Retirement is the golden age after our career. However, the term retire has taken on a different form, especially for those who reach financial independence. Retirement more or less now means “career change.”
With the cost of living going up and the minimum wage going down, the number of poor retirees is on the rise. Workers can barely stick their necks above the waters, and people are forced to retire poor. The situation is common, although this is more prominent in some countries than others. “Money is not …
According to the Center for Retirement Research, at Boston College, 42% of men and 48% of women claim their Social Security benefits at age 62, the soonest they can apply. But is that a wise thing to do? In some cases, yes. In other cases, no. Here I’ll offer the top 4 reasons to delay …
4 Reasons to Delay Claiming Social Security Benefits Read More »
One of the top questions I hear and read about is some version of, “how long will my money last?” In most cases, people are concerned about running out of money in retirement. With so many people retiring early these days, it’s a legitimate concern. Money doesn’t need to last longer because we’re retiring at …
Are you a retiree but still want to work? Retirement and the concept of transitioning to the next phase of life are undergoing reevaluation. People either delay their retirement to a later age or “retire early” after finding financial independence through the FIRE movement. Both can be excellent options. When it comes to retirement, no …
Saving for retirement is one of the most important financial goals there is—but it isn’t always easy. Even with the best intentions, it can be difficult to discipline yourself to put money away for a nebulous “someday,” especially when you’re busy trying to make ends meet now. But there are plenty of ways to save …
Around 64% of Americans have not saved enough for retirement, and about half of those individuals may have nothing set aside when they reach retirement age. The pandemic worsened some grim statistics from a recent GoBankingRates survey. Many people lost their jobs and are months behind on bills. With such a large percentage of Americans …