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If every Boomer were to need to go into a skilled nursing facility, the U.S. Government would be bankrupt.
This is not just a U.S. problem. I was at a meeting of international experts on food security. At one point all the delegates were shaking their heads, wondering how their governments ... Views: 1170
Over a 1000 people retire every day in Canada. As the wave of baby boomers is starting to retire, the number of people 65 and older will double 3 times between 2010 and 2030. With the average first retirement age now at 58 and longevity continuing to increase, individuals can expect to live 20, ... Views: 1186
Thinking about your retirement lifestyle can be a daunting experience at first. Imagining what your life will be like after retirement is filled with unknowns. Even people with great self-confidence or self-assurance can find that the thought of life after retirement creates uneasiness or even ... Views: 1232
To retire is to stop something you are doing, thus leaving space to start something new—sometimes simply a time of rejuvenation and rest.
For some of us, retirement from our professional or work life is a distinct life marker. Other times, it is a seamlessly flowing transition from one ... Views: 1037
To retire is to stop something you are doing, thus leaving space to start something new—sometimes simply a time of rejuvenation and rest.
For some of us, retirement from our professional or work life is a distinct life marker. Other times, it is a seamlessly flowing transition from one ... Views: 1577
Your retirement income investment plan starts now, right now, no matter how old or well heeled you happen to be.
Step One is to understand what a retirement plan is, and to identify the three large numbers you need to keep track of while you are developing your stash. With these three totals on ... Views: 1950
Retirement is supposed to be fun and relaxing. After working hard for the main portion of our lives, our retirement should be something to look forward to. However, for many people that is just not the case and retirement debt is constantly on the increase.
With higher house prices and higher ... Views: 1182
John took early retirement after 23 years in the same corporation, by then a highly respected oil executive. At 55, he had looked forward to this day for years. He had a plan. He took his wife and teenage children on a world trip for a year. The second year, he played golf every day he could. ... Views: 884
As a Baby Boomer, you are probably thinking about your retirement. Whether you plan to take early retirement (or you have already done so), or you are planning for retirement from your current career at age 65 or 70, you are probably actively planning for your financial future. You should also ... Views: 1196
With today's technology and the Internet, there are almost endless home business opportunities for retirees and other people over age 50 to take advantage of. If you own a computer, and have broadband access to the Internet, you can start a variety of businesses from home and enjoy the income ... Views: 1316
Right now, things might be looking really bad to you. Every day, the economic news gets worse. Unemployment has been creeping up. The service sector is shrinking for the first time in half a decade. Consumer confidence is declining. Jobs are still migrating overseas. They are laying off at your ... Views: 1212
The comically complicated PSA (Personal Savings Account) legislation bouncing around Congress will raise taxes, increase investment risk, and expand the size of government. Let's stop applying Band-Aids to spouting arteries. We are looking for a guaranteed retirement benefit program, and ... Views: 1393
Many people speak and write about living a harmonious life. Some of those people offer guidance that amounts to trying to help readers or hearers align their lives to the life of the writer/speaker. And many readers/hearers actually listen for a specific set of steps that will create harmony ... Views: 1189
The word “crisis” suggests considerable pain and suffering. We all wince at the memory of the crises in our lives: having to choose which college to go to or career to start after High School, getting married, having a child, changing jobs, moving, divorcing, etc. In fact, the word “crisis” ... Views: 1376
I always suggest to my retirement coaching clients and course attendees that, once their retirement begins, they don't leave it too long before implementing some form of exercise routine. And, if they already have the 'exercise habit', I suggest that they may need to consider increasing the ... Views: 1379
I recently read 'The Gift of a Year' by Mira Kirshenbaum. Its subtitle is: 'How to achieve the most meaningful, satisfying and pleasurable year of your life'. It was written to urge and inspire women to take their dreams off the back burner and make them a vital part of their lives by giving ... Views: 1257
Did you see the recent film, 'The Bucket List', starring Morgan Freeman and Jack Nicholson? It's about two men who meet in a hospital cancer ward after each has been given only six months to live. The 'bucket list' of the title refers to a list that one of the men has been advised to compile ... Views: 1471
How do you know when it's time to retire? Try some of the following on for size...
