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Tag: Retirement Income

20 of the Best Part-Time Jobs for Retirees

Reaching retirement doesn’t have to mean that you’ll never work again. In fact, it might be a great opportunity to work on your own terms. Part-time work can help you improve your retirement income, keep you active, give you purpose and be fun all at the same time. And, in case you haven’t heard, there is a massive worker shortage right now, so you might be able to command top dollar for your part-time retirement gig. Do You Need the Income or Other Benefits? While there are many reasons to work beyond money, you may want to know  if you need supplemental retirement income. The...

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Are You Wealthy? 19 Ways to Define Wealth

Recently on the NewRetirement Facebook group, someone commented that they were shocked to be called wealthy. He did not recognize himself in the term. Though, after reflection, he came to believe that he is wealthy — just by a different definition than he had originally held. What is wealth? How do you define wealth? Do you think of yourself as wealthy? What does that mean to you? Thesaurus.com lists 53 synonyms for wealth including abundance, affluence, cash, property, prosperity, richness, and worth. However, they don’t begin to cover what wealth really means. Below are 19 different...

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3 Steps to a Retirement Income Plan: Nobel Prize Winner Helps You Figure Out Your Best Options for a Secure Future

Figuring out how much income you need during retirement and formulating a retirement income plan is the most important aspect of financial planning. Don’t believe me? Well, the theory is advanced by Robert C. Merton, recipient of the 1997 Alfred Nobel Memorial Prize in Economic Sciences and Distinguished Professor of Finance at the MIT Sloan School of Management. (Hear him on The NewRetirement Podcast here.) Merton believes that the most important aspect of retirement planning is to estimate your retirement income and insure that it is adequate to cover your spending. He rejects the focus...

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