And You Will Retire

NOTICE:

Effective June 4-8th week there will be no new postings. You might have already seen a slowdown in this blog since the last week of May 2007 – it is all related. I am in the process of moving all my accounts to a new host provider this week (MidPhase) and there may be times during this switchover that this site may not be accessible. I assure you that this will be temporary, and I will take all the efforts to make this transition go as smoothly as possible. I’m giving myself the entire week for this move and the switchover basically, because I’ve got a lot of blogs to be moved! I apologize for any inconveniences in advance, and hope you please bear with me during this time.

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By Robert Cavanaugh

As Father Time marches on, the question of what to do with the home becomes a greater concern. In some cases, ruminating on the alternatives can dominate one’s thinking. If a person is aware of the various options and chooses a path that makes the most sense, peace of mind can often be the result.

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By M.J. Joseph

Although you no longer have to worry about going to work every day, you can still find many ways to keep yourself busy. Many people think that once they retire, they will be bored because they are used to working every day. However, there are many different activities that you can get involved in once you are retired. Here are five things you should do after you retire:

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By M.J. Joseph

When deciding on a retirement community for you or a loved one, there are many factors to take into consideration. Where do you want to live? What type of community do you want to live in? How much can you afford? Here are several of the many important questions to ask yourself or your parents when trying to decide on a retirement community.

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By Tim Gorman

The word retirement is accepted favorably by some and with trepidation by others. It means one thing to you and probably something completely different to your neighbor. Some people look forward to pursuing new hobbies or interests while others look forward to relaxing. Regardless of what retirement means to you, one thing always holds true – you need a retirement plan if you want a secure retirement. You need some retirement planning advice.

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By Jeffrey Hauser

I was incredibly lucky. I was hired on to a major corporation at age 30 and worked for 25 years. They offered a buyout to anyone with 25 years service and who also reached the age of 55. It was a lump sum offer equal to 3 years income. Now that may not sound like much, but without revealing the actual offer, with conservative investing it would reach a million dollars in 10 years. So, at age 65, I could draw social security and have a $50,000 a year income with a five percent investment strategy. Not bad considering also I have no mortgage or other payments. But, let’s go back a few years to the summer of 2004 when that event occurred.

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By Will Robins

One of the unavoidable facts of aging is that the bodies gradually lose the faculties which enabled us to live independently and take care of ourselves they way we could when we were younger. Memory lapses, decreased hearing and vision, and loss of cognitive ability may affect us so that we require help, either from family members or from assisted living services.

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By: Obinna Heche

When you are dealing with a home business, you might find that some of your finances are run a little bit differently. For instance, you might not have a retirement account with your home business like you would if you were working for a company that set one up for you automatically. This might be fine if you are only running your home business for a few years and then planning on going back to work but if you want this home business to be what you are doing for the rest of your life, it is going to be very important that you save for retirement.

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I have been posting around the week of the 10th of each month a “THANK-YOU” post, like this one, to all the advertisers from the previous month listed as at month end. That’s a permanent link in this blog, under the category heading which I call .. “Sponsor Appreciation”. I know it’s hard out there trying to figure out where to spend your advertising dollars .. and well .. THANKS for considering the And You Retire blog.

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By Barry Waxler

Planning your financial future may not sound like the most glamorous of things, but it can make a huge difference. The key is to understanding the value of time.

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By Priscilla Parham

As I go about my typical day I can’t help but notice increasing numbers of people over the age of 60 still in or returning to the workforce. At 11pm the toll booth operator, at 1am the early morning cashier at Kroger, the other day my pizza delivery guy, all seniors, still on the job for various reasons. I sat down and pondered, “What’s it like to have to reinvent yourself after you have reached your sixties?”

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By Kelly Howe

Millions of people work hard all their lives. They support their families and have a very comfortable life. If the unfortunate happens, and you become ill or unable to make financial decisions for yourself, a living trust may be an option worth investigating.

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By Paul Christos

The amount of credit card and auto loan debt carried by the average US Household is a staggering $18,500 to $23,500 per household. At 6% interest, $20,000 of debt accrues approximately $1,200 per year or $100 of per month of additional debt. The worst part about carrying this much consumer debt is that there is no intrinsic value in carrying it. This is “Bad Debt” because the interest paid on it can not be itemized as a tax deduction on your income taxes each year. Mortgage interest expense (“Good Debt”), as an example, can be itemized and taken as a deduction on your tax returns. As a result I have made it my personal obligation to minimize this type of debt as much as humanly possible. I am a realist and recognize that different situations require different financial measures. So, I am not agnostic to the fact that, for certain households, taking on consumer debt is a practical necessity and enables day-to-day survival. What I would like to do with this article though is to provide some advice based upon my experiences and some practices that I have adopted over the years to help eliminate “Bad Debt”.

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By Martin Sumner

Being severely in debt can be one of the most stressful situations we can find ourselves in within our everyday lives, and in recent years thousands upon thousands of us have begun to find our debts turning into a problem. Maybe your debts have simply got out of hand, with the repayments finally getting too large to handle comfortably, but a more common scenario is that a change in your financial circumstances or employment means that previously manageable debts are now no longer so easy to bear.

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By Jeffery Voudrie

Everyone would love to retire early, but they also desire to be free from the fear of running out of money. Changing your attitude toward investing and the approach you take will help you accomplish both. Read on to see how you can retire years sooner and make you money last decades longer.

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