When they discuss the future, couples in their 50s and 60s often put the focus on their children and grandchildren or the needs of their aging parents. If they get around to talking about themselves at all, they might discuss an upcoming vacation or something that needs fixing around the house. But what they tend
Sometimes, the little things make a big difference. You probably remember the proverb about how for want of a nail, eventually, the kingdom was lost. As you edge toward retirement, you don’t want to lose your kingdom because of a detail you hadn’t figured on. Budgets and expense planning can be that overlooked little thing.
Eight years ago, Judy Freedman’s husband died just before her 50th birthday. Within the next year, her two children moved out of the house for university and work. With so many big changes, Freedman decided it was time to take a good look at her life as a corporate communications director — and think about
Saving for retirement is an important financial goal, but many people struggle with it. Some are concerned that it means locking up funds and making them inaccessible for other financial goals. But this, in fact, is a myth. For example, a young 28-year-old entrepreneur once asked me if she could use some of these funds
You wouldn’t dream of running a marathon without undergoing months of training. Or heading into the wilderness without making sure you have adequate provisions. Or betting your life savings on a business venture you haven’t thoroughly researched. But when it comes to entering retirement–when a failure to plan can have devastating consequences–a surprising number of
On August 1, 2016, Brandon officially retired. The 34-year-old software developer and blogger behind the Mad Fientist — who doesn’t use his last name online for privacy reasons — had been planning and saving to retire early for years. “I’d never been a spender,” Brandon, who saved and invested about 70% of his take-home pay,