Any life ending, whether one you choose or one imposed upon you, can give you the opportunity for new self-understanding. With the ending in the past, you have the opportunity to find fulfillment in those openings that yet await you. Retirement may be the best thing that's ever happened to you, and the transition that stimulated you the most to redefining your values, sense of self, and purpose in life.
While many have looked at a reverse mortgage as a viable retirement vehicle for those who may need an injection of capital, it can also be just as advantageous to those who are well off, too.
It became clear to me that unless you have so little money that you will qualify for Medicaid, or so much money that you can pay the bills out of your own pocket, you should consider buying long-term care insurance.
Having relocated to a bigger house in a smaller community in 2014, I have not found it difficult to find employment. Kudos to local employers for respecting the skillset offered by a job candidate with a lengthy resume. The challenge for me has been finding a place where I fit and feel validated.
Are you one of the many people who don't have a 401(k) at work? Wondering how in the world you're going to save for retirement without one?
Americans are woeful at saving for retirement -- and there's only so much the government can do about that. And that's why the newest changes in tax policy (plus newer ideas currently being tossed) can't make that big of a difference.
What would prompt someone with a serious medical condition to move, by themselves, to a foreign country without being able to speak the language? And why wouldn't they at least have a necklace, bracelet, or wallet card on them at all times to alert medical personnel about their condition?
While you may not want to file bankruptcy, it is the only legal tool you have to alter your financial path. And when you read those two cases I linked to you will see the bankruptcy court judges were sympathetic to the retirement crisis facing people just like you.
After almost two years of full-time travel, of extended stays in Italian university towns, Croatian coastal retreats, and forested German hideaways, I've finally come home. All it took was some exploration, a lot of paperwork, and a little luck.
So much for the conventional wisdom of downsizing your home when you retire. A huge percentage of families are moving into bigger homes -- many to make room for adult children who didn't fare so well during the recent recession.
Social Security demonstrates that public systems are often better than their private counterparts. The problem is that government-managed systems are only as good as their stewards. The only cure is stronger democracy, so that citizens who value good programs vote to elect leaders pledged to defend them.
The tontine is an investment scheme where each of a group of participants pays a specified sum into a fund and receives a pro rata share of the income generated by the fund, but when a participant dies their share is divided among those remaining. As the number of participants dwindles, those remaining receive increasingly large distributions.
Don't waste your time and money trying to fight the impossible to win the market timing battle of predicting when to buy low and when to sell high. If you buy today and sell during your retirement you will do just that and with a lot less effort and stress.
As an expat retiree, you'll find yourself with more free time: time to retool and learn new skills. Time to spot opportunities, and to pursue them. Your retirement is likely to be much longer than your grandfather's was. What you do with it will be up to you.
The good news is that you don't have to die to use your Life Insurance. Here's how to put the new policies to work for you.
Fresh ideas and approaches can empower a brighter future of aging, and the emergence of financial gerontology is cause for hope. This link between two disciplines that are critically important to the aging population presents the potential for new solutions and healthy, productive and purposeful outcomes for today's older adults and for generations to come.