Simple ways to cut costs in retirement

credit-card-billMany people are finding, to their dismay, that they don’t have as much saved for retirement as they think they’ll need. The prospect of running short of money in your old age isn’t a pretty one. The good news, however, as we stated in a previous post, is that many retirees are finding they aren’t spending as much as they thought they would, but are still enjoying a satisfying retired life. Chances are, this may be you as well.

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Claiming Social Security early without a penalty

social-security-application-formEveryone knows you can’t have your cake and eat it too. But when it comes to Social Security retirement benefits, maybe you can. Current Social Security rules allow you to apply for benefits early without taking a financial hit.

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Three simple things you C.A.N. do to eat healthy

fruit basketIf you want to eat healthier, researchers at Cornell University have identified three simple steps you can do to make it easier. While eating healthy foods is largely a matter of personal choice, just a few small changes can make it part of your routine.

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Just a little exercise may be all you need

3-men-joggingYou’ve heard countless times about the health benefits of regular exercise. And not just a leisurely stroll around the block – some previous studies of walkers and cyclers have found an association between regular, strenuous exercise and long-term health and longevity. The more intense the exercise the better it is for you, these studies suggest.

But for those whose idea of fun doesn’t include pounding the pavement until they’re out of breath, here’s some good news. A recent study on runners by researchers in Denmark found that a slow to moderate pace is associated with the lowest risk of premature death.

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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.

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How much retirement income will you need? Maybe less than you think


The “eighty-percent” rule is a widely quoted rule of thumb for estimating your retirement costs. It says that after you retire you’ll need to have about 80% of your pre-retirement income in order to maintain your standard of living.  This is a “textbook” number that financial advisors often use when advising clients about preparing for retirement, such as how much to contribute to their retirement plans. But recent studies indicate many retirees are spending much less.

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Five ways to take charge of your retirement

billsandchangeIncreasingly, workers are left to their own devices when it comes to retirement. With the demise of corporate pensions for all but a lucky few, the vast majority of workers are left on their own in planning for retirement. Even if you have a pension, you don’t necessarily want to count on it, or Social Security, being there or being enough to meet your living costs. It’s best to keep your retirement in your own hands. Here are five ways to do that.

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


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.

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10 simple ways to help extend your life

longevity2Average life expectancy in the U.S. has been rising steadily and is currently 78.8 years. But what if you want to increase your personal life expectancy? We all know some keys to a longer, healthier life: regular exercise, eating more vegetables, going easy on the sodas and junk food, and avoiding tobacco products. But research has indicated some other behavioral things you can do to help add more years to your life. Here are ten simple physical, emotional, and psychological changes that, if made on a daily basis, could give you a longer – and happier – life.

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Want an annuity but don’t want to tie up the cash? Try this


You may be familiar with annuities. Since fewer employers are offering retirement pensions nowadays, annuities are a way of creating your own retirement income. But if you’re concerned about tying up a large sum of money in an annuity contract, and are willing to forego an immediate payout in return for a larger payout later, a deferred income annuity might be the answer.

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Nine things to consider when choosing a retirement location


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.

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Things you must do before you retire


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

One of the best things for your health

toothbrushThe health of our teeth and gums is directly connected to the health of the rest of our bodies. Poor dental health impacts overall health and increases the risk of diabetes and heart disease.

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Would you want to live to your 100th birthday?

elderlybirthdayA common conception of a person who lives to be very old, is someone hanging on to life, but disabled if not bedridden, in constant discomfort, and having lost most of their mental faculties. Current research, however, is showing this to be a misconception.Continue reading

Want to know your risk of death within five years?

mortalityIf scientists developed an easy, reliable quiz that assessed your chance of dying in the next five years, would you take it?

Researchers in Sweden have produced a free, online quiz that they say determines with 80 percent accuracy the probability of dying in the next five years for men and women age 40 to 70. There’s a separate quiz for men and for women; each consists of about a dozen simple, straightforward questions. Continue reading