Category Archives for Lifestyle

5 ways loneliness and social isolation can kill you

the-beggar-1433792

Loneliness and social isolation are common among seniors. As people get older, they’re more likely to live alone and have little social contact. Additionally, more older adults than before do not have children, which means no descendants to visit and provide company. But this social isolation can have severe negative effects on physical and emotional health and longevity.Continue reading

3 signs you’re not ready to retire

retired-cool-1309150

When thinking about preparing for retirement, many people focus exclusively on the financial aspects – making sure they’ll have enough to live on and meet their expenses. But it’s important to realize that retirement is also a major life transition, and to make it successfully requires psychological as well as financial preparation. Here are three signs you may not be mentally ready for retirement.Continue reading

5 lessons learned from actual retirees

elderly-looking-at-venice-beach-1364692

Experience is the mother of knowledge, the saying goes. In that case, a great way to learn about retirement should be to talk with those who have already retired. Recently, New York Life surveyed 500 retired octogenarians about what they had found. The results hold interesting lessons for all of us.Continue reading

5 ways to handle a surprise retirement

face-melt-1435665

Retirement often catches you by surprise. The majority of workers retire years earlier than they planned, surveys show. Health issues, caring for family members, and corporate restructuring are the top reasons that people end up leaving the workforce before they expected. Retirement can induce nervousness and stress even when you’ve planned for it. When it’s thrust upon you, it can leave you fearful, anxious, and possibly depressed. Early retirement isn’t a picnic, but with a few prudent measures it can be managed successfully. Here are some suggestions.Continue reading

Key to a fulfilling retirement

senior man

Do you want to have a satisfying and fulfilling retirement? Certainly, good health and enough money are crucial to making this happen. But equally important is what you do with yourself in retirement. A new report by Merrill Lynch shows that donating time and money in one’s later years is a major key to retirement happiness.Continue reading

Retirement planning with no children

seniorcouple4

If you’re single, or a childless couple, your retirement planning is greatly simplified, right? There are no kids, so you don’t have to worry about saving for college vs. saving for retirement, leaving an inheritance, and estate taxes. Not so fast, say financial advisors and people who have looked at the numbers. Retirement planning may be more complicated for singles than it is for couples.
Continue reading

Five retirement myths disproved by research

old-man

Nearly half of American workers don’t link their retirement plans to how much they have saved. The majority of retirees are satisfied with their lives and find it is easier than they expected to live comfortably in retirement. These are two of the surprising findings from a large-scale survey of recent retirees and soon-to-be retirees.Continue reading

Six reasons not to move after retirement

key-west-house

Although surveys find that a majority of people consider moving after retirement, only about 7 percent of older Americans actually move each year, according to a study by the Center for Retirement Research at Boston College. Here are six reasons why most homeowners choose to stay put.

Continue reading

The three phases of retirement

retired-and-relaxing

It’s no secret that people are living longer than ever before. That means a retirement that once lasted just a few years, could now last 20 years or more. Your savings and income must also last that long, because you certainly don’t want to outlive your money. But the experiences of retirees indicate that costs and spending change significantly during a multi-decade retirement. People’s retirement costs typically are highest for the first few years after retirement, then tend to taper down later, and finally level off or possibly increase (because of increased healthcare and assisted living costs). Here’s a closer look at the three main phases of a typical retirement.Continue reading

Will you be able to work longer if you want to?

business-timingMany workers choosing to delay retirement and keep working. In many cases this is out of necessity. Personal financial advisor Suze Orman has even recommended that people stay in their jobs until their late 60s. Employment also provides social contact, a sense of fulfillment, and the opportunity to remain productive. But recent research suggests that more positions are vulnerable to early retirement than previously thought.

Continue reading

Are you ready for retirement? Four questions to help you decide

retireeslisteningtomusic

Many people dream of calling it quits and starting the phase of their life called retirement. But retirees often find the reality doesn’t quite match expectations. In order to avoid unpleasant surprises, you’ll want to make sure you’re really ready for permanent retirement. Here are some questions to help you decide.

Continue reading

Nine things to consider when choosing a retirement location

usamap

Many retirees choose to move when they retire. Some stay in the same town and move to a smaller home, or a larger one. Some across the country to be closer to family or friends. And some move simply because a new environment better suits them. If you’re one of the footloose kind, how do you choose a place to retire? Here’s some advice.

Continue reading

Things you must do before you retire

seniorcouple3

Are you ready for retirement? While working forever might make the most sense financially, most people want to call it quits at some point and enjoy the things they really like to do. Here are some things you must do before you can safely leave the working world behind.Continue reading

Surprise! Sometimes retirement just happens to you

surprisedkidPicking the optimal retirement age is a complex balancing act among several factors. On the one hand, you want to leave the 9-to-5 life while you’re still young enough to enjoy your golden years. But you also want to make sure your savings are enough to last through your retirement and to fund the lifestyle you want. Statistics show the majority of workers retire much earlier than planned.
Continue reading

Four retirement myths you (might) think are true

retirement2For many people, retirement involves a plunge into an unknown realm for which they are not sufficiently prepared. Like every life transition, retirement goes much more smoothly with proper planning. Here are four misconceptions that many people have about retirement.

Continue reading