In May, 2019, Joan and Steve Reid, both 67, retired and moved from the affluent New York City suburb of Pearl River, N.Y., to the oceanfront community of Vero Beach, Fla. Their aim: retiring on a shoestring. It’s a goal many new retirees share, but one… Continue reading
Dire jeremiads about America’s looming retirement crisis are so common that it seems retirementcrisis is one word. The doom-and-gloom narrative goes something like this: Spendthrift Americans aren’t saving enough, so their living standards will plunge … Continue reading
Several months ago, a friend and I were discussing a mutual acquaintance from college. The woman had divorced her husband after 15 years of marriage and he was arrested for securities fraud shortly after. He subsequently went to prison. Our classmate c… Continue reading
If you’re passionate about helping children, there are many opportunities to do it in retirement. Spending time around young people can also make you feel younger and purpose-driven. Take a look at how the three people below are getting creative and cr… Continue reading
Women in their 50s who are at the most financial risk in retirement are those who are married and in two-income households. That’s the surprising news from a recent report on women and retirement from Prudential Financial. The finding is based on rese… Continue reading
It’s no secret that many boomers are struggling to save for retirement. The standard advice from financial experts is to keep working as long as possible and drastically cut back on your lifestyle. We think there’s an overlooked solution worth conside… Continue reading
If you’re looking for a way to earn money in retirement, you may want to check out Chris Guillebeau’s newest book, 100 Side Hustles: Unexpected Ideas for Making Extra Money Without Quitting Your Day Job. It’s a terrific read that tells the stories of “… Continue reading
For people nearing retirement or in retirement, every dollar counts and planning ahead is paramount. That’s especially true for taxes. Now that 2018 tax returns are behind us, this is an opportune time to look for 2019 tax savings strategies for reti… Continue reading
Finding a country or area where things are inexpensive isn’t necessarily about saving money. It’s about going somewhere your money will go further. Somewhere the cost of living is less than the United States but offers similar services and amenities. A… Continue reading
The first time Mary Hickey, 53, and her husband, Joe, 59, looked at a home in Sun City Peachtree, a development in Griffin, Ga., in early 2016, they didn’t realize it was an age-restricted community. But the more the accountant and human resources mana… Continue reading