Purpose and a Paycheck and the New Retirement

Small Business Labs

Purpose and a Paycheck is a new book from Chris Farrell, a leading expert on retirement and workforce issues facing people over the age of 50.    The book covers the "new retirement" This is the growing trend towards older workers delaying retirement and continuing to work, either in traditional jobs or by starting their own businesses. These stories include practical advice that anyone considering the new retirement will find useful.

Retirement

Laughing all the Way to Work

I haven't been posting in awhile as I have been considering retiring the blog. I will continue to write a few articles now and then, but have been spending more time on finalizing another book, giving webinars on minute taking and I would like to expand into other speaking opportunities where I feel my expertise can be used.

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Best Retirement Planning Advice Ever: Know Thyself

Entrepreneur.com

You may be sacrificing major retirement savings if you're not in the right ca. Did you neglect taking career assessments during high school or college? Finance

3 Top Stocks to Own in Retirement

Entrepreneur.com

Investors planning their retirement finances should benefit from investing in relatively less-risky equities, given the higher average returns than bo.

5 Tips for Better Retirement Planning

Small Business CEO

We all want to make sure that we are fully-prepared for retirement. While it can often seem so far away, retirement can soon come creeping up on you. So how can you plan for your retirement a little better? Finance retirement planning

More on the Changing Nature of Retirement

Small Business Labs

There's been a recent flurry of articles on retirement, mostly focusing on older people staying in the workforce longer than prior generations. An examples is Harvard Business Review's When No One Retires. Key quote: This societal shift will undoubtedly change work, too: More and more Americans want to work longer — or have to, given that many aren't saving adequately for retirement. A good example is the 2016 article For Boomers, Work is the New Retirement.

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Retirement Planning for Habitual Expatriates

Small Business CEO

All individuals need to plan and save for their retirement to ensure a secure and comfortable retirement. However, retirement planning becomes all the more necessary and complicated for habitual expatriates. Legal Management habitual expatriates retirement planning

The FIRE Movement (Financial Independence, Retire Early) and Independent Work

Small Business Labs

The New York Times article  How to Retire in Your 30s With $1 Million in the Bank nicely covers the " growing movement of young professionals who are intently focused on quitting their jobs forever." " It's called the FIRE movement and the acronym stands for Financial Independence, Retire Early. However, we didn't fully retire. Independent workers retirement self-employment trends

Half of U.S. Full-Time Employees Plan to Defer Retirement Due to Financial Reasons

Small Business Labs

It shows that 52% of the full-time employees surveyed said they plan to postpone their retirement due to their financial situation. We've long often covered the trend towards delayed retirement ( see our baby boomer section for many articles on this topic ). These are the people who should be the best prepared to retire.    And yet about half believe they're going to need to delay their retirement because they don't have the financial resources not to. 

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10 Retirement-Friendly Business Ideas for the Over 50’s

Entrepreneur.com

For them, retirement consists of sleeping in, lounging poolside, and. Some people dream of the day that they can wake up with absolutely nothing to do. Finance

Best Ways to Generate Tax-Free Income in Retirement: Think About This Stuff Now

Entrepreneur.com

Nobody wants to pay taxes on hard-earned income in retirement, including you. Here's what you can do to sidestep paying taxes in retirement. Finance

5 Retirement Savings Thought Traps (and How to Dodge Them)

Entrepreneur.com

It's easy to think, "It's too hard to save" or "I'll never be able to save enough" when it comes to retirement savings. Are you thinking some of these. Finance

The Myths About Working in Retirement

Small Business Labs

A good study from Merrill Lynch on working in retirement is nicely covered in the Fast Company article The Real Reasons More People are Working in Retirement.   The study covers in detail what they call the 4 Myths of working in retirement. According to the study summary, these are: Myth 1: Retirement means the end of work. Reality: Over seven in 10 pre-retirees say they want to work in retirement. Myth 2: Retirement is a time of decline.

Yet More on the Changing Nature of Retirement

Small Business Labs

We've covered the changing nature of retirement so often in our Baby Boomer section we feel like we're feeding a fed horse by covering it again. But it's an important trend and there continues to be a flurry of interesting articles on working in and/or delaying retirement. The article points out we've been treating retirement like a second childhood that is focused on leisure activities.

