One of the ideas to help overcome the fear of retirement is to find a cause one area about, easier said than done.Finding causes you care about involves a bit of introspection and exploration. Here are some steps to help you identify and engage with causes that resonate with you: 1. Reflect on Your Values […]
Whenever I attend events with pre-retirees and retirees, I enjoy asking questions and listening to their thoughts on retirement. Many times, I’ve spoken with experienced, capable, and well-connected individuals who share their concerns with me: “You know, I’m really apprehensive about retirement. I have enough money, sure, but I’ve never thought about what else I […]
Retirement can be so much fun as you explore new learning opportunities, Here are some tales from those who took the plunge into retirement. 1. Lifelong Learning for a Sharp Mind When Nancy retired at 60, she was worried about how she would fill her days. She decided to enroll in a local art class, […]
As we look toward the future, one of the most pressing concerns for those approaching retirement is the rising cost of healthcare. Reports indicate that healthcare expenses for retirees are expected to increase significantly over the next decade, presenting a substantial challenge for retirement planning. For individuals in their late 50s and early 60s, understanding […]
Recent findings from the Prudential Financial survey have revealed that 55-year-olds are facing significant emotional and financial challenges as they navigate the complexities of retirement planning. This demographic, which includes many of you, is dealing with a unique set of pressures that can significantly impact life satisfaction and mental health. However, with the right strategies […]
Retirement is a significant milestone in life, offering the opportunity to embrace new adventures, hobbies, and personal growth. It’s important to recognize that stepping away from a career isn’t solely about reaching a certain age; it’s about understanding when it’s the right time to transition into a new chapter. Knowing when to retire isn’t about […]
As Baby Boomers transition into retirement, ensuring financial security and maintaining good physical and mental health becomes paramount in the face of potential uncertainties. From market fluctuations to healthcare expenses and longevity risks, navigating these challenges requires proactive planning and strategic decision-making. Before diving into specific strategies, Baby Boomers must grasp the various risks they […]
I retired in 2006, almost 19 years ago. I worked on and off for another 8 years for pay but stopped working for pay in 2014, so this is my 10th year in full retirement. It’s worth considering that your retirement may last far longer than your job. According to the Bureau of Labor Statistics […]
As retirement approaches, it’s natural to feel a bit apprehensive, especially during times of economic uncertainty like market fluctuations and potential government shutdowns. To retire confidently, consider these practical steps to secure your financial well-being for the long term. Firstly, revisit your financial plan. Take a close look at your savings and investments, considering factors […]
Here are the last 10 places that are ranked in the top twenty: 11. Canada (Rank: 11): · Pension System: Basic national benefits, means-tested income supplement, and public pension plans. · Strength: Diversification of income sources and adjustments for inflation. · Challenge: Improvement needed in quality of life and material well-being. 12. New Zealand (Rank: […]
