Nowadays, many retirees (or soon to be retirees) want to work to some degree in their retirement years. These so-called “bridge jobs” can serve many purposes, such as the need for income, the social aspects of a workplace, or perhaps … Continue reading
As you approach retirement, if you’re like many soon-to-be retirees mentioned in various surveys, you have a big question to answer: how will you convert your retirement savings into lifetime income? In other words, you’re transitioning from the “savings phase” … Continue reading
As a young person, all work and no play makes Jack a dull boy. In retirement, all play and no work makes Jack a bored old man. A variety of activities in retirement, including work of some sort, is still … Continue reading
Retirement Planning: Live For Today, Save For Tomorrow – AARP The Magazine. A great article on maximizing retirement readiness by Carla Fried, with a short quote on page 3 from yours truly!
Why do you suppose older athletes like Brett Favre, Michael Jordan, Tom Watson, etc. keep playing? For the money? Maybe; more likely–for the satisfaction from their work. How will you define your great retirement?
There are a couple easy rules to understand about when to retire from wage-earning work. The earlier you retire from work (the younger the age), the more money you must have saved up by that point in time. The longer … Continue reading
Based on a recent study from the Nyhart consulting group in Indianapolis, 73 is the new 65. Whereas we typically think of 65 as a common retirement age, 401k savers studied in this report won’t be able to afford to … Continue reading