One of the major concerns for those entering into retirement is no longer having a paycheck. In addition, there is a normal fear of running out of money and having to spend what we spent a lifetime saving. One of the primary issues is how to make withdrawals from the various accounts we have built up and the timing of withdrawing from these accounts, both personal and retirement.
It’s finally time for retirement. We have endless freedom stretching in front of us, which means that we can spend our days doing whatever we like. If you are looking around to see what others are doing with their retirement years, check out these five trends for the young at heart.
One of the most difficult and emotional times in our lives is making the transition to retirement. Sure, all of the ads make us think of freedom, buying a vineyard, going sailing or hitting the road in a Winnebago!
The first wave of Baby Boomers has begun turning 65.
Since their earliest years, Baby Boomers’ vast numbers have allowed them to make a substantial impact on each phase of life as they passed through it. Now, they’re entering the retirement home marketplace.
I’m a member of the club women hate to join — the Widows Club.
When my husband died, it felt like a big part of me died, too. I lost the love of my life and the dreams we shared for our future. All gone in an instant and right after my 60th birthday.
I always thought that owning a retirement property in a warm country would be paradise. So, when my son invited me to visit him in Brazil, several years ago, I was tempted to stay for longer than just a few weeks. Out of curiosity, I tracked down a local real estate agent and set out to find out what the local market was like.
The stigma of nursing homes is gradually ebbing away. People are no longer satisfied with moving into a community that provides only the basic level of care.
Your husband may be out of the picture, but his Social Security could still be a part of your life. Whether you’re widowed or divorced, U.S. law may allow you to collect benefits based upon your former spouse’s work history.
If you listen to the media, getting ready for life after retirement is all about how much money you can stash away. So, like squirrels, we run around, burying nuts all over the garden, hoping that they will last us through the winter. Then, when we reach retirement (or semi-retirement), we realize that money isn’t everything.
The choices you make today will affect your Social Security payment amount later on. This is true, even if you are in your 60s and are rapidly approaching retirement age. It’s especially true for our daughters and granddaughters, who still have several years, or even decades, to go before retirement age.