Retirement
A lot of Americans will never retire. But those who do retire may commit financially consequential mistakes that could negate having a retirement fund in the first place. Refusing to downsize your current lifestyle and finances is a good way to slowly waste away your retirement. For example, downsizing from a large house to a […]
Certificates of deposit (CDs) are a low-risk investment option that allows you to earn interest on your savings. CDs are offered by banks and credit unions and come in different types that vary in terms of their interest rates, minimum deposits, and maturity dates. Here are five types of certificates of deposit that can help […]
Even though we live in a world where forced retirement and ageism are a reality, it doesn’t mean that middle-aged and elderly people have no employment options. There are plenty of jobs that employers explicitly set aside or target older workers for hire. Here are five of those jobs. Platonic activity companions In the 21st […]
Some people say that retirement is not the end of a road but only the beginning of a new journey in life on a highway. However, if you aren’t careful with your life decisions before you enter elderly age, retirement may become a road to nowhere for you. The typical American retires by the age […]
Should you pay off you mortgage before retiring? Only if you want to actually enjoy retirement. A study for government mortgage buyer Fannie Mae showed a growing number of elderly people are carrying mortgage debt over into retirement. According to the report, more than half (51%) of baby boomers between the ages of 65 and […]
Time should be used as a tool, not a crutch. If you are planning for retirement, you don’t have a second to lose, especially if you are middle-aged. The typical retirement age is 63. If you are fortunate to be healthy, you might live for a long time. The average person is lucky to live […]
Living on a fixed income can be a challenge for most retirees. Data shows that the average 65-year-old in the U.S. can expect to live for another 20 years and one in three people above the age of 65 are likely to live to the age of 90. Fortunately, there are a number of places […]
The cost of living is very high for retirees on a fixed income. And retirement can be a very expensive proposition if you have no savings or plan. Consult a retirement specialist to discover if you have viable options relative to your circumstances. But here are five ways to incrementally and cheaply start your retirement. […]
It is said that retirement is a lifelong journey and not a destination. For many aspiring retirees, it may be a road to nowhere. Over 22% of Americans have less than $5,000 saved for retirement. Many have nothing saved. Here are five moves you must make before retiring — the sooner the better. Develop a […]
A growing number of seniors finding jobs are doing so by joining the gig economy. According to a 2017 Prudential Financial survey, around 31 percent of gig economy workers are baby boomers, and 34 percent of those workers are retired. The flexibility offered by contract jobs is attractive to retirees, allowing them to set their […]
