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Working after retirement – a big reason to do it (besides money)
True, a lot of people who retire from a main career find part-time (or even full time) work to supplement their retirement income, and that trend is increasing every day. But aside from the money, there are considerable psychological advantages to…
Lots of options for shoring up Social Security
The Congressional Budget Office (CBO) has offered about 3 dozen options for restoring Social Security to long term solvency, ranging from raising the full retirement age, to reducing benefits. But only a few of these will have a major positive…
Social Security benefits update, plus a COLA outlook
Social Security’s full retirement age is gradually increasing, which affects benefits for those considering retirement today. That means it’s a good time to review the fundamentals of Social Security retirement benefits, and this article by Ralph Smith at fedsmith.com does just…
Seniors who exercise have fewer fall-related injuries
It’s no secret that as people age they become more vulnerable to falling and suffering the often-debilitating consequences of that fall. But regular exercise can go a long way to strengthening muscles and improving balance, thus helping senior citizens avoid…
Senior healthcare: A new approach is needed
Though America’s healthcare system is among the best in the world, a more holistic approach to senior healthcare could avoid many of the problems our aged population face today. What that means is senior healthcare should transition to a mixture of both…
Why so many people aren’t saving for their retirement
Everyone knows that saving for a future retirement should always be a priority if you want to live your golden years in at least some level of comfort. But unfortunately, too many Americans find themselves with little or no savings…
Retiring early is possible with the right strategy
Although the average American retirement age is 63, there are some who have taken a very aggressive approach to retirement planning and are positioned to retire much earlier. It’s certainly not easy, but as this CNBC article by Kathleen Elkins…
Look at Social Security as only part of your retirement income.
Social Security was never meant to be a retiree’s primary source of income, but waiting as long as possible to begin collecting will definitely give you the largest benefit. But does it make sense to wait and get the extra…
Being thrifty with money is a good thing, but don’t let it rule you.
We are all a product of our upbringing and the experience of our younger years, and if being poor in your youth has turned you into an adult penny pincher, you’re certainly not alone. Many entering retirement today have, over their lifetime,…
Baby boomers new retirement reality: Being frugal is a must.
Including the “great recession” of 2007-2010, the economy has suffered a several major setbacks over the last few decades. And with today’s baby boomers looking to enjoy as much as 30 years in retirement, chances are another financial crises will be in their…