It's fun to think about where you want to retire. Once you no longer have your job tying you to a particular area, there's no reason not to relocate to a place that's more to your liking. Perhaps you want to move someplace warmer, closer to the water or where the cost of living is lower. But with so many factors to consider, choosing a place that's right for you can quickly become overwhelming.
In a poll of readers of this website, these ten factors emerged as the top criteria for choosing a good retirement location.
You have probably been anticipating your retirement for many years. Perhaps you’ve entertained some general ideas about what your retirement will look like, but you’re not sure what your day-to-day life will be like once the big day comes to pass.
Despite your years of anticipation, you may be surprised by what it’s really like to wake up and have no job to go to. You will find that your life will suddenly be different in more ways than you might ever have anticipated.
At first, this may seem like a rhetorical question. After all, you won’t have to work anymore! You will no longer have to deal with pressure, deadlines, performance reviews, demanding customers, or annoying co-workers. You can shut off the alarm clock and get up when you want. And best of all, no more boss! (Well, except maybe your spouse.) Why wouldn’t you be happy after you retire?
As it turns out, enjoying a happy retirement does not automatically happen when you kiss the old job goodbye. Not surprisingly, it takes more than simply saving enough money.
While what makes you happy is as individual as you are, these five tips will enable you to make good lifestyle choices and approach retirement with the right frame of mind to truly be happy after you retire.
One of the nicest rites of passage when someone wraps up their working career and transitions to retirement is the retirement party. If you have been given the opportunity to help plan a retirement party, here are some suggestions to create a send-off that the retiree will appreciate and remember.
This is probably one of the most significant questions facing workers approaching retirement age, and it's not simple to answer. Some experts will tell you that you will need 80 percent, 85 percent or even 100 percent of your pre-retirement income to live comfortably during retirement. Other sources report that you need some level of savings, such as $1 million, $1.5 million or eleven times your ending salary to be able to finance your retirement.
But the question of how much money you need to retire can't be answered by a one-size-fits-all formula. There are at least seven questions you need to ask – and answer – before you can determine how much money you need to retire.
Hopefully, that will allow this website to reach a much wider audience.
Under my agreement with them, I am allowed to re-post articles I write for U.S. News on this website four days after they are published there, so you will be able to read them on either site. This also holds my feet to the fire to write an article every week!
I grew up with U.S. News & World Report (the magazine). It was my parents' news magazine of choice. I subscribed to it for many years after I reached adulthood. They (and I) felt that it was more impartial, in-depth, and insightful than Time or Newsweek.
Never in my wildest dreams did I imagine that one day I would be writing for it. Of course, back then I couldn't conceive of the internet and web-based publications in my wildest dreams, either.
Look for my first article on the U.S. News "On Retirement" blog late next week (August 18 or 19), and on this website early the following week.
I started writing it while I was still working and contemplating taking an early retirement package which would have me exiting the workforce 3 1/2 years sooner than planned. Obviously, I took it.
It has been a fabulous journey (both writing the articles on this website and my retirement), but I'm not going to spend much time looking back. I'm looking forward! More on what's to come in a moment.
It’s not news to anyone that the people in the Baby Boomer generation, currently aged 52 to 70, are leaving the workforce and entering their retirement years in larger numbers than ever before. An estimated 10,000 people turn 65 in the United States every day.
Among my circle of friends and former co-workers, I am seeing a dramatic increase in the number of people entering retirement. Many have been tempted by enticing early retirement incentives; some have been given the message that they really should take them. It’s as if they are being told, “Here, let me help you pack up your office. I’ll hold the door open for you!”
If you find yourself retired a little sooner than you had planned, you may not be quite as prepared, in both practical and emotion ways, as you would have been if you had retired on your own timetable.
If you are among the “suddenly retired,” or if you have recently retired by choice but somehow the big day crept up on you a lot faster than you expected, this article will help you with your transition.
You have probably been anticipating your retirement for many years. Perhaps you’ve entertained some general ideas about what your retirement will look like.
Despite your years of anticipation, you may still be surprised by what it’s really like to wake up and have no job to go to. You will probably find that your life will suddenly be different in more ways than you might ever have anticipated.
Welcome to this week's "Lifestyles of the Happily Retired" podcast! In this series, I chat with people who are reinventing themselves and living happy, fulfilling, and interesting lives during retirement.
This week's guest is Elizabeth Boatman
After retiring from her career as a banker, Elizabeth rediscovered an old hobby - photography. Now, she takes day trips from her home in suburban Los Angeles to discover interesting places and beautiful sights that most people are completely unaware of. She has launched a blog, NeighborhoodTravels.com, to share her photography and document her discoveries.
Sadly, Elizabeth's husband passed away about a year before she retired, so her retirement is different from the one she had envisioned for many years. Elizabeth shares her story about reinventing herself and adjusting to her new life, and offers some excellent advice for everyone who finds herself/himself newly single in retirement.