For many baby boomers, being retired doesn’t necessarily mean never working again. A growing number of retirees are choosing to start their own business.
According to the Ewing Marion Kauffman Foundation, a leading researcher on entrepreneurship, more businesses are started by people ages 55 to 64 than by those under 25.
While it is often difficult for older job applicants to get hired, you are much less likely to be hindered by age or gender discrimination when you are your own boss.
The business you start after you retire can be anything from a small enterprise that will bring in some extra spending money to a full-time company. Three types of businesses that are popular these days include service providers, web-based companies, and consulting services.
...continue reading "How to Succeed as an Entrepreneur After You Retire"
Most people anticipate a retirement filled with travel, fulfilling leisure activities and fun times with friends. But for some retirees, especially those who are older and less able to participate in an active lifestyle, retirement can become a time of isolation and loneliness. Fortunately, a growing body research suggests that owning a pet can be a delightful solution to many of these issues.
There are at least five benefits to owning a pet.
...continue reading "5 Ways Pets Can Add Love to Your Retirement"
One of the greatest benefits that retirement provides is the opportunity to choose where you want to live. You no longer need to be concerned about living close to where you work. Instead, you can choose to live in a place that offers the climate and surroundings that will enable you to enjoy your retirement to its fullest.
Many of the criteria you will use to select your ideal retirement location are obvious, such as the cost of living, taxes, safety and climate. However, there are many other important criteria to consider that might be less apparent.
Here are ten important qualities you should evaluate when you are looking at potential retirement destinations.
...continue reading "10 Essential Considerations for Deciding Where to Retire"
When you retire, a wide array of new possibilities becomes available to you. You have the opportunity to create a life that’s determined by your interests, desires and priorities, unencumbered by the constraint of having to earn a living.
Yet many people don’t take advantage of the possibilities that retirement offers. They just continue with their daily routine, minus the job.
Here are nine suggestions for how to get the most out of your retirement years. Most of them cost little or no money; they just require some effort, new habits and positive attitude adjustment.
...continue reading "9 Ways to Maximize Your Retirement"
As you get older, doesn’t it seem as though time passes faster and faster? That’s the perception most of us have, although intellectually we know that time passes at exactly the same speed.
But perception counts for a lot. And based on that perception, twenty years of retirement will seem to pass much more quickly than the first twenty years of your life or any twenty-year period of your working career.
Why does time seem to pass at an ever-accelerating rate?
...continue reading "How to Slow Down Time and Maximize Your Retirement"
Your retirement presents you with the opportunity to truly live your life on your own terms. You are no longer bound by the constraints of your job. You are now free to do the things you have wanted to do for years, limited only by your available resources and your mobility. It would be unfortunate to reach the end of your retirement journey, only to have regrets for the things you could have done, but didn’t.
With a little thoughtfulness and planning, you can avoid these twelve regrets during your retirement.
...continue reading "12 Regrets You Can Avoid in Retirement"
Many retirement articles have been written about all the wonderful things you can do with the free time you will have after you retire. Once you leave work, you’ll have more time to travel, volunteer, take courses, play golf, enjoy hobbies and so much more. The possibilities seem endless. All of these articles talk about everything you can add to your life.
After adding many of these things to your life, you could easily find yourself busier than you were during your working years. But filling your life with busyness probably won’t make you happier. In fact, it could leave you more stressed out.
As it turns out, your happiness in retirement could be determined as much by what you remove from your life as what you add.
Here are four things you could eliminate from your life to be happier in retirement.
...continue reading "4 Things to Eliminate From Your Life for a Happy Retirement"
Many people move to a smaller house at some point after they retire. Downsizing might make sense for both financial and logistical reasons, but it might not be an advantageous choice in every situation. There are many factors you should consider in order to decide whether downsizing is right for you. Here are some of the pros and cons of moving to a smaller home.
...continue reading "How to Decide Whether Downsizing is the Right Choice for You"
For over 60 years, millions of retirees have chosen to move to age-restricted active adult communities where they can live out their remaining years surrounded by golf courses, swimming pools, organized activities and – perhaps most important – other retirees.
Many people are drawn by the appeal of living in a safe, leisure-focused environment that is isolated from many of life’s realities, such as rush-hour traffic jams, undesirable neighborhoods and families with children.
Although many active adult communities are located in warmer states such as Florida, Arizona, and the Carolinas, they may be found throughout the United States and in some foreign countries.
While the lifestyle and amenities that age-restricted active adult communities offer are a good fit for many retirees, these places are not for everybody. If you are considering moving to a retirement community, here are ten questions you must consider before you put your house on the market and start packing.
...continue reading "10 Factors You Must Consider Before Moving to a Retirement Community"
When it comes to selecting a highly desirable retirement destination, Lesbian, Gay, Bisexual and Transgender (LGBT) people have a few additional criteria to consider than do most Americans. In addition to considerations such as low cost of living and low taxes, LGBT people tend to value cities with strong LGBT communities, higher levels of acceptance and the presence of non-discrimination laws.
Cities that are most famous for their prominent LGBT communities, such as New York City, San Francisco and Los Angeles, are also very expensive. LGBT baby boomers who want to stretch their retirement dollars farther would do well to consider these cities that offer lower cost of living, cheaper real estate and lighter tax burden, but still have thriving LGBT communities. These cities are excellent retirement choices for non-LGBT people as well, because cities where LGBT people enjoy greater acceptance tend to be more welcoming of all types of diverse people and offer plentiful art and cultural amenities.
...continue reading "10 Best U.S. Cities for LGBT Retirees"