think tank study

Lifestyle, Retirement

These days, hardly anybody believes the American retirement dream is doing all right. In fact, 88 percent of Americans agree that the nation faces a retirement crisis, according to a 2017 survey by the Washington, D.C.-based National Institute on Retirement Security pension research group.

However, a small but vocal group of scholars is advancing an opposing viewpoint. They say Americans’ chances for financial security in retirement are in better shape than is commonly supposed.

Read the entire article: Reports of a US retirement crisis are off the mark: Think tank study

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6 Trends That Are Changing Retirement in America

Lifestyle, Retirement

During the course of your working career, technology and globalization have changed the work environment in countless ways. Many societal changes have impacted your personal life as well. It should come as no surprise that many of these same factors have also changed the retirement landscape.

Some changes are positive, others are unwelcome and some are simply different. But viewed as a whole, your retirement will be significantly different from your parents’ and your grandparents’ retirement. Here are six trends that are reshaping retirement.

Read the entire article: 6 Trends That Are Changing Retirement in America | On Retirement | US News

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Voyagers Complete 3-year Trip Around the World in a Polynesian Canoe With No Modern Technology

Lifestyle, Travel

Thanks to all our modern conveniences — GPS, Google Maps, self-driving cars, automatic pilot — traveling around the world has become easier than ever before. But what if all that went away? Would humanity still be able to figure out how to get from point A to point B?For one group of explorers, the answer is yes: Using absolutely no modern-day technology, they navigated a Polynesian canoe all the way around the globe.

As the Associated Press reported, the ship, which started its trip in 2014, had about a dozen crewmembers onboard for each leg of the global journey. The crew used their knowledge of currents, birds, wind, and the stars to sail nearly 40,000 nautical miles, making stops in 19 countries.

Read the entire article: Voyagers Complete 3-year Trip Around the World in a Polynesian Canoe With No Modern Technology | Travel + Leisure

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Pauline Frommer: 13 Expert Budget Travel Tips | Money

Lifestyle, Travel

Before you lock in those summer travel plans, make sure you’re getting the most bang out of your travel buck. Here are are 13 favorite tips from Pauline Frommer of travel-guide company Frommer’s on where to scrimp and splurge when planning a vacation and how to get the best rates on airfare, car rentals and lodging.

1. For airline tickets, check Momondo first. Frommer’s compared prices quoted by airfare search engines, aggregators and booking websites on 25 popular routes, both for last-minute flights and those booked six weeks ahead. The results? Momondo is the best place to find the cheapest airfare. Skyscanner came in second. Frommer’s ran a similar test for hotel booking sites and found that Booking.com came out on top, especially for travelers looking for city-center spots under $200 a night.

2. Accept a little discomfort in the air. “I think it is a huge waste of money to buy business class or first class unless you’re 6’4″ and will be in incredible agony,” says Frommer, co-president and editorial director of Frommer’s. “People concentrate too much on the flight. It is a couple of hours and then you’re in this wonderful destination. So if it is between getting a business class seat and eating a meal in a spectacular restaurant or seeing a show, the hell with business class.

3. Always carry on. “You do not want to be a slave to your suitcase. I only own carry-on luggage and that forces me to pack less than I would have normally and you just wear things over and over,” says Frommer. Packing light delivers three big advantages: You avoid costly airline baggage fees, skip wasting time waiting at baggage claim, and can use public transit easily to get from the airport to your destination or from one city to another.

Read the entire article: Pauline Frommer: 13 Expert Budget Travel Tips | Money

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Americans Aren’t Loving Retirement Like They Used To — Here’s Why

Lifestyle, Retirement

Retirement is a time to shake off years of employment and enjoy life, right? That might be the goal, but many Americans aren’t feeling it. Dwindling satisfactionA 2016 Employee Benefit Research Institute (EBRI) study analyzed retirement satisfaction trends between 1998 and 2012. Respondents who said they were “very satisfied” with their retirements dropped by 11.9 percentage points, those “not at all” satisfied increased by 2.6 percentage points, and the middle-of-the-road “moderately satisfied” response saw a gain of 9.2 percentage points.

Read the entire article: Americans Aren’t Loving Retirement Like They Used To — Here’s Why

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