There is nothing in personal finance quite as simple and yet complicated, as retirement. Simply put, retirement is the period in a worker’s life when they can voluntarily choose to leave the workforce. In the United States, this is usually defined as when someone reaches the age of 65. However, different people have different financial […]
Continue ReadingWhat Do You Say On Retirement Day?
Most people’s lives are spent working a 9 to 5 job. It has become part of their daily routine. But it will come to the point that you would want to break free. Retiring is one of the most satisfying times that people look forward to in their careers. It may seem like the end of their […]
Continue Reading24 Tips to Defeat Boredom In Retirement
After all the years of hard work and as health concerns may slowly start to arise, options of ‘hanging it all up’ or ‘calling it a day’ is going to be the most exciting decision you are about to make. Now that you have finally retired, it is time to live the next chapters of […]
Continue ReadingWhat Are The Five Stages Of Retirement?
By definition, retirement is the act of ceasing from a job or from active work life. One can achieve retirement when reaching the retirement age, i.e., 62 or 65, or can be earlier than the retirement age due to health reasons, personal reasons, or whatever reasons may be. Others think of retirement and financial independence […]
Continue ReadingDo You Spend Less in Retirement?
We all come to a point wherein we just want to stop working and enjoy the money we saved through the years. Someday we will retire and just relax, do the things we love to do, discover a new hobby, and live life comfortably. The question we ask ourselves, though, is if we spend less […]
Continue ReadingHow To Find A Retirement Community
It is never too early to plan on where you will be spending your retirement. In fact, the earlier you get started, the better your chances are at getting a place that really suits your needs. Regardless if you’re planning on retiring ten years from now, or after just a month, by following the tips […]
Continue ReadingWhat Is A Comfortable Retirement?
Many people have unique fantasies about their lives after retirement. Some want to travel the world, while others dream of settling down in a peaceful town. Whatever your dream may be, you must prepare for it. A comfortable retirement must be the target of everyone. Despite not working, you can still live a comfortable life after retirement if […]
Continue ReadingHow Do You Plan A Senior Trip?
Entering your golden years need not be a reason for you to go out and travel the world. A lot of seniors are still taking trips, and there is no reason why you cannot, too. While there are some limitations to work around, there’s no better time to travel than when you’re a senior citizen. So how […]
Continue ReadingUnderstanding Retirement & Underlying Statistics
Retirement is a phase in life that a lot of working people look forward to. Being able to plan for it is a huge help for anyone who’s expecting to retire real soon. But, retiring requires an individual to have sufficient income to support themselves (Dan, 2004). Below are retirement statistics to consider and understand in order to have a better […]
Continue ReadingReverse Mortgages are a Powerful Retirement Tool
A Reverse Mortgage, also known as a Home Equity Conversion Mortgage (HECM), is a select type of mortgage that a homeowner over 62 years of age could receive cashflow against the equity they have in their home. The payment options offered by a HECM can be received in the form of: Terms -fixed monthly cash for a […]
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