When you have a limited budget, it can be hard to decide whether to save for retirement or an emergency. This is especially true when the economy is unstable.
Category: Retirement Plans
The Stress Of Retirement And What To Do About It
Many of us spend years imagining our dream retirement—traveling the world, spending more time with family and friends, pursuing hobbies like painting, gardening, cooking, golfing, or fishing, or simply taking it easy for a change. We often neglect the psychological effects of retirement while planning for its financial components.
Retirement: What is the safe withdrawal rate
The safe withdrawal rate (SWR) technique is a retirement spending plan that enables retirees to take funds from their portfolios while avoiding the danger of running out of money. Although imperfect, the safe withdrawal rate gives retirees a spending guideline.
Retirement Home or Village? Everything you need to know
Retirement homes and retirement villages have become increasingly popular options for older adults looking for a change in their living situation. There are various reasons why people choose to retire to a retirement home or village, and these reasons can vary based on personal preferences, financial considerations, and health needs.
Retirement Planning: How to Balance Debt and Savings
It is common for Americans to struggle with debt while saving for retirement. According to various surveys and reports, many Americans have an obligation that they are trying to manage while also saving for retirement.
Five Challenges You Need To Consider Before You Retire
Whether retirement is more than a decade away or just around the corner, you may face significant challenges that will impact your desired lifestyle. Learning more about these potential stumbling blocks and taking steps to mitigate their impact now could make the transition to retirement go more smoothly.
Poor Health May Force You Into Early Retirement, Before Applying Consider This First
Regrettably, only some people enter retirement in excellent health. When you’re in your early 60s, and you have several health problems, you may believe you won’t live very long, which may motivate you to file for Social Security benefits early.
Retirement Relocation: Unlocking a Wealth of Benefits
One potential benefit of moving after retirement is the ability to sell an expensive home, buy a less costly one, and pocket the difference between the two. Besides, you never know if that course of action won’t be more lucrative than you first anticipated.
Retirement Dilemma for Americans
Much of the enjoyment of future planning is daydreaming about retirement, especially as middle age progresses and work expectations diminish. Whether you have a family or a partner or just want to undertake life changes on your own, contemplating the possibilities of life after work is a significant aspect of approaching retirement.
Learn how Divorce and Social Security can impact your retirement income.
Remarrying and other life changes can add layers of complexity to the process of determining Social Security spousal benefits. Let’s look at a few illustrations.