I wake up naturally, no alarms needed anymore. The sun greets me, as it does every morning, and my French doors open onto my patio, where I can watch the waves crash over the rocks in the bluest of oceans. Birdsong mixes with the calls of howler monkeys, letting me know that they are somewhere in the trees. My yard looks like a jungle -- coconut palms, fruit and avocado trees.
Beyond financial considerations, longer life spans and better health into the retirement years are changing the way retirees expect and desire to live their lives. They're more active and the idea of stopping all work activity is not the goal anymore.
Two female friends of ours recently announced their plans to retire from their jobs in September. But not our friend, Larry. The idea of retirement terrifies him.
It represents everything that is bad about the financial services industry. The other side is the RIAs (Registered Investment Advisers). They represent everything that is good about the financial services industry.
Later this year, at the age of 32, I plan to quit my full-time job as a software developer and don't intend to look for another one. By then, I expect my portfolio will be large enough to fund my essential expenses for at least the next 30 years, if not indefinitely, so that getting another 9-to-5 job becomes an option rather than a necessity.
Employers need a system that doesn't place their businesses at risk, and employees and retirees need to know that their retirements are secure. They deserve a pension system that they can count on, yet Congress waits to take action.
Shifra Raz and Benny Rubinstein seem like just another happily retired couple living in Santa Monica, CA. Shifra was a teacher for much of her career, while Benny was trained as an engineer and worked as a project manager in the Southern California aerospace industry. Both Israeli immigrants to the U.S., they met and fell in love 17 years ago, on the heels of Shifra's divorce from her 31-year marriage.
If there is one thing we know, no matter the country we expats live in, we will never be 'locals.' We can get legal residence status and even become full-fledged second-passport carrying citizens of any of these countries if we so choose... but we will never ever be Mexican or Ecuadorian or Nicaraguan or Costa Rican or Panamanian...
Trying to save more, but not sure how? Employer savings plans are a great way to add to your retirement fund or savings goals. If your employer offers one and you're not taking advantage of it, you should be.
While many retirees choose to stop paying their life insurance premiums when they no longer have young families to take care of, there are a few reasons you may still want to keep your policy.
Aside from the question of whether your spouse is ready for you to be around all day, making the decision to retire requires an enormous amount of financial preparation. How do you know if you're ready?
People need to consider all sources of income before making a decision about Social Security, including the use of a reverse mortgage that are growing more popular.
Costa Rica, often dubbed the 'happiest place on earth,' has long beckoned expats from North America and elsewhere who long for a more laidback lifestyle and warm tropical breezes.
Your employer has a fiduciary duty to ensure that you are provided with a 401k product that offers you a reasonable opportunity to achieve retirement income security - you just need to fund it adequately!
You made it. You are retired. Your new job will be doing whatever you want! Sounds good, right? Retirement can be a wonderful time. It's a Life Even...