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.

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

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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.

Chief Guantánamo Prosecutor Announces Surprise Retirement Before 9/11 Trial Starts

NPR Technology

As the 20th anniversary of the 9/11 attacks nears, the case's chief prosecutor has announced his surprise retirement. No clear reason was given for Brig. Mark Martins' early exit from Guantánamo. Image credit: Michelle Shephard/Toronto Star via Getty Images

Smart Business Ideas For Retired Couples

Dumb Little Man

There are days where I look forward to my retirement. Working 24/7 and taking care of the kids at the same time make you want to retire as early as possible. However, I have seen many retired people who long to work again. Many retired citizens keep working after retirement because of their financial situation. That is the reason why retired people are stepping into their own business game and it makes perfect sense.

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

5 Retirement Planning Myths Busted (To Help You Plan Your Finances Better)

Dumb Little Man

When it comes to financial myths related to retirement planning, there exists plenty. However, even the most well-informed people can sometimes fall prey to some of the existing retirement planning myths. Myth 1: There’s plenty of time to start retirement planning later.

2020 246

Seven Top Tips for Retirement Planning

Dumb Little Man

Retirement might seem a long way off, but it doesn’t mean that you can’t prepare for it ahead of time. With the right tips for retirement planning, you can take a proactive approach in preparing for your future. When it comes to planning for your retirement, there’s really no such thing as starting too early. Twenty to thirty years from now, your savings will add up and you’ll have a good amount of money to spend for your retirement.

Top 5 Tips for Small Business Retirement

The Small Business Blog

Small business owners are often in an unusual position because they won’t receive a pension from their employer once they retire. The self-employed have to think more carefully than most about planning for their retirement. This weeks tips column contains our Top 5 Tips for planning your retirement from a small business: 1. Your retirement… Read the full article here: Top 5 Tips for Small Business Retirement on: THE SMALL BUSINESS BLOG.

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. 

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

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

3 Things I learned When I Seriously Planned to Retire

Dumb Little Man

Retirement, unlike death, does not happen to all of us. Yet, I have been fascinated with retirement since I was about thirty years of age. They both worked hard and purposefully to be able to retire when my dad turned fifty-five. They held the course and we all celebrated his retirement together with a great family party. I chose sixty as my “retirement date” Unlike my parents, I did not plan or work toward this goal. Retirement is the layover.

2018 147

Retirement Activities that are Financially Viable

Dumb Little Man

Post retirement, most folks have to deal with a big chunk of work-free time. Life after retirement can mean a lot of things to a lot of us. Some look forward to this phase of life to take it real easy or do all those things that they had planned for their retirement. The post Retirement Activities that are Financially Viable appeared first on Dumb Little Man

6 Secrets To Create An Effective Retirement Plan

Dumb Little Man

But then, someone talked to you about retirement planning. Retirement plan is so not sexy”, you think. A thought of retirement plan crossed your mind, but it’s not a good time. You started to worry about your retirement. You looked into some retirement plans and were amazed at how compound interest worked. If you saved $1,000 a month, when you retire, you could have around $500,000. If you start your retirement savings early, that’s great.

2017 171

How to Prepare for Retirement Emotionally

Dumb Little Man

One thing that I have noticed through my work with people in retirement is that the pull toward both of these aspects becomes even stronger when the days are no longer filled with work obligations. I have witnessed many people entering retirement who have no idea what makes them happy, and it makes me wonder why we aren’t very good at figuring that out. The post How to Prepare for Retirement Emotionally appeared first on Dumb Little Man

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

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.

2018 140

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

How To Use Life Insurance For Your Retirement Strategy

Dumb Little Man

Retirement. The idea of retiring and running out of money can be scary, particularly for someone who’s not prepared. It’s the fact that there’s no hard formula to help you know how much money you need to prepare for retirement. In reality, life insurance can offer more as long as you’re able to pick the right type and utilize it in your retirement income plan. Now, you’re probably wondering: How do I utilize life insurance for my retirement planning?

2017 165

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

5 Simple Hacks To Increase Your Retirement Savings

Dumb Little Man

Are you saving for your retirement? If you haven’t been able to start saving for retirement, you are not alone. The importance of saving for your retirement cannot be overemphasized. Saving for retirement is not optional; it is something that everybody ought to take seriously. If you’re interested to know the best way to save for retirement, below are simple hacks you can try. Simplify your retirement savings by placing it on auto pilot.

2017 166

Future Finances: How to Ready Yourself for the Retirement Years

Dumb Little Man

One day you will awake and it will be the first day of your retirement. Your financial future as a retiree depends on honestly assessing your retirement planning now. It is crucial you calculate how much you must save to be ready for retirement. Every year or so, review both your retirement plan and your progress to make sure you are on your way to a secure future. Have you computed just how much you will spend each month in your post-retirement life?

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.

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

Turning Sixty: Top Things To Do In Retirement

Dumb Little Man

Very soon, you’ll be celebrating your sixtieth birthday and that means you’ll be looking at your retirement, too. Here are the top things to do in retirement that can make your life more engaging and exciting: Define your passion and purpose. So, continue what your favorite pastimes were even before your retirement. See Also: Retirement Activities that are Financially Viable . Consider your retirement as a golden opportunity for you to try something new.

2017 159

Top 4 Tips for Getting Your Finances Ready for Retirement

Dumb Little Man

It might be tempting to continue dumping as much money as possible into your retirement accounts, but it is almost always more efficient to settle your debts first. Unless you and your financial manager have decided that your retirement accounts are earning much more interest than your current debt, you should try to settle your other loans first. Entering into retirement with absolutely no debt can be one of the most freeing situations you will ever experience.

2016 156

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.

Retirement Made Easy: Tips To Make The Transition Simple

Dumb Little Man

At some point in your life, you may have to retire. To make your transition more simple, here are some of the best retirement planning tips you can try. At your retirement party, network with other coworkers who’ve already retired to see what jobs they’ve taken up. Just because you feel like you have saved enough money does not mean you are already financially prepared for retirement. See Also: Retirement Activities that are Financially Viable.

2017 140

Are Men Or Women More Successful At Saving For Retirement?

Dumb Little Man

Do you know who is more successful at saving for retirement ? While that disparity isn’t disappearing anytime soon, advocates for gender equality can look to one area of finance as a sign of the changing tide: retirement-saving. According to a recent study by investment management behemoth Vanguard, women are out-saving men for retirement, and it’s not even a close race. These women prove that a low salary doesn’t have to dissuade you from saving for retirement.

2016 153

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. 

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. 

Saving For Retirement: 7 Reasons Why You May Have To Delay Contributions

Dumb Little Man

Thinking about retirement can be daunting when you’re wondering how much money you need saved and how you will earn that amount in the first place. Saving for retirement is important and starting while you’re young is best. Unfortunately, that isn’t always possible and life’s obstacles may decrease your retirement savings. Read more ». Lifehacks Money

2014 214

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.

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.

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.

2016 133

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.

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

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

Jeff Bezos Adds 2 Leadership Principles Before Retiring As Amazon’s CEO

Forbes Leadership

In his final letter to shareholders, Jeff Bezos laid out a broad vision for the company's future, committing to extend Amazon's famous obsession over its customers to the same level of care for its employees. Careers /careers Leadership /leadership Careers /careers