Posts Tagged "retirement"
There’s a new way to determine when you’ve got enough money in your nest egg to last the rest of your life. It involves flipping the script.
Traditionally, individuals picked the age at which they planned to retire and tried to get as much money in the bank as possible before they hit that age. Typically, people picked somewhere between the age of 65 and 70 as the time they planned to leave their work life behind.
The problem is that thinking was forged during an age when people were holding off until they could qualify for a pension. Today, unless you work in the publi…
The average person spends an estimated 90,000 hours of his or her life at work. Since more time is spent with co-workers than family, friends, and sometimes even spouses, it’s not surprising that most relationships develop during business hours.
When older adults retire or leave their job, their interaction with longtime friends and colleagues is suddenly cut short. With a drastic increase in free time during the day and fewer people to talk to, it’s natural for feelings of isolation to set in.
It’s important to nip those feelings in the bud before they lead to …
Turning 60 is an exciting moment, even if it might not feel that way. The golden years are a time to reflect on the life you’ve lived so far while still prepping for the many adventures still left to come.
If you haven’t already, this time in life is also the moment to take a step back and focus on retirement planning, specifically the people helping to manage your money. Many Boomers once lived by the motto “don’t trust anyone over 30.” Today, it’s smart to not trust their retirement savings—or the Social Security system—to provide a comfortable retirement.
Plan for your Retirement Satisfaction
Whether you’re already retired or you’re starting to think about what retirement means to you, now’s the time to ensure that you have a plan in place to make your dreams a reality.
Most of the existing research conducted on the retired population focuses on how a person’s economic well-being impacts their retirement satisfaction. However, because economic wellbeing is not the sole indicator of retirement satisfaction, the Employee Benefit Research Institute (EBRI) conducted research analyzing some additional …