We’ve heard the story before. As the credit crunch tightens its grip, you’re finding it much more difficult to pay for those bills and meet your basic needs. You’re desperate to find a way out of the mess without having to take a second job or sell an organ on the black market – so [...]
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It’s something that every baby boomer has dreamed of at some point – the early retirement. Those dreams of a Florida retirement, or days spent traveling the world with a loved one is an awfully tempting thought, but many of us brush off the notion of an early retirement simply because we don’t think we’ve [...]
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Remember those dreams about early retirement? It can be easy to daydream another dreary 9-5 day with thoughts of sunny golf courses, exotic and undiscovered locations to travel to and more free time than you know what to do with. Of course, most people brush off the thoughts of an early retirement as just fantasy, [...]
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Between 2007 and 2009, many near-retirees have had their confidence blown to pieces as they’ve watched their 401(k) retirement funds stagger under the strengthening recession. As they near their retirement age, many baby boomers are desperate for a sense of security, as there’s no guarantee that their retirement savings will still be there. In fact, [...]
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It is surprising to me how many people I speak to who think that when they reach retirement age they will sell the family home and move to a new area that has appealed to them in the past. The idea of a Florida retirement, for instance, is one that is deep rooted in the [...]
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For many seniors, the idea of retiring to a community is one which they do not relish. Most people’s retirement plans include staying at home, perhaps with some visiting nurse or assistant if health needs require, and not moving into a different environment. Sometimes this is based on a financial decision, as the cost [...]
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Retirement can always seem like somewhat of a gamble, even during the best of times. After all, will you have enough money to see you through up to three decades? Will you have enough to counteract the effect of inflation? These questions alone are enough to make any baby boomer nervous; however, add the recession [...]
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It may surprise you in this current economic climate that people are still thinking about retiring early, but there are an increasing number of people who fully expect to be able to retire and pursue their hobbies or volunteering for an extended period following their careers. What are the secrets to being able to lower [...]
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This week I think about long-term care insurance and whether that you should consider taking out a policy. It does not rank as one of the best investments for everybody, but you should consider carefully whether it may provide you with the assurance of continuing care that you need. As with all insurance, there is [...]
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Why is it that everyone thinks they need to invest for their retirement, to the extent that you feel guilty if you are not putting money away regularly? After all, you can do various things after reaching retirement age to give you income, such as taking out one of those reverse mortgages they keep advertising, [...]
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