Boomer Retirement

Approaching Retirement? 15 Things You’ll Want To Do When You Turn 55

It might seem like a long way off, but before you know it, you’ll be ready to retire. Even if you plan to work past 55, here’s a list of things you’ll want to think about doing so your Golden Years are a little less stressful Think about what you want your retirement to look like Do you want to stay in your home or live in a retirement community? Will you need long-term care? Where do you want to live after you retire? Do you have enough money invested to live comfortably for 15-25 years after you retire? Before …

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3 Great Tips for Managing Your Retirement Budget

How do I keep control of my finances in retirement? With new breakthroughs in senior healthcare happening with relative frequency, the average American life expectancy has likewise increased. Unfortunately, however, with this increase in life expectancy can often come a greater cost of living and higher medical costs. That’s why it’s so important to properly manage your available finances and income once you decide to hang up your uniform, work boots, business suit, or scrubs. In an effort to help you learn more about what you can do to manage your retirement budget, consider the following tips. 1. Put Together …

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What Are The Smartest Investment Options For A Retirement Plan?

Retirement savings are not the first thing most people think about in the early days of their careers. That’s a real shame because the earlier you start saving for your retirement, the earlier you can retire. Not only that, but if you get a great retirement savings account, you will earn even more in compound interests. But how do you identify the best retirement plans? In this article, I will take you through five top retirement plans. I will show you what makes them special and their possible drawbacks. Let’s get started. Smartest Investment Options For A Retirement Plan Here …

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Manage Medical Expenses in Your Retirement

Almost 80% of retirees in the US think that they will have enough finances to spend during their retirement. They don’t take into account the unexpected medical expenses that might come up in case of a diagnosis. This negligence may come up due to the central government policy to cover medical costs of elderly citizens. But there are some exceptions as the government does not fully cover the medical costs of the elderly and eventually places more burden on the retiree. Be prepared to plan your savings well before retirement. While it might be better to establish healthy habits early …

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7 Proven Tips to Plan Retirement Savings

After living a whole life of doing jobs, one waits for retirement to live a care-free life. But sometimes it poses more problems than one anticipates. This implies that a person should start saving up for their retirement from early on. Here’s how you should save up for your retirement to properly enjoy it.  1. Monitor Investments in Pre-retirement Avoid overspending before and after retirement so you don’t get short of it. If your retirement money is lost, it is significantly harder to recover. Once you get your pension, start looking for investment sources that give you monthly profits. One …

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Preparing for Retirement in Your Fifties

Ideally, by the time you turn 50 years of age, you should have money invested in a retirement plan and a savings account. If you own a home, you should be close to paying it off. Unfortunately, there are many people well into their fifties who have no savings or investments of any sort. In addition, they work full time and have accumulated debt, too. Thankfully, if this sounds like your current financial situation, there are still ways to put money away so that you can enjoy your retirement. Unload the Debt Since time is of the essence, the first …

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5 Reasons to Love Retirement

Retirement is a time for relaxation, reflection, and pretty much whatever you want it to be. It’s a time to pursue your passions, find out what you’re capable of, and enjoy a vivacious life as you cross from a young whipper-snapper into old age. While there are countless reasons to love retirement, here are a few of our favorites, in no particular order. It’s your party; You Can do What you Want To Once you’ve reached retirement, you’ve already put in your time. You did what you were supposed to and you played by the rules, so now it’s your …

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Are You Worried About Retiring?

All boomers are faced with the reality that retirement is coming. Even if you are ready or not. The below video takes a closer look at some of the realities that all boomers face: Do you have enough saved for retirement? How will I cope with retirement? What do I do after I retire? Check out the video to see if you can relate with this boomer and some of the questions he has about his retirement.

Doh! Avoid These Retirement Blunders

When it comes to planning for retirement, don’t pull a Homer J. Simpson “Doh!” moment and make a costly move. Unfortunately, when it comes to making key decisions for retirement, you only got one shot- so you better make it count! Don’t dismiss how much time it takes to plan a successful retirement. Some plan more on the annual family vacation that they do on retirement. Please don’t let this be you. Here are some of the more common mistakes people make when retiring and how you can avoid them. 1. Close Your Ears It’s not a bad idea to …

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Best Jobs for Retirees

Working with a retirement goal in mind is not always the finish line for many people today – about 20% of retirees. It is becoming increasingly popular to find some sort of flexible, part- time job to work in retirement. Most of these people are working because they want to – whether it is to stay busy and to feel useful, or because they want to have a little extra money. Only a small percent anymore work because their social security is not enough to cover their expenses. Many employers now hire part-time employees or even temporary workers. This is …

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