Putting Things Off, Acting Too Rashly, Retiring Without Purpose – Some of the Pitfalls to Avoid on the Road to a ‘No Regrets’ Retirement

Years ago, we ran across this little poem: “Of all the words of tongue or pen/The saddest are these: ‘It might have been.’” Many of us go through life with regrets. When we’re younger, we usually have more time and energy to revisit those old “might-have-beens” and redeem the situation. However, once we enter our…

Now What? Emotional Adjustment to Loss of Workplace Routine in Retirement Can Be the Hardest Part, Many Experts Believe

We recently heard from a friend of AgingOptions who lives here in the Pacific Northwest where we have our headquarters. The Puget Sound area had recently experienced a somewhat rare snowstorm that closed many roads, schools and businesses for a few days, leaving this man (and virtually everyone else) more or less house-bound. After 48…

Retirement Age: Working Until 70 – or Even Longer – May Not be an “Easy Fix” for Retirement Crisis, Study Reports

A year ago, we shared a pair of recent articles from authoritative news publications discussing what the “official” retirement age – as determined by Social