The decisions you make just before and after retirement can affect the quality of life throughout your retirement. While there’s plenty of flexibility in retirement planning, it’s important to get these some major things right. Yet lots of retirees take the wrong course, for various reasons. Some of these are choices made with the best of intentions that turn out to have disastrous consequences. Some are just made out of lack of planning, or making decisions in haste, or simply habit. Here are some common mistakes made when retirement is coming close.Continue reading
The Teachers Insurance and Annuity Association of America (TIAA) recently issued its 2016 Voices of Experience survey report. For the survey, TIAA reviewed responses from over 1,500 retirees, the majority of whom (55 percent) had worked in higher education. A small percentage had also worked in public education or health care. Three-fourths of survey respondents had earned a college degree, and more than half (60 percent) held a masters degree or higher.
Although the results may not be representative of retirees as a whole, the results are consistent with survey responses of other groups and offer useful lessons and insights for retirees and pre-retirees of all ages.Continue reading