Guest post by Louise Procter

Retirement can be a lifestyle game changer. Most people work hard their entire lives and dream of the day they can finally retire. And so they should; retirement is a well-deserved reward for a life’s hard work. Some people find themselves running towards the goal with fierce determination, while others may crawl and collapse across the finish line. Either way you’re here and well done!

Hopefully, you have spent some time thinking about how you will spend retirement. Even if it’s just a few glimpses and daydreams here and there, chances are you’ve got a bit of a plan.

But what happens when those plans clash with your significant other’s?

...continue reading "What to Do When Your Plans for Retirement Aren’t Anything Like Your Partner’s"

Guest post by Riya Sander

During the early years of working, you probably viewed retirement as a far-off dream. As retirement looms closer, however, the thought of leaving behind the familiarity of work can raise questions about your readiness. As you are planning for your retirement, you might be asking yourself the following questions. Luckily, we have answers.

...continue reading "6 Questions That Will Help You Get Ready for Retirement"

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If you hope to remain in your current home, it helps to anticipate future needs.

Among the most popular features of retirement websites are the articles and lists of top places to retire, domestically and internationally, which tempt you with new possibilities for exciting, exotic, yet affordable places you can live after you retire.

While it’s fun to imagine what living in those places would be like, most people don’t actually follow through. According to an AARP study on aging in place, nearly 90% of people over 65 want to stay in their home for as long as possible, and 80% believe that their current residence is where they will always live.

Just as there are good reasons to move after you retire, there are several compelling reasons to stay right where you are. You may love your current home and have a strong emotion connection to it. Perhaps you want to remain close to your network of family, friends, and support systems rather than start over with making new friends, learning a new area, and finding new doctors and other service providers. If you are planning to start a business, you will need the network you have built up over many years. Sometimes moving is not financially feasible. Or perhaps it boils down to inertia and it’s easiest just to stay put.

If you want to remain in your current home for the rest of your life, here are several considerations that will help you decide whether this is the best choice for you.

...continue reading "8 Issues You Must Address if You Plan to Retire in Place"

You can take action now to help ensure that you will have the support you need later.

The number of senior citizens who are single, isolated, and who lack a support system to help them deal with health issues and day-to-day living activities has been increasing, prompting the geriatric care industry to coin the term “Elder Orphan.”

Many factors contribute to the increase in Elder Orphans. People are living longer. Marriage rates in the U.S. have been declining for several decades. More couples are choosing to remain childless, and those that do have children are having fewer of them. As mobility has increased, more families have become dispersed as children moved away from home to pursue careers or as parents retired to warmer locales.

These changing demographic trends are aligning to create a perfect storm for an increase in senior isolation and a greater need for a network of caregivers that comes from outside the family.

Here are seven steps you can take to ensure that you will be better prepared and receive the assistance you need when your ability to live independently decreases. If you have older family members and friends, you can encourage them to take these steps and offer to assist them if appropriate.

...continue reading "7 Steps You Can Take to Avoid Becoming an Elder Orphan"

The internet is awash with advice from retirement planning experts. Interestingly, many people who write retirement advice haven’t retired yet or are relatively recent retirees (like me). Plus, much of the advice you read comes from financial planners. That’s important, of course, but as you know, there’s more to a happy retirement than simply saving enough money.

Wouldn’t it be great to receive advice from some older, more experienced retirees who have spent many years living through the experience?

Recently, I had the opportunity to query some residents of Wake Robin, a life plan community in Shelburne, VT, through Wake Robin’s publicist, Charlotte Longley Lyman. I asked the residents questions such as “What advice would you offer to someone who is preparing to retire now?” and “What was the number one thing you wish you had done when starting the retirement process?”

Here are eight bits of sage advice compiled from their answers. Most of this advice is not ground-breaking or new – you’ve probably heard most of it before. But it’s good to have this advice validated by people who have been there and done that.

...continue reading "Experienced Retirees Share Valuable Advice for a Better Retirement"

After you retire, your daily life will change in more ways that you probably imagine. There are many changes you won’t realize until you experience them, but forming a clearer picture of your values and how you want to live your life after you retire will help you make better plans and adapt more easily to the changes retirement brings.  It will also give you a clearer picture of what you can look forward to.

The questions that follow will help you sort these things out. If you’re married or partnered, these are good conversations to have together.  You shouldn’t assume that your spouse wants the same things you do.

...continue reading "18 Questions to Ask Yourself and Your Spouse Before You Retire"

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During your working years, you may have rarely thought about your retirement. When you did, you probably had only a vague, general notion of what your retirement would be like. For many years your retirement probably seemed so far off that you could easily postpone learning, planning and saving for it. As a result, you may have some misconceptions about what retirement is really like, both financially and in terms of your post-career lifestyle.

Here are eight common retirement myths, followed by the reality that belies each of them.

...continue reading "8 Retirement Myths Debunked"

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It’s good to live in the present, but it’s also important to have things to look forward to.
It’s good to live in the present, but it’s also important to have things to look forward to.

If you’re still five, ten, or even twenty years away from retiring, then what you will do after you retire might be the farthest thing from your mind. You’re busy and have your career to focus on. If you still have kids at home, it’s all you can do to keep track of all their activities and needs. Maybe you dread growing older and you would rather not think about being retired until the time comes.

Here are five reasons why you shouldn’t wait until you retire to figure out what you’re going to do with your life after you end your career.

...continue reading "5 Reasons to Plan Retirement Activities Before Leaving Your Job"

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It’s easy to imagine all the things you want to do, but harder to commit to doing them.
It’s easy to imagine all the things you want to do, but harder to commit to doing them.

Do you have a bucket list? Hopefully, you have envisioned your retirement as a time to try new things, travel to places you have always wanted to go, and do the things you didn’t have time for during your working years.

But will you actually get around to doing any of those things on your list? It’s easy to get consumed by the routine of day-to-day life, even in retirement. Before you know it, years will have passed and those items on your bucket list will still be just dreams for "someday."

Here are five steps you can take to help you achieve the items on your bucket list and enjoy the fulfilling retirement you deserve.

...continue reading "5 Steps to Accomplishing the Things on Your Bucket List"

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The allure of retiring to another country can be tempting, but proceed with caution.
The allure of retiring to another country can be tempting, but proceed with caution.

If you have traveled internationally, you have probably visited charming, exciting places and thought about how great it would be to retire there. You may be motivated to stretch your retirement dollars in a place with lower cost of living and cheaper health care. Maybe you want to enjoy your leisure years in a locale with a warmer climate and breathtaking natural beauty. Perhaps you are ready for a new adventure and the opportunity to discover new lands and experience new cultures. Or maybe you are formulating an escape plan in the event your least favorite candidate makes it into the White House.

Whatever your motivations are, if you are considering retiring to another country, here are twelve factors to research and consider before you start packing.

...continue reading "12 Questions You Need to Answer Before Retiring Overseas"