If we cling to old definitions of a future no one can pretend to predict, we are still going to age. But we will have been complicit and ultimately powerless by refusing to choose how we will age in the 21st Century. It's time we all thought about that.
Here's a frightening thought: a nice tidy household with great grandparents, grandparents, mom and dad and you -- and, you are 30 years old. A bad dream? Reality? A possibility?
Upon arriving in Brazil, I commenced upon a second and simpler life. I quickly immersed myself in teaching English, exercising, studying Portuguese, and building a new circle of friends. I did not miss my old life, or my old stuff.
Amy Augenblick swears she isn't as traditional as she sounds. She and her husband, Walton Smith, both 43, are saving for retirement together. They both go to the financial planning meetings with their financial advisor--they've known him for decades, she tells me--but, the truth is, she's just not that interested.
While we won't all live to 100, we can make changes in our lives to improve our longevity with the added benefit of improving our quality of life. Get out in your community, make exercise a key part of your life, and stay close with your family. And don't forget to eat your beans.
Although the road to a comfortable retirement is full of uncertainty, the good news is that you don't need to predict the future to be able to prepare for it. You have the power to make decisions today that will directly impact how you live tomorrow.
With the future of Social Security uncertain and an increasing number of workers approaching retirement, having access to intuitive, low-cost retirement plans along with a sound strategy to work toward retirement goals is more important than ever.
My visit with Jason followed on the heels of some extensive research I was involved in, to gain a better understanding of millennials' financial habits. In addition, we also investigated the role (or lack thereof) a financial advisor plays in helping millennials plan and save. The results? As varied as their personalities.
Retirement is often thought of as a far off and hard to achieve nirvana, here are a few endearing myths that may throw off your financial planning.
I recently returned to Ecuador from a two-week spell in the U.S. and I'm still processing the experience. It was fabulous to see family again and connect with co-workers, but my time there was not quite as I expected.
It's not unusual for a worker to lose track of a pension benefit. Perhaps you left an employer long ago and forgot that you left behind a pension. Or maybe you worked for a company that changed owners or went belly up many years ago, and you figured the pension went with it.
While reverse mortgages can provide significant cash during retirement, they may not be the best choice for everyone. If you are thinking about a reverse mortgage, discuss your options with a neutral financial adviser. Always know all the details before making any financial decision.
I'd like to invite you to do a thought experiment. Imagine what it would feel like to have spent most of your life working in corporate America. You...
In the 21st century, many seniors are not retiring from something. Instead, retirement is an opportunity for reinventing, reimagining and reconnecting to one's self, family, friends and community.
Retirees can now live so long -- and stretch their money so far -- that with the right strategies they can look forward to two or three more fun and productive phases of life after traditional retirement.
Developing a plan for the sale or transfer of the business is only part of the challenge for baby boomers who own businesses. Many owners may also need to adjust their business models in order to be able to sell or transfer ownership at all.