So even though many
retirees like the idea of reliable lifetime in theory, they're leery of putting any of their savings into an investment they consider a bit of a mystery (and may have heard bad things about).
If you'd like to boost your income with pay from part - time or occasional work, you can check out sites geared toward older workers and
retirees like RetiredBrains and RetirementJobs.com.
But research shows there are also lots of
retirees like you who appear to have more than enough resources to live comfortably, yet still feel anxious about their financial future.
Many
retirees like the security of knowing that all or most essential expenses will be covered even if the financial markets founder.
Some retirees like to have a combination of annuities and government benefits cover basic spending.
In fact, by law, Roth IRAs and IRAs of any description can invest in many other things, but 401 (k) s and 403 (b) s and similar employer - sponsored plans are only allowed to invest in mutual funds, because their diversification and professional management keep risk to prospective
retirees like us to a minimum.
The many baby boomers, soon to be
retirees like her, might be seeking similar volunteer opportunities.
Not exact matches
The first couple years outside the office make some
retirees feel
like the proverbial kid in the candy store.
In some cases, unscrupulous brokers hold «free lunch» seminars in which they offer reckless advice,
like recommending
retirees cash out of their 401 (k) planor take a lump - sum payment for the cash value of their pension and use the money to open an IRA through them.
Those three words once associated with the rules of retirement investing no longer hold true, as many
retirees have been forced to assume more risk than they would
like.
Long - term care insurance, which covers expenses
like nursing home care, at - home nursing care and other late - life needs, is fast becoming too costly for many
retirees to afford, according to a recent study from LifePlans, an industry research firm.
In fact, Buffett
likes Bridge so much that he can sometimes be found in an Omaha strip mall, paying $ 7 to play against
retirees.
For the past five weeks, a U.S. jury that includes teachers and
retirees has heard all about the luxe life these men lived that included suppers featuring tango dancing, flights on private jets to exclusive resorts
like Mauritius, stays at five - star hotels and a clandestine night meeting at a lavish farm at an Uruguayan resort.
No one knows what the future of health care will look
like, but
retirees can still plan for tomorrow based on things they know today.
If
retirees are depending on an investment portfolio for income in retirement, a 2008 -
like plunge can be devastating.
But for other
retirees, an approach
like Guttentag's could turn reverse mortgages into more of a cool - headed strategy and less of a Hail Mary pass.
If you adjust the projections to account for the rising employment rate of people
like Levitt, the drop - off in
retirees» spending as they age, and the value of fourth - pillar assets, Canadians may well be over-saving for retirement, Vettese adds.
I
like to see
retirees attempt to smooth their income, paying as little tax over their entire retirement, rather than just in the first few years.
If you're
like many
retirees, your Social Security checks will account for a large portion of your retirement income.
According to a new Bankrate survey out Monday, the Grand Canyon state is home to three of the country's best cities for
retirees, ranked by metrics
like cost of living, weather, crime rate, health care, taxes, walkability and the well - being of seniors living in the area.
San Rafael, Argentina Population: 173,000 Median home price: N.A.; listed from $ 150,000
Retirees have been getting bold in recent years, flocking to overseas locales
like Mexico, Europe, and South America.
Retirees could also consider downsizing to a rental, especially if they want to live in overvalued places
like Vancouver.
More than half of
retirees tell T. Rowe that they're living as well or better than they did when they were working — and nearly two - thirds
like not spending as much.
Nearly seven in ten (69 %) of middle - income
retirees would have
liked to have stayed longer in their old careers, but had to leave earlier than they planned for «reasons beyond their control,» the report says — most commonly because of health problems (39 %), being laid off (19 %), or to care for a loved one (9 %).
Moving from saver to spender can feel
like an abandonment of all of the principles new
retirees have known for decades.
Older buyers,
like snowbird
retirees taking annual trips south for the winter, are still where the money is, he says, versus the «modern hipsters that are trying this out for a spell.»
For plan sponsors who would
like to retain participants in their plans after they retire, the consultants recommend adding a retirement education tool (80 %), allowing distribution flexibility (77 %) and adding
retiree - focused investment options (76 %).
Vibrant metropolises
like Medellín teem with dining options and a coffee culture, plus all the amenities a
retiree would need.
It seems
like much of the retirement planning advice out there focuses on distribution rates, the percentage of income to replace, asset allocation changes or a determination of how much risk is suitable for a
retiree's portfolio without ever considering actual living expenses or spending needs.
Our hypothetical
retiree is getting $ 15,000 from Social Security benefits, $ 10,000 from a private pension, $ 15,000 from retirement savings
like a 401 (k) or IRA and $ 10,000 in wages.
Some claim this method doesn't incorporate costs that hit
retirees the hardest,
like out - of - pocket healthcare costs.
Keep in mind, some of these states will get their money elsewhere —
like sales or property taxes — but when you're a
retiree, it's good to know how much of your retirement fund or pension you'll actually get.
I hope the workers start fighting back soon, I do
like what the
retirees have started, and I hope it grows exponentially, as I know for sure the
retirees can no longer be just some notion classed and written off as legacy costs.
People
like working parents,
retirees, millennials, entrepreneurs, caregivers, digital nomads, people with disabilities, military spouses, students, environmentalists, and more.
If you're
like most people, you probably don't have access to employer - sponsored pre-65
retiree medical coverage.
Yet as long as rates remain low, nontraditional stock investors
like retirees — and, yes, central bankers — will keep piling in.
«I feel
like I'm paying more for the same or less,» the
retiree in Vermont told Yahoo Finance.
GE GE, -1.76 % investors and hard - hit
retirees, who haven't had much to cheer about lately, may
like the chart above from The Wall Street Journal's Daily Shot.
I'm an early
retiree who
likes to have low risk investments with a steady income stream.
A bonus for
retirees: The money you withdraw from a TFSA isn't considered income, so
retirees can take money out without it affecting retirement benefits
like Old Age Security, which decreases with higher income.
This sounds
like good news from a Church perspective, but are we expecting too much of our
retirees?
I had power outage thanks to a huge storm so I could only «watch» through some live - scores app on my dying phone but that was probably even more torturous as I had no clue what the hell was going on, I just stared on the screen
like an eastern european
retiree out of his apartment window.
He told the Washington Post that he relocated from Rhode Island to Florida to retire, but when he looked around at other
retirees, he saw that they were doing things
like playing golf and shuffleboard and hanging out at country clubs.
But these days many stay - at - home moms,
like retirees and others who have been off the full - time track for a while, are finding that nabbing a job is no easy matter.
«Congresswoman Lowey is proud to serve the people of Rockland and Westchester by fighting for critical priorities
like job creation, homeland security, and the protection of Social Security and Medicare for current and future
retirees.»
retirees (
like you) were at the rally... why don't you do something constructive with your time instead of bashing teachers?
«On behalf of the 8,600 active workers and 6,200
retirees that CWA Local 1180 represents, I would
like to announce our full - hearted support of Governor Andrew Cuomo,» said union president Gloria Middleton.
Carmen Gaglio, a Republican
retiree who lives on Syracuse's North Side, said he plans to vote for Walsh instead of the GOP nominee because he
likes Walsh's plan to revive the city's economy.
«I don't
like that they're trying to charge us for that at all, and then to expect that people will return them for some refund is crazy,» said Fabian Vega, a
retiree, at the Food Bazaar Supermarket in Queens.
Antonacci also wants to offer state workers the option of defined contribution plans,
like 401 (k) s. DiNapoli wants to keep the state pension system as it is, saying it protects
retirees.