There are increasing numbers of older people starting their own business. When people retire they face a great challenge; how to survive without a job and how to find a purpose in life. For some it is an opportunity to pursue hobbies and sports that they love but others miss the buzz of the workplace.
My mom, who passed away a few years ago, was a very careful and meticulous person who kept a notebook with all of her online account passwords. Mom was also a Morse code operator in the Royal Air Force during WWII, so all of her passwords were in code. I was lucky: She told me
From technical glitches on the New York Stock Exchange to economic turmoil in Greece, in today’s information era of 24-hour news cycles, it can be easy to let emotions seep into your investment decisions. As you approach and transition into retirement, buy-and-hold waiting games in times of double-digit fluctuations can be scary and impractical. The
If you’re on the fast track to retirement, you’re probably busy planning your new, post-work world. Perhaps you’re considering a stint as a volunteer, or ready to sit back and do nothing for a while. Maybe you’re seriously considering a round-the-world trip – you know, the type you could never take when you were working full-time.
One of the most important things you’ll have to consider when drawing up a comprehensive financial plan is how you want to live in retirement. Ironically, a vital part of that discussion will be deciding what you want to happen when you die. Many Baby Boomers want to leave money to their children and, like
There has long been this image — perpetuated by advertisements, TV shows and movies — of a guy in his mid-60s who just can’t wait to retire. He’s excited to move to Florida. Or finally travel to Paris. Or to golf … or gamble … or just sit on his couch and read books about