1. Work has begun to interfere with all the many other things you want to do - fitting them all into weekends and holidays is becoming more impossible or unpalatable.
2. Life just seems too short to carry ... Views: 13470
1. Make an early start on planning and thinking about your life after retirement - not just the financial aspects of retirement, but the way that you want to live your life, where you want to live it, how you want to spend your time, who you want to spend it with, etc.
2. Try to become less ... Views: 4088
Are you struggling with retirement? It's not uncommon. Once the 'honeymoon' period is over and disenchantment starts to set in, up to 1 in 5 people can feel that their life is in the doldrums, they're not getting the retirement they deserve and that, if this is all they have to look forward to, ... Views: 1412
There are many myths abroad about retirement, and many people who continue to believe them are being held back from fully enjoying the second phase of their lives. To help you avoid holding on to these detrimental myths, I’d like to offer my take on five more of the most widely held ... Views: 1323
Many people in our society are clinging to retirement myths, despite the publicity and information available. Holding on to these myths as truth can be very harmful to your happiness in retirement.
To help you avoid holding on to these detrimental myths, I’d like to offer my take on ... Views: 1146
When I was a practicing investment advisor I specialized in retirement planning. I would meet with my clients, review their savings and investments, and discuss their goals. Our discussion would involve how much money they wanted in their retirement and how I could help them by managing their ... Views: 1070
There is a lot of misinformation coming from financial institutions and the media about how retired people with low incomes can't have much enjoyment in retirement. Perhaps these "experts" on retirement should check out some research performed by Claritas, the organization that classifies ... Views: 5897
Retirement can be the best time of our lives. Unfortunately, the first part of many people's lives is wasted on boring work and the last part is wasted on a boring retirement. The good news, however, is that many more people enjoy retirement than those who don't.
Clearly, retirement can be a ... Views: 4741
As I approach my seventieth birthday, I look back in wonderment at my careers, defined in the broadest sense, as a student (to age 33!), then a physician and consultant, as well as a real estate developer, and more recently, as an author, publisher, and keynote speaker. Today in my “early ... Views: 4506
What is retirement planning?
A simple definition is: The setting aside of enough money during one's income earning years to provide an income during retirement.
Seems simple enough, doesn't it? In years gone by it was possible for the money set aside in this manner and supplemented by ... Views: 1227
The financial gurus tell us we should save 10% of our annual income in order to have enough cash to last through our retirement. Most of us are not in a position to save this kind of money due to the rising cost of everyday living. Just look at the gas pump!
Some of us might feel we don’t have ... Views: 1575
Many older adults often carry a deeply ingrained belief that inactive, sedentary lives are an inevitable part of aging. Boomers need to know this mindset is wrong and it can be changed, resulting in a positive physical and mental health change. The baby boomer generation can benefit from many ... Views: 1385
With just some basic preparation you and your financial planner could have your retirement fund trained to overcome obstacles with the grace of a champion pedigree.
Is it possible to train your retirement plan? We think so.
Maybe you’re about to change jobs, change companies, or change your ... Views: 1637
Now that you have decided to think about retiring, the next step is to get help from retirement planning services. There is a variety of sources for information about retiring, so it pays to take some time and research a few of your choices first.
