Investing in stocks is a great way to grow wealth for the future. But savers are often advised to shift some of their assets away from stocks and into bonds once retirement rolls around. The reason? Stocks are very volatile, and while keeping some stocks around during retirement is a smart move, seniors should also [...]
Will your retirement dreams match your reality? That’s perhaps the most critical question to ask people who are currently retired. Is your retirement what you expected, or is it something else? For more than 30 years, the Employee Benefit Research Institute has conducted the Retirement Confidence Survey, which gauges the views and attitudes of working-age [...]
For retirees, volunteering is a major source of satisfaction (see The Virtues of Volunteering). But you’re also involved in other activities that are just as rewarding. In fact, many of you have found your sense of purpose in going back to work—sometimes as an extension of a long career and sometimes in a brand-new role. For some [...]
If you have arthritis pain, exercising might be the last thing on your mind—but regular exercise can not only improve your symptoms, it can also help prevent future pain from occurring. That's because pain and lack of movement work in a cycle—one can cause the other.
Affordable health insurance is one of the biggest obstacles preventing people from early retirement. The health insurance gap from retirement to Medicare starting at age 65 can be expensive for those who do not have retiree health insurance provided to them by a former employer. The reason health insurance is frequently expensive for many people [...]
Many people work hard for the majority of their life in order to reach a retirement where they can relax, travel and find time to do things that they truly enjoy. Everyone has different goals for retirement, and nobody knows how long they will live, so how much do you need in order to live [...]
Nothing feels more deflating than having to pay taxes on every penny you've ever saved and invested. If you have the wherewithal to think about how you'd like to receive your retirement income in advance, good for you. It'll benefit you down the road, big time! Let's take a look at a few foolproof ways [...]
The COVID-19 pandemic hit hard in early 2020, and it continues to remain top-of-mind in 2021. Whether you’ve just recently retired, or it’s coming up in the next few years, it’s likely the virus has brought about some financial uncertainty regarding your readiness for retirement. Before making any sudden changes, it’s important to remain rational and avoid [...]
While staying safe at a gym took on a whole new meaning during the pandemic, if you're thinking about getting back to a fitness regimen this summer, you'll be wise to consider the more pedestrian dangers involving treadmills and bench presses — especially if you're over 50. Exercise-related visits to the ER topped 107,000 for those [...]
One of the biggest perks of getting older is that the price of just about everything drops. Seniors are eligible for discounts on stuff and services of all kinds — and their health and fitness is no exception. A few big health club chains offer discounted memberships directly to seniors, but it’s actually quite rare. Many others, [...]