Paying off student loans is, in effect, keeping young adults from investing in their futures. It's bad for them -- and bad for the economy as a whole. But it doesn't have to be this way.
What's my third act, as we like to say in the theater? Every good play, every good life, needs a good third act.
There's been lots of debate and discussion lately about how to shore up Social Security for future generations. But already there are dramatic changes underway that threaten to end Social Security as we know it -- yet almost no one has even heard of it.
I'm not afraid of aging. I've been looking forward to my retirement years since I was in my thirties juggling four children and working two, part-time jobs. While others bemoan the toll that aging takes on their bodies and their lifestyle, I'm pouring over travel sites and counting down the days until I can pull out of the driveway in a brand spanking new RV.
June 15th is National Elder Abuse Awareness Day. Although elder abuse is a painful topic -- one we'd all prefer not to read about or discuss -- prevention requires awareness, so here goes.
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.
While visiting family recently in the U.S., we were reminded again that North American expats aren't the only ones who love living and retiring in Latin America. Latin Americans like it, too.
When your scarcest resource is time, does it make sense to spend time trying to add more money when you already have more than you'll ever use?
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.
Pat and Mary Sculley began working together as a team after they retired. What lessons can other potential couples learn from their career reinvention?
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.
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?
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.
Psychological scientists are very interested in the dynamics of future planning, in part because people are so bad at it. There is circumstantial evidence that people who are financially irresponsible also take poor care of themselves. Is it possible that a single underlying trait is shaping behaviors that promote both health and wealth?