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I’m a Retirement Planner: 6 Ways To Avoid a Forced Retirement

Most people dream of retiring at the timeline of their choosing, without unexpected situations dictating when that is. While later retirements are becoming the norm, sometimes circumstances can set a person up to have to retire earlier than planned, considered a “forced retirement.”  Find Out: Retired But Want To Work? Try These 10 Low-Stress Jobs for SeniorsRead Next: 6 Unusual Ways To Make Extra Money (That Actually Work) Whether this forced retirement is due to job layoffs, illness or other possibilities, the last thing you want is to be financially unprepared for a retirement you didn’t plan on happening. To…

By Jordan Rosenfeld
on April 22, 2024
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10 Best Places in Texas for Couples To Live Only on Social Security

If you’re planning to retire in Texas and live off just Social Security checks, you may want to head for — or at least toward — the border. GOBankingRates has rounded up a top 10 list of Texas destinations that offer retired couples the highest livability on a Social Security-only budget. That’s about $3,580 a month, according to the Social Security Administration.  Be Aware: 6 Changes Coming to Social Security in 2024 and Who Could Be Affected MostFor You: One Smart Way To Grow Your Retirement Savings in 2024 Out of the 10 cities on our list, five are on…
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5 Reasons You Should Consider an Annuity For Your Retirement Savings

For many Americans, retirement savings begin and end with a 401(k) and/or an IRA.  But an increasing number of Americans are also diversifying their retirement savings to include another option — annuities. As GOBankingRates previously reported, sales of annuities rose by 22% from 2021 to 2022. And as of the second quarter of 2023, total retirement assets in annuities were around $2.29 trillion1. So what is an annuity? Annuities are insurance products that pay out a fixed amount of money in a series of payments. Their main function is to remove longevity risk for retirees, meaning they don’t have to…
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4 Money Splurges You’ll Never Regret in Retirement

Not all money splurges during your retirement are created equal. For retirees lucky enough to occasionally spend a chunk of money they hadn’t planned on spending, out of funds that may have been earmarked for elsewhere, it’s worth considering the “possible regret” factor. It’s also worth remembering that “splurging” is not inherently bad and can be a significant joy-booster during retirement, experts say. “‘Splurging’ gets a bad connotation,” said Tim Miller, a financial advisor with Quaker Wealth Management. “You could view it as smart expenditures.” See Next: Cutting Expenses in Retirement: 6 Home Items to Stop BuyingRead More: One Smart…

Planning & Budgeting

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First Year of Retirement: 6 Easy Ways To Save on Groceries

Let’s talk about easy, practical tips for saving on groceries when you are in retirement. Not only can it be harder to adjust to a fixed income, but you might find that common grocery costs can sneak up on you during your first year of being a retiree. Lucky for you, you are not alone. Find Out: 7 Bills You Never Have To Pay When You RetireRead Next: 5 Genius Things All Wealthy People Do With Their Money If you are in your first year of retirement, check out these six easy ways to save on groceries. Meal Plan Are…

By J. Arky
on April 24, 2024

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This is One of the Best Ways to Boost Your Retirement Savings in 2024

Saving for retirement is one of the most important financial steps you can take, but many people are falling behind in this area. A 2023 survey from GOBankingRates found that more than half of Americans have less than $10,000 saved for retirement, while more than two-thirds have less than $50,000. Fewer than one in 10 (6%) have between $100,001 and $200,000. Those totals are well below what most financial experts recommend. By age 30, you should aim to have at least the equivalent of one year of your annual income saved up for retirement. After that, you should save three…
Mature middle-aged couple family wife and husband counting funds, savings declarations, investments,paperwork, financial documents, bankruptcy, court case, bills, pension with laptop.

5 Things To Do To Catch Up on Your Retirement Savings Fast

The long-term goal for any worker is to have enough money later in life to retire comfortably and not have to worry about running out of livable income. Retirement should be relaxing and not stressful, so having enough funding will take the fret out of financial decisions. If you feel like you might be falling behind and need to catch up on your retirement savings quickly there are several strategies you can employ to increase the amount of money you save each paycheck.  Check Out: Cutting Expenses in Retirement: 9 Things To Downsize (That Aren’t Your Home)Up Next: One Smart…
Mature couple drinking wine out on the deck.

