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?
According to this article from Dave Ramsey's website, "the majority of American workers, 69 percent, have less than $50,000 saved for retirement -- 36 percent have less than $1,000."
There was a time when I took pride in the fact that my house was one of the busiest (and noisiest) on the street. I had four children of my own, took care of five others during the after school hours, and maintained a revolving door for all the neighborhood kids to come over whenever they chose. My house was always LOUD. Music blasting, televisions blaring, giggling, squealing, and raucous games of basketball in the driveway --this was the norm.
If you love dogs, you'll be thinking about where you retire with an additional filter. Is the city or town friendly to Fido? Are there active 50+ communities that are especially tailored to pets?
So if retirees do not monetize the roofs over their heads, what can the typical working households in the 55 - 64 age group retire on beyond Social Security?
It is time to start planning for the future and the future of your taxes is in about 240 days. That is when the IRS is expected to start processing 2014 tax returns (assuming no late tax legislation changes or other IRS delays) and you will be able to file your taxes and receive your refund.