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.
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.
Retirement as our parents experienced it is being retired... As tens of millions of us now ponder whether and how we might work as well as play in retirement -- for the money and/or the stimulation -- it can be helpful to follow the lead of the trailblazers who are already shaping this new retirement workscape.
Can you imagine telling Bruce Springsteen that since he's 64, it's time to stop playing music? Or forcing 65-year-old fashion powerhouse Anna Wintour to retire? Should Warren Buffet leave investing to younger folks, since, after all, he is 83?
Playing sports is "hard wired" into the male species. We are born with the drive to be competitive and to win. We are obsessed with being the fastest, the strongest, the nimblest and in the end the best. Playing organized sports has always been the easiest way to do just that... But as we aged, our ability to play sports at a highly elevated competitive level changed.
You may have read the headlines and heard the stories: Retirement is being retired. For more than thirty years, I've been analyzing the data and trends, and I've long predicted that working in retirement would one day become the norm. Now it has. We have reached the tipping point where the majority of people now plan to work in retirement, and this later phase of life will never be the same.
If you love dogs, you'll be thinking about where you retire with an additional filter. Is the city or town friendly to Fido? Are there active 50+ communities that are especially tailored to pets?
Remember there are always 1,440 minutes in each day. They do not vary from day to day. If you understand that, you can map out a plan for using them wisely. Appreciate and accept that some of these minutes will be used systematically day-in and day-out for essential task... It is how you use the remaining minutes that make the difference in your emotional and financial well-being.
Then came retirement. In 2013, my husband and I made strategic decisions to retire, sell our home, and move back to the community we left 20 years ago. After months of planning and action steps, we have just completed this huge transition. Here is some advice on the huge transition.
You may not realize it, but you have a lot of bad habits. OK, sorry I said that but it had to be said. All baby boomers have bad habits. I have bad habits. You can't go this long in life without having developed some imperfect patterns and impulses in your decision-making.
To ship or not to ship? That's the vexing question many prospective expats face about their belongings when moving overseas.