3 Ways Upper Middle Class Retirees Stay Rich in Retirement

You spend your working years building wealth and putting yourself in a position to live a comfortable retirement. However, once you retire, it becomes less about building additional wealth and more about how to preserve wealth. Read More: A $150K Income Is ‘Lower Middle Class’ In These High-Cost CitiesCheck Out: How Much Household Income Will Be Considered Upper Middle Class in 5 Years? Here are four ways upper middle class people can build their wealth for retirement — and three ways to maintain the same status throughout retirement.  How To Build Wealth For Retirement When planning for retirement, your focus…

Retiring Abroad

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7 Vacation Destinations To Avoid on a Retirement Budget

One of the best parts of retirement is that it frees up time for travel and vacations. Now that you’re beholden to a nine-to-five job, you’re free to globe trot to your heart’s content. Your wallet, however, might feel differently.  Loads of popular vacation destinations aren’t worth the money on a retirement budget. Some of these places are far too expensive on a fixed income. Others are not easily accessible for those of retirement age. And some just aren’t worth going to on a limited budget. Find Out: Retirement 2024: These Are the 10 Worst Places To Retire in FloridaDiscover…

By J. Arky
on April 20, 2024
Happy handsome senior bearded man smiling while taking selfie picture with mobile phone and wearing eyeglasses outdoors.

Retiring Abroad? Here Are 3 Tax Implications for You To Know

Retiring overseas is a dream for many Americans, whether they are in search of new adventures, more exotic pastures or cheaper costs of living. Check Out: Retirement Living: These 3 States Are Too Expensive — Try These 3 InsteadTry This: One Smart Way To Grow Your Retirement Savings in 2024 And many of them are making the jump: USA Today reported that in 2022, there were 443,546 retired Americans receiving Social Security benefits while living abroad, according to the Social Security Administration — nearly double the amount from 1999 when 219,504 retired workers received Social Security benefits while living in…

10 Financial Risks and Rewards of Retiring Abroad

If your retirement dreams include making a home in a new land, you’re in good company. In the post-pandemic world, 12% of America now aspires to live abroad when they’re done working, according to the Aegon Retirement Readiness Survey 2021. Read: Jaw-Dropping Stats About the State of Retirement in AmericaFind Out: The Average Retirement Age in Every State While that might sound like a pipe dream for people who feel like they’re not even prepared to retire where they are, a little can go a long way once you leave the States. Many parts of the world allow you to retire comfortably…
Closeup front view of a senior couple having some drinks with a younger couple they met on a sailing cruise.

Some Retired Couples Live Cheaply on Cruise Ships — Is It Worth It?

Saving for retirement has proven difficult for many Americans lately, with inflation and soaring rates leaving little to put aside. In turn, only four in 10 adults report that they currently have retirement savings and only 21% say they have a retirement strategy, according to a recent New York Life survey. So it comes as no surprise that some retirees are looking for creative ways to spend their money in their golden years — and to be able to stretch their dollars further. Find Out: Here’s the Cost To Retire Comfortably in Every State by AgeFor You: Do This To…

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Estonia

15 Most Affordable Places To Retire Abroad

By John Csiszar
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7 Free Things To Do When You’re Retired

By Ashley Donohoe
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I’m a Real Estate Agent: 7 Places I’d Retire If I Had $1,000,000

By Jamela Adam
Daytona Beach Florida

25 Safest and Cheapest Cities To Retire in Florida

By Heather Taylor
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30 Cheap, Beautiful Places To Retire With Just $250K in Savings

By Jami Farkas
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10 Best (and Worst) Places To Retire If You Have No Savings

By Cameron Huddleston
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20 Best Small Towns Where You Can Retire on $3K a Month

By Jami Farkas
Iceland

Retiring Abroad: Top 3 Countries for Retirement Pensions

By Adam Palasciano

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Retirement Knowledge

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Americans Don’t Put Enough Toward Retirement: Experts Say This Is the Magic Number

By Adam Palasciano
Dave Ramsey

Dave Ramsey Says Take Social Security at Age 62, But Only If You Do This With Each Check

By Vance Cariaga
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6 Side Gigs That Can Help Boomers Quickly Catch Up on Retirement Savings

By John Csiszar
Modern married multi-ethnic young couple calculating financial bills at home.

3 Reasons Why You Should Decide Your Retirement Age in Your 30s

By Yaël Bizouati-Kennedy

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