A key to an emotionally happy retirement involves finding ways to spend your new freedom. Consider a hobby to give you a sense of purpose, meaning, and new social interactions to ward off boredom, loneliness and depression.
read more »
Female respondents in a survey expressed greater excitement about retirement, compared to men. They see it as a liberating phase, with new opportunities to focus on themselves, develop new interest, and spend time with loved ones. Maintaining health during aging is also highly important to the women surveyed.
read more »
Seniors are outpacing teens in fast food jobs. The part-time work supplements insufficient retirement savings and provides seniors with a purpose and valuable social interactions. Employers also prefer seniors over teens as they are more responsible and reliable.
read more »
Too much leisure time in retirement can lead to boredom and isolation. Consider volunteering to support a meaningful cause and to enrich yourself emotionally and physically during retirement.
read more »
Moving to a small town for retirement may seem ideal, but it’s not always a good option. Drawbacks include distance from hospital and care facilities, isolation, limited opportunities for senior activities, and limited public transportation options.
read more »
Thanks to rising healthcare costs, increasing lifespans, growing debt, stagnant wages and cuts to federal programs, senior bankruptcy filings are way up, a new report shows.
read more »
Many investments appear promising at first but can actually wreak havoc on your future. Avoid these tempting investments to protect your portfolio and retirement security.
read more »
If you’re retiring with debt, consider taking these steps to manage your finances and payoff debt: refinance, downsize, consolidate debt into a zero-transfer credit card, delay retirement by a few years. And meet with a trusted financial advisor to develop a plan moving forward.
read more »
A happy retirement takes work! Build a sold nest egg, take charge of your health, and develop strong social relationships to create a financially stable and emotionally rewarding retirement for decades.
read more »
As you age, certain costs increase. Your retirement expenses should include increasing medical costs, transportation fees, housing expenses including maintenance costs, and travel and leisure activities.
read more »