Senior Independent Living
Examing Your Retirement Plans? Consider Mini-Retirements
March 30th, 2010
Filed under category: Financial Planning
The blog at Mature Market Experts (see link below) has a very important piece, written by Tom Mann, about the five important trends that are going to affect the senior market in the coming years. We’ve been blogging about those five trends in a series of articles over the last few days.
One of the trends that Mann identifies is the postponement of retirement or the foregoing of retirement altogether. The alternative, Mann suggests, is “mini-retirements.” The idea is that instead of retiring completely (which can lead to a loss of a sense of meaning, ill health, and even early death), seniors can opt for lifelong employment interspersed with periodic vacations of one month or more.
…continue reading Examing Your Retirement Plans? Consider Mini-Retirements
Retirement? Who Wants to Retire?
March 28th, 2010
Filed under category: Financial Planning
Here’s a breath of fresh air.
Mike Rowse, writing in Seniors World Chronicle (see link below), comments that the idea of retiring at 60 or 65 (or even earlier) is a very bad idea, leading to years of non-productivity (20 years or more) and the loss of meaningful purpose and dignity.
Retirement Age – Will It Continue to Go Up?
March 24th, 2010
Filed under category: Financial Planning, Government & Legal
Age for retirement has been going up in recent decades. European countries are following our lead in this and have begun to think about raising their retirement ages.
We don’t need to fear this, really. As medical science continues to make progress (especially in the area of DNA diagnosis and therapy), life-spans will get longer. As we live longer, we will need to work longer.
…continue reading Retirement Age – Will It Continue to Go Up?
Retirement Planning for Self-Employed Seniors
March 21st, 2010
Filed under category: Financial Planning, Government & Legal
Speaking of retirement plans, self-employed people have quite a few more options than those who get an employer’s paycheck.
Retirement plans can be complicated, and though self-employed people have more options, the options can be complicated.
…continue reading Retirement Planning for Self-Employed Seniors
How to Get Paid as a Family-Member Caregiver
March 20th, 2010
Filed under category: Caregivers, Financial Planning
Many caregivers are family members of the one receiving care. Caregivers work hard and long, and often receive little in the way of thanks or reward for their efforts. The effort itself is often its own reward.
But the Eldercare ABC Blog suggests that there may be some strategies for receiving financial compensation for your efforts on behalf of family members, friends, and loved ones who need home care.
…continue reading How to Get Paid as a Family-Member Caregiver
Understanding Roth IRA’s
March 20th, 2010
Filed under category: Financial Planning, Government & Legal
There has been a lot of talk recently about the Roth IRA. But, like anything involving politicians and lawyers, the rules are complicated.
So here’s a handy little primer to get a handle on how the Roth IRA works.
Increase Your Investment Earnings for Retirement Planning
March 17th, 2010
Filed under category: Financial Planning
Financial investment is difficult. Seniors, who typically want to protect their nest egg, often sacrifice investment income for protection of the principal.
The difficulty with that is that withdrawals will eventually occur, and if the income has not been enough, the money will run out rather quickly.
…continue reading Increase Your Investment Earnings for Retirement Planning
Seniors Receiving Assistance to Find Jobs
March 17th, 2010
Filed under category: Financial Planning, News
We’ve recently seen reports that those between the ages of 55 and 65 are more likely than younger folks to start a new business.
One wonders what the reason for this entrepreneurial spirit is. Hopefully it’s truly the entrepreneurial spirit, and not just necessity.
Retiring Out of the Country – Resources for Seniors in Mexico
March 14th, 2010
Filed under category: Financial Planning, Senior Housing
Here’s an interesting idea — retire in Mexico!
There are a lot of advantages to retiring to a location outside the U.S. Sometimes the cost of living is dramatically lower, making your retirement fund effectively a lot bigger than it might be in an expensive retirement community in Arizona or Florida.
Thinking ahead, though, one might wonder whether Mexico, for example, would have the right facilities for a senior who has reached the point where he or she needs medical or other assistance in maintaining the household.
…continue reading Retiring Out of the Country – Resources for Seniors in Mexico
Long-Time Homeowners May Have Advantage in Real Estate Market
March 14th, 2010
Filed under category: Financial Planning, Senior Housing
The scenario is a common one: Mom and Dad have owned the old homestead for decades, raised a family, and now the burdens of maintaining the big house have become too much.
The real estate market has been very difficult for those seeking to sell their homes. But for seniors who have owned a house for a long time, there may be an advantage to having owned the house for years and years.
…continue reading Long-Time Homeowners May Have Advantage in Real Estate Market
