Social Security turns 80 years old today. Will it live to see 100? I sure hope so, but according to the Social Security Administration (SSA), the Old Age and Survivors Trust Fund (OASI) reserves are currently on track to be depleted by 2037 unless Congress gets its divided act together.
I've noticed a couple of recurring themes for towns and cities that people rate as good retirement choices. We know that for retirement, people love university towns and apparently, people also seem to love farmers markets.
If we had a super power such as 20/20 hindsight, would we have done things differently back in 2001 when we were preparing to leave the pastures of Nebraska for greener ones overseas?
There is much we 'northerners can learn from Latinos and their culture, similar to ours in many ways and very different in others. If you intend to retire overseas, these are some things you may want to know in advance. Latinos live life with gusto.
When you buy a piece of property overseas, it can sometimes come with an important bonus -- it can open the door to foreign residency. Here are five of my favorite places where you can obtain residency by buying real estate.
The so-called 'retirement age' is nominally thought to be 65 years old, but to get your full Social Security benefits the age is inching up each couple of months to 67, for those born in 1960 or later. And who knows where it will go from there? Or what will become of it.
Today with all the advancement on each of these fronts, average longevity is in the 80s and headed to the 90s. The largest growing demographic are the centurions and over -- for all the reasons that you readers know. So... what to do to rationalize the Social Security Retirement System?
When our husband were mainly career-driven, their minds were filled to capacity with how to make and keep their money for their families' security. When they slow down their minds relax; they only do what gives them pleasure and thus they have more time on their hands. They need us!
We can't equate money with happiness. Believe me, the relentless pursuit of money has costs: opportunities to be with friends and family, attending once-in-a-lifetime events with children, and general chances to spend quality time with our loved ones. We can't put a price tag on going to a ballgame, teaching life lessons to our kids or just hanging out and laughing with those close to us.
First in a series. Sure, the hit HBO show Ballers on life after football -- starring none other than a super suave Dwayne 'The Rock' Johnson -- is dripping with sex, sun and swag. But the real story behind the story is about finances and the show gets it right on the money.
Nearly half of households led by individuals or couples aged 55 and older having no retirement savings accounts at all. If this describes your situation, you have a tough problem -- but not an impossible one. The key is getting advice and taking immediate steps to budget, save, spend and invest.
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?