Retirement can be a challenging time, especially when you live far away from your family. Many people also struggle with finding new friends once they leave the jobs that have given their lives meaning for decades. The good news is that we don't have to accept loneliness in retirement!
As part of the spring cleaning of your money house, let your mantra be, "I'm going to stop making everybody else rich, and start living a rich and sustainable life here and now!" Below are 10 ways to put more dough in your wallet.
With 401(k)-type plans, participants are supposed to build up savings through stock market investing during their working years that will then support them during their retirement years.
I watched my 96-year-old mother as she napped in the comfortable nursing home. I couldn't help but think of how long she, as a grade school teacher, and my father, as a municipal worker, had worked, sacrificed and saved for their retirement.
Think ahead a few years or even a decade or two, perhaps. You will be 60, 65, 70, or maybe older. Company pensions will be a thing of the past and 401(k) plans will have not fulfilled their promise as savings vehicles to support you through a comfortable retirement. Will you be ready?
That's why I count myself lucky to still have a hero in Loretto "Lou" Szucs, and I'm far from alone. Within the genealogical world, Lou is loved and respected by all and has been for decades. Today, she is retiring as Vice President of Community Relations of Ancestry.com.
Starting a business is a risk at any age, to be sure. But the statistics support the notion that older entrepreneurs are more confident about launching and sustaining businesses than younger entrepreneurs.
Lynn Ann Snellman and her husband Tony DiPiazza's lifestyle in Belize is very different to what they knew back in Okemos, Michigan. 'Our main reason for leaving was the weather. We crave warmth and sunshine. Here in Belize we are thrilled to enjoy an outdoor lifestyle year-round,' says Lynn.
I'll go out on a limb here and say we've all done it. We look up from our computer, iPad or iPhone, where we've just spent time on something that is really of no importance to us when we could have been engaging in a more meaningful activity. And that's my definition of wasted time.
t's human nature to want to get that Social Security check as soon as possible. But while collecting sooner rather than later is tempting -- and may very well be the right move for some -- your monthly benefit will be higher if you can be patient.
When it comes to retirees and their nest egg, there's no strategy regarding how much they spend a year. It's either a big chunk or nothing, according to a study by a financial research firm.
In the wee hours of the morning, when most people were sleeping, the Senate took a vote that has momentous implications for who will win in 2016 and beyond. In three resounding votes over the last two days, Democrats rediscovered and reclaimed their legacy.
For baby boomers who hope to retire early and enjoy the rest of their lives with travel and other pursuits they've put on hold, it helps to have children that are financially independent.In fact, you're more than twice as likely to retire earlier if you don't have to support your adult children.
The scary thing about conflicted advice is that it's legal, friendly and presents itself as free. Follow three simple rules -- find a fiduciary, pay a fee and avoid rolling over funds to an IRA. Don't make one of the costliest investments mistakes: using a conflicted advisor.
I'm turning 70 in a few months and know I'll be forced to withdraw money from my retirement accounts. How does that work and are there some special rules I need to be aware of?
For a lot of folks the best place to retire is near your kids and family where someone can watch over you and take care of you in case something happens," Kahn says. Deciding where to live in the golden years is still a very personal decision.