The most obvious place to look for retirement ... Views: 978
The choices we make in life and how we react to events is a major factor in our happiness. In this regard, there are two types of people, those who act from a position of empowerment and those who take a passive stance. Empowered people take responsibility for their choices and act accordingly. ... Views: 1202
One challenge facing today's two career families is how to deal with the issue of both husband and wife retiring. At some point these couples will confront situations they may not have anticipated. Making plans for one retirement is stressful enough but without addressing potential problems ... Views: 4823
When you first think of planning a retirement strategy, you likely imagine buying brand new golf clubs, or possibly listing all of the places you would like to visit. While these are a great beginning, you need to look at how you'll spend your time when you aren't heading out the door to work ... Views: 981
When it comes to planning for your retirement, most people don't know where to start, so they put it off. When they realize that retirement is on the horizon, they panic and start searching for retirement planning tools that will create a plan for them. Some people hire expensive firms to ... Views: 1006
Thinking about retirement is not usually on the top of our list of things to do. Then suddenly we reach the point in out life when retirement is close to becoming a reality. At that point, you really need help in planning your retirement. Sure, we think about it from time to time, but never take ... Views: 972
Did you dream of the day you could retire? As the days approached, did you say to yourself “when I retire I’m going to do all the things I haven’t been able to do because I’ve been so busy working and earning a living”. Retirement should be a time where you can take it easy, slow down the pace, ... Views: 5672
Retirement is one of those ‘everywhere’ conversations these days. So many of us ageing baby boomers are nearing that traditionally fateful age that we would have to be mentally dead to not be thinking of our long-term future.
And our ‘long term future’ is one of the ... Views: 1249
In the course of a lifetime people pick up the knowledge and skills to build careers, raise their families, and accumulate material possessions. But not much of that prepares them for life in retirement. How do they handle leisure time? How do they keep their minds in tiptop shape? How do they ... Views: 3470
The following comment was made regarding retirement planning. "Hobbies and civic activities should only be included if they relate to your job or if you have achieved some level of distinction in doing them."
Now just a minute! Unless the brain is to be retired immediately, this is in no way ... Views: 3099
The issue of retirement planning has never been as important as it is today. If you're a baby boomer, then the next few years are going to be the most crucial of your life.
As a baby boomer, you've already heard over and over again you're part of the largest spending group in human history. ... Views: 926
For a great number of us, work is the primary domain from which our sense of self is derived. For better or for worse, we live in a culture which strongly dictates that we identify with our work roles, defines who we are by what we do and routinely structures our lives so that we know where we ... Views: 2391
Question: I just inherited $50,000. If I put it in a bank CD, how many years will it take before it’s worth $100,000?
Answer: 14.4 years – assuming your interest rate is 5%.
In the financial planning world there is something called the “Rule of 72”. It’s a very simple way to compute and ... Views: 1522
Wow! Can you imagine being retired with nothing to do? Would it not be one of the cruellest punishments you could imagine? Does sitting in front of the TV, day in and day out, sound like a fulfilling way to live? Malcolm S. Forbes said "Retirement kills more people than hard work ever did". ... Views: 1613
Question: Do I need $1 million to retire comfortably?
Answer: Imagine a world free of alarm clocks, bosses, long commutes, office politics and limited vacation time. Wouldn’t it be nice to call the shots, spend more time with your family and friends, doing only those things that you’re ... Views: 1239
Question: I’m 62 and still working. Is it better to take Social Security now or should I wait?
Answer: It depends on a lot of factors.
Social Security retirement benefits usually begin at full retirement age (FRA), which is currently age 65. For those born after 1937, FRA will be gradually ... Views: 1561
Close your eyes for a moment and picture yourself enjoying your ideal retirement. Perhaps you’re standing knee-deep in a Montana river, fishing for trout. Or strolling through the streets of Prague. Or reading Faulkner on the back porch, listening to the sounds of your grandchildren playing in ... Views: 1059
The day has finally arrived. You just said goodbye to your colleagues and now you are retired. For years you dreamed of this - being able to stay up late, sleep in when you choose, go on vacation during what USED to be your busiest period at work.
What’s it really like?
Most people ... Views: 5701
Want to
... jump-start your life, a quick-fix of new energy and purpose?
... stop running in five directions at once?
... get in sync with your mate?
... find some life balance, harmony, and meaning?
Maybe it's time to take control.
Like making a no-nonsense plan for the rest of your ... Views: 6415
Can’t Save Money? Then Create Your Nest Egg in a few hours per week!
When I hit 50 years old it was as if reality settled in like a dark cloud and the impact of looking at a future with no retirement package or medical benefits became a harsh realization that sent me reeling. I decided it ... Views: 1190