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For Retirement, 80 May be the New 65

Small Business Labs

We've long been forecasting and writing about the growing trend of Americans working past traditional retirement age.    But even we're surprised by a Wells Fargo survey showing that 75% of Americans plan to work in their retirement years - and 25 percent saying they'll need to work until at least age 80 because they will not have enough money to retire comfortably.  Baby Boomers retirement

In Retirement, Olympic Gold-Medalist Michael Phelps Is a Mental Health Advocate

Success

We want to move forward,” Phelps, who retired from swimming after the 2016 Olympics, tells SUCCESS. “We The post In Retirement, Olympic Gold-Medalist Michael Phelps Is a Mental Health Advocate appeared first on SUCCESS. The American Dream lies to us in all kinds of ways.

How to Be Resilient in Retirement

Entrepreneur.com

I get that your anxiety is currently at an all-time high. But, as we begin to slowly and patiently recover from the COVID-19 pandemic, it’s time to re. Finance

Consulteering - A New Approach to Retirement

Small Business Labs

Work a Little, Play a Little: A New Retirement Strategy from the New York Times covers the  growing trend towards people working part-time in retirement.   The article focuses on a retired educator who has put together a portfolio of activities to meet his goal of “balancing a life of leisure with a life of purpose.”. Simply put, many older Americans are not financially prepared for retirement and will need to work.

You "Cubicle Copied" Your Retirement Plan? Yikes! Why That's a Big Mistake 

Entrepreneur.com

It's so easy, so tempting to lean over and say to your office buddy, "What box did you check on the retirement forms?" But is it the best idea? Not at. Finance

Four Reasons Why Target-Date Funds for Retirement Don’t Work

Entrepreneur.com

How to best save for retirement is a question whose answer evolves constantly. Choosing the right investments for a retirement portfolio is an overwhe. Finance

Did You Just Become a Gig Worker? Start Saving for Retirement Now — or this Might Happen

Entrepreneur.com

Having trouble getting going on saving for retirement. Did you just become a gig worker? Me, too. Let's walk through this issue together. Finance

Not Where You Want to Be at Age 40 with Your Retirement Savings? Here's How to Step it Up.

Entrepreneur.com

Have you snoozed through Retirement Savings 101? Did you realize that now, at 40, you need to get going? Here's how. Finance

More Americans Plan to Delay Retirement

Small Business Labs

We've written so often for so long about Americans - and especially baby boomers - delaying retirement that I'm honestly getting tired of the topic. Key quote on their findings from an AP article on the study : Some 82 percent of workers 50 and older say it is at least somewhat likely they will work for pay in retirement. And 47 percent of them now expect to retire later than they previously thought — on average nearly three years beyond their estimate when they were 40. 

Sluggish on Saving for Retirement as a GenXer? Take This Approach

Entrepreneur.com

GenXers, do you have the recommended amount saved for retirement? You might be just shy of that goal, so let's do a quick check. Also, learn more abou. Finance

Why You Should Keep Working in Retirement

Small Business Labs

There have been several interesting articles over the past couple of weeks on working in retirement and/or working later in life. The consensus of these are those working full or part-time instead of fully retiring are happier, healthier, more engaged and in better financial shape. Some examples: Next Avenue's 4 Traits of the Happiest Retirees  report all 4 happiness traits are related to working during retirement.

Non-Mortgage Debt and Working in Retirement

Small Business Labs

Manufacturing » July 01, 2010 Non-Mortgage Debt and Working in Retirement The US News article The Number One Obstacle to Retirement points out that non-mortgage debt is a significant problem for many Americans.    According to the article, debt payments are interfering with retirement savings for 63% of Americans. But the point they make - many Americans are not saving enough for retirement - is a good one. 

Most Feel Classic Retirement No Longer Affordable

Small Business Labs

Transamerica  released their 13th annual retirement survey.  They cover a lot of areas related to retirement and their full report does a nice job with the details.   The quick summary is only 39% of respondents believe they are buiding a big enough nest egg to fund a traditional retirement.   Also, only 19% said they did not plan to work in retirement. Income is now the primary driver for wanting/needing to work in retirement.

For Many Boomers, Work is the New Retirement

Small Business Labs

Transamerica's Center for Retirement Studies recently released the results from their 17th annual U.S. retirement survey.    As with prior years, it's full of interesting data on the retirement preparations and plans of Americans of all ages.  This group is currently entering retirement age in large numbers (roughly 10,000 turn 65 every day) and the oldest members turn 70 this year.

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Small Business Owners Getting Older and Not Planning to Fully Retire

Small Business Labs

Also interesting is Barlow's findings on small business owner retirement plans. In general, small business owners are not the retiring type. They found average small business owner with plans to retire is planning on retiring at age 67.    But 7 in 10 of those plan to work at least part-time after their "official" retirement. Also, only 68% of small business owners report plans to retire.

