Those who know my parents, who have always been active types, know that the word “retire” was never part of their vocabulary. So you can imagine my utter shock when they brought up the subject of retiring.
At face value, annuities offer a solid deal: guaranteed income for life. But they are not the most straightforward of products. Annuities can be a cash cow for insurance companies and the people who sell them — making it important for you to understand them and trust your source of information.
You may dream of retiring long before a traditional 60-something retirement age, but be careful about making that leap too soon. If you're not emotionally ready to quit working, you may not be ready to retire.
If you are reading this, you are probably saving up for your retirement, have run countless numbers, and are looking forward to the day when you are financially independent. In our articles, we have mentioned many times that retirement must be based on good money sense, but we have also emphasized that it’s the emotional component of this new lifes...Read More
At various times in our lives all of us come to a fork in the road – that place where we need to make a decision about where we want to go for our future. Picking a career, choosing a spouse, or determining whether or not to have children are examples of these significant junctures. We think that choosing to retire early rather than working f...Read More
It wasn’t a decision we took lightly. In fact, Billy and I discussed the idea of becoming car-free for several years. There were good reasons to do it: no more maintenance and repair costs; no more fees for insurance, license plate renewal, or registration; no more fuel expense; and no more worry about storing the vehicle here in the States w...Read More
Seniors lose $36.4 billion each year to financial abuse — $16.8 billion of which comes from deceptive investing tactics designed specifically to take advantage of older Americans.¹ Also known as “financial exploitation,” this type of investment fraud is defined by the use of misleading language to obtain account information and permission to access...Read More
Downsizing means to make something smaller. No matter if that ‘something’ is an old CD collection or the big pile of junk in your garage. But when you’re facing reducing everything you own so you can retire to a neat little cottage for a well-earned life of leisure, it’s another matter altogether. It’s your whole life! Downsizing: Here’s What You N...Read More
One day you’re celebrating the first day at a new job. The next thing you know, toasts are being raised at your retirement party. With each passing year, the hands on the retirement clock spin faster. That’s why it’s wise to establish milestones — at 10 years, five years and one year out — to fine-tune investment strategies, buffer against market v...Read More
WELCOME BACK to our 3-part series on the benefits of working longer. Here we look at the financial advantages of staying in the workforce later-in-life. Now we know that financial factors are exactly what drive most people to work longer and a lot of people probably read the first article and thought, “Working longer? I have no choice!” But no m...Read More
Because Billy and I live a lifestyle of travel, we often get readers asking us basic questions about medical tourism. Below we have the answers to some of the most common questions we get asked. How do you know if this option will work for you? The following should help you decide. Q: I have heard the term “Medical Tourism,” but what exactly is it?...Read More