As you get closer to retirement, your investments should be more conservative. That's because you have less time to recoup any losses incurred by our beloved stock market. To be honest, saving more will impact your situation more than hiking your stock allocation.
Have you gotten tired yet hearing how broken down and dysfunctional we have all become in our advancing years? If we are smart, we except our shortcomings, find a way to overcome them and move on with living our lives to the fullest.
For a single person approaching retirement, it can be empowering and confidence-inspiring to get on top of the financial planning and be in a position to be ready to retire and embrace this new phase in life.
Despite the advantages and excitement that a move abroad brings, there was one stumbling block that nearly prevented us from taking the leap: Fear of commitment.
In these places, you'll have lots of English speakers to rely on for help and suggestions... Who are the best doctors, where's the best place to buy kitchen appliances, get your computer repaired, and so on. They've been there, done that... they've blazed the trail so you don't have to.
As baby boomers and seniors advance toward retirement, one certainty is that fiduciary responsibility rests more closely than ever with individuals.
There are so many things to consider if you are contemplating a big move for your retirement. While the financial piece will dictate a lot of it, other things are important too like access to friends and family, cost of living, cost of housing, renting or buying, one home or two, and proximity of good healthcare or continuing education. Will you need a car? Is the new area safe?
Young adults are not leaving home these days, or they are boomeranging back, as many parents well know. Indeed, the successful launch of the young is occurring later and later.
While I don't yet have the freedom to spend several months a year writing in Belize or exploring the hill towns of Sicily, my goal is to make it happen within the next six to eight years.
Years ago, when I was part of the corporate middle management machine, I had the honor of working for brief time with a gentleman that actually reinforced my faith in mankind.
Bucket lists do not just have to be the subject of movies. Write one. Make it ambitious. Start checking it off. Climb that mountain. Visit the seven wonders. Take those dance lessons. Buy that weekend car you always dreamed of driving
The bottom line is that selecting the proper sunscreen can be a chore. Before diving into the sea of choices, let me make it completely clear that everyone needs some sort of protection when spending time in the sun. No one is immune to the effects of extended exposure.
What makes for an "easy" overseas retirement destination? Look for destinations where lots of expats have already settled. They offer instant, English-speaking support groups for newcomers, along with local businesses familiar with expat needs and wants.
Yes, it's summertime but if you are going to be out in the street dancing then please take some precautions. Wear some sunscreen people. Especially at our age.
We've lived and worked abroad for nearly 13 years now. And we know for certain that in many convenient, never-shovel-snow-again destinations around the world, you can enjoy a comfortable lifestyle, but with a significantly lower cost of living than in the U.S. or Canada.
There it was, flickering on my Apple Cinema monitor: I was that 1 boomer in 3 with NO real retirement plan. I was totally busted. My head spun, and in the next few minutes, I went through all five stages of the Kübler-Ross grief model.