Retirement Planning

Where we choose to retire will impact our ability to make money, find new friends and pursue our passions. Since this is such an important question, I decided to interview overseas retirement expert, Kathleen Peddicord…

If you are thinking about retiring abroad, you probably have a pretty good picture in your mind of what life in another country will be like. You’ve done your homework, scouring the Internet for information about healthcare costs, climate and culture. Read More

Many women dream of owning property abroad. Perhaps you imagine spending the best decades of your life on a vineyard in the south of Italy. Or, maybe you would prefer to own a small apartment in a high-rise building in Panama City. Regardless of your preferences, the realities of owning property in another country are likely to be quite different from your expectations – both positively and negatively…

Let’s start with a simple question. Are baby boomers ready for retirement? In a word, no. If we define “retirement” as an extended period of living off of our savings, baby boomers are most definitely not ready for retirement. In fact, according to a report by Charles Schwab, 43% of baby boomers have saved less than $25,000 for retirement. That’s not small change, but, it’s insignificant compared to the cost of living over 20-30 years. Read More

By now, you’ve probably already heard of Tim Ferriss, the author of the New York Times Best Seller “The Four Hour Workweek.” If so, you may have the impression that Tim Ferriss’ advice is mostly aimed at people in their 20s and 30s who want to quit their job and travel around the world. Read More

Baby boomers have diverse opinions about what makes the “perfect retirement”. In fact, most of us aren’t planning on retiring at all, at least in a traditional sense. Instead, the majority of baby boomers say that they want to continue to work past retirement age, either in their existing job or by starting a new career. The rest are looking forward to taking a well-deserved break after decades in the workforce. Read More

Most baby boomers dream of owning their home in retirement. Whether they plan on staying put or moving to a new country, they find the idea of owning their home “free and clear” extremely comforting. Read More

On the surface, having a retirement age is a fantastic idea. Who could argue with the concept that, after decades in the workforce, people should be able to relax and enjoy the fruits of their labor? Read More

If you believe in the traditional view of retirement, life after 65 should be filled with trips to the golf course, martinis by the pool and plenty of TV time. Setting aside the question of whether such a life would be healthy or fulfilling, it is clear that few of us will be able to afford it. Read More

As many boomers know, trying to keep your career moving forward after 50 can be a frustrating experience. Aging stereotypes are just part of the story, but, they are an important part.

In a recent report titled “A New Vision for Older Workers: Retain, Retrain, Recruit”, Dr. Ros Altmann goes so far as to say that, in the U.K. most women find their careers grinding to a halt at age 45. Men get another decade of career growth before reaching a plateau, but, even they find it difficult to advance after age 55. Read More