2017 144

Wealthy Planning on Working in Retirement

Small Business Labs

Self-Employment Data » September 30, 2010 Wealthy Planning on Working in Retirement We've written so often about baby boomers and others working past traditional retirement age that I almost didn't bother with this post.        But the CNBC article Working During Retirement May Be The 'New Normal' had a couple of new slants on this topic.

3 Ways to Improve Retirement Planning

Small Business CEO

One of the many things that can put stress to people is thinking about future and making retirement plans. Younger generations almost never think about retirement planning, although this is serious and important issue to think about. Saving money to spend it in retirement days seems like a thing far away to many people, but truth is that time goes fast and it is wise to make plans about future. Many people avoid retirement planning because it reminds them of getting old.

Are Your Hobbies (and Your Kids' Hobbies) Killing Your Retirement Savings?

Entrepreneur.com

A new sports season has arrived. And with it, parents shell out big bucks for their kids to play. How much are your own hobbies and that of your kids. Finance

5 Simple Steps to Improve Your Retirement Strategy

Small Business CEO

Preparing yourself with a comprehensive retirement plan is more important than ever. Here are some simple things that can help you to make the most of your retirement fund. A key part of a successful retirement strategy is creating an effective income stream from your savings. If your 401(k) only allows you to take out a lump sum, it may be worth transferring the savings to a separate retirement account.… Finance personal finance retirement planning

Is a Longevity Annuity a Good Guaranteed Retirement Savings Strategy for You? 

Entrepreneur.com

Think you might want to tap into a guaranteed income strategy through longevity annuities? Let's go over why people choose them if they're worried abo. Finance

Tim Berry's Baby Boomer Un-Retirement - Part 2

Small Business Labs

Blog powered by TypePad Member since 01/2005 « The Atlantic Monthly on The End of Men | Main | The Female Economy » June 18, 2010 Tim Berrys Baby Boomer Un-Retirement - Part 2 Several years ago (have I really been blogging that long?) I posted on Tim Berry's un-retirement.    His answer was he was retired.   While Tim may not be the typical baby boomer, he is a great example of our generation's approach to retirement

Over Half of Baby Boomers Plan to Work Past Traditional Retirement Age

Small Business Labs

Blog powered by TypePad Member since 01/2005 « Time Spent on Social Networks Exploding; Email and IM Fading | Main | The 2 Speed Economy - Big versus Small Business » August 05, 2010 Over Half of Baby Boomers Plan to Work Past Traditional Retirement Age A recent survey by Robert Half survey found that 54% of baby boomer respondents plan on working past tradtional retirement age. 

Boomer Delayed Retirement Top 10 News Round-Up

Small Business Labs

Lots of news these days on baby boomers delaying retirement. The quick summary is boomers are delaying retirement, changing retirement and choosing not to go gently into retirement.  In addition to destroying nest eggs and forcing delayed retirement, the article says many baby boomers are even going to die younger because of recession induced economic trauma.  Below are our top 10 (actually 11, we added a bonus story) recent stories on the topic.

Almost 7 in 10 Baby Boomers Expect to or are Already Working Past Age 65

Small Business Labs

Regular readers know we cover retirement and the financial lives of baby boomers a lot here at Small Business Labs.  So if more people retire later and work longer than in the past, the more self-employed there will be.   Only 14% plan to retire prior to age 65. 

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More on the FIRE (Financial Independence, Retire Early) Movement, Independent Work and Edge Communities

Small Business Labs

Last month we covered the growing Financial Independence, Retire Early (FIRE) movement and how it relates to the rise in independent work.  Her main reason for hating it is if you retire early, you have to live a long time off your savings because you aren't generating income.

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Putting Your Expertise to Work: Consulting After Retirement

Small Business Labs

Five ways to invigorate your encore career as an independent professional

2017 100

Finding a Retirement Lifestyle That Works

Small Business CEO

Retirement is supposed to be relaxing and care-free , but before you can embark on your golden years, you need to get a better idea of what you want those golden years to look like. … Economy & Environment retirement planningSure, maybe you want to spend more time with your family, or devote as many hours as possible to volunteering in your community. Those are worthy goals. But other than that, what do you want your day-to-day life to look like?

Retirement Luxuries To Put On Your List

Small Business CEO

The phrase “planning for retirement” generally evokes images of white-haired individuals smiling in insurance commercials, making sure their finances are in order for the long haul. That’s definitely part of the process, and it’s always a good idea to speak to financial advisors, invest for retirement , and save whatever you’re able to. … Economy & Environment investing retirement planning

Did you make an early withdrawal of your Afore? This is what you should consider

Entrepreneur.com

RetirementWhat are the aspects that we must take into account if we make or are about to make a decision like this?

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