Your cost of living will depend on your lifestyle, of course. In the new book we've just written, we explain just what this means, and we share details about how you should be able to reduce your living expenses by as much as 30-50 percent over what you may be spending in the U.S. or Canada. . . maybe more, depending on where you choose to live.
Sixty-five is a longtime bullet-point mile marker along the Interstate of American Life, the product of uncounted hours of congressional back room dealing and insurance-company probability charts.
In most of the world, there's no such thing as a Multiple Listing Service (MLS). "Running comps," as any would-be real estate buyer would do when shopping in the United States, depends on referencing an MLS. But, again, no such organized, computerized, easily accessible database of properties on the market exists in most of the world. With limited exceptions, the MLS is a U.S. market phenomenon, an indispensable tool that, somehow, the rest of the world's real estate markets manage to survive without.
Thanks to the economic crisis, the American dream of retirement in our 60s is dead or dying. Eighty is the new 60. But is this really that bad of an outcome? Your brain sees a silver lining.
roponents of the drastic Chicago pension cuts sought by the city have threatened a range of doomsday scenarios if their proposal is not enacted. Rather than the thoughtful, informed discussion this matter deserves, this is the equivalent of shouting "Fire!" in a crowded theater.
Arizona has been a big retirement destination for many years, and for good reason. In fact, the very first Active Adult Community in the US, Sun City, was developed there over 50 years ago. But the reasons to choose Arizona are more than just the obvious. While AZ has hundreds of days of abundant sunshine and tons of golf courses, it has a lot more going for it than only sun and golf.
A few reactions to Letterman's retirement announcement bring up the idea that he may be stepping down because he never "got" the viral video phenomenon that Fallon and Kimmel have so clearly mastered. I say, nuts to that. Letterman invented viral videos -- we just called them "watercooler moments," and they were spread with your lips, not your fingertips.
Momentum continues to build inside and outside the halls of Congress to reverse course on the single-minded quest to cut Social Security benefits which has dominated our political discourse for years.
April 15 -- a day that's become a nagging reminder of the money we make and how much we spend -- is around the corner and boomers in particular might wonder how they can save more money in 2014.
We knew before the meeting that economic inequality would be a topic of discussion, and afterwards we were told it was part of the conversation. Yet, I'm pretty certain that the elephant in the room was not discussed.
Warren Buffett described public pension plans as a "gigantic financial tapeworm" and warned of a decade of pain. He was right on the first point, less so on the second.
Our parents' bookshelves were portals into their lives as teacher and journalist, into their married life and later, their lives as separated people.
I have several close friends who are contemplating retirement, and a few have been teetering on that decision for a while. They are not hesitating over financial worries, but more over quality of life issues. They want to be sure that the next stage of life is at least as rich and purposeful as their working years have been.
Think swimming pools and movie stars. That's right, you could retire with the likes of Billy Joel and Ralph Lauren if you've got some extra pesos.
I've noticed a trend among the children of my friends, friends whose offspring are freshly, or a few years out, of college. They are trying out lives in exotic places and traveling as much as they can, while they can. While they can.
For years, David's work schedule had him out of the house at sunrise, returning way past sundown. Now he's home with me 24/7, and as a couple, we have much to relearn about each other in that sudden togetherness. Apparently, I talk out loud to myself... a lot.