Lifestyle

The First Issue In Retirement Planning

Financial Planning, Lifestyle, Retirement

uncaptionedTwo questions I hear a lot from people who aren’t retired are: “When can I retire?” and “How much money do I need to retire?” They’re really variations of the same question. It’s the wrong question to ask because most people approach the retirement date question from the wrong direction. My answer usually is a person can retire whenever he or she wants. The real issue is what the standard of living will be. Imagine two peo

Read the entire article: The First Issue In Retirement Planning

The First Issue In Retirement Planning Read Post »

Retirement is perfect time to revive old hobbies or find new ones | Senior Living | lancasteronline.com

Health & Fitness, Lifestyle, Retirement

Think you’re too old to try a new hobby? Think again. Studies show many retirees 60 and older refuse to let age get in the way of tackling a new pastime. Savvy seniors are pursuing hobbies enjoyed by all ages from trying a new sport to finding creativity in fine art.The key, says retirement lifestyle author Dave Hughes, is “to find a hobby which brings fulfillment.”Barb Noble found horseback riding at age 60 to be a fulfilling hobby.

Read the entire article: Retirement is perfect time to revive old hobbies or find new ones | Senior Living | lancasteronline.com

Retirement is perfect time to revive old hobbies or find new ones | Senior Living | lancasteronline.com Read Post »

Want to enjoy a longer, happier life? Just keep on working | Science | The Guardian

Financial Planning, Lifestyle, Retirement

Sarah Harper has a personal take on early retirement. “My father stopped work at 54,” says Professor Harper, founder of the Institute for Population Ageing at Oxford University. “His employers, IBM, offered him early retirement. He was really excited at the prospect.”But the voluntary work and further education that Robert Harper had lined up for his later years dwindled and eventually disappeared and he was forced to become increasingly self-reliant in trying to find ways to pass the time.

Read the entire article: Want to enjoy a longer, happier life? Just keep on working | Science | The Guardian

Want to enjoy a longer, happier life? Just keep on working | Science | The Guardian Read Post »

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 –

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

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

4 Signs You Might Never Retire Read Post »

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

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

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

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

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

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

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

How To Get The Most Out Of Retirement Read Post »

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

Read the entire article: A healthy mind is important for well-being in later life finds new study

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

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

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

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

6 Trends That Are Changing Retirement in America Read Post »

Scroll to Top