Tag: Retirement Planning

Individuals tend to have a natural bias toward optimism or pessimism. Experts believe that this bias is about 25% genetic but heavily influenced by your upbringing, relationships, and ease of schooling and other early successes and failures. It is also determined by age. A study found that optimism generally increases throughout younger adulthood, flattens out between ages 55 and 70 and then slowly decreases again after that. (Yes, it coincides roughly with the ages when you are happiest.) Is this a glass half full? Or, a glass half empty? No matter how you got to be the way you are, it is important...

Figuring out if you can retire securely is hard. (Haven’t solved this problem yet? Don’t worry. Use the NewRetirement Planner to create a plan for cash flow, withdrawals, taxes, legacy goals, where to live, and more.) However, for some, being retired is hard too with retirement boredom topping the list of problems. Below are the top “hardships” of living in retirement according to a recent survey on the NewRetirement Facebook group and 14 tips for dealing with retirement boredom. Too Much Time with the Spouse After years of living mostly separate lives on most days,...

Death. Illness. Prejudice. Guess what? They aren’t all entirely bad. In fact, according to a recent survey on the NewRetirement Facebook group, these are some of the strongest motivations that propel people toward retirement and living life on their own terms. Just remember, there is no right motivation for retirement. In fact, not retiring is how some people are happiest. Retirement is an entirely personal decision. As Jeff wrote, “We all have to make decisions based on our circumstances. I remember being on the high dive board as a kid, deciding to make that jump. It is a deep...

If you want to have a good retirement, you need to figure out what that means to you. Do some life planning for retirement, set goals, and use these retirement tips to create a plan that allows you to achieve exactly what you want. What do most of us want? It is usually pretty simple, we want a happy, wealthy, and happy retirement. A happy retirement is no longer really about sitting with your feet up and watching the rest of the world whiz by. Many people now think that retirement is a time for embarking on one of life’s greatest adventures. This is the time to do what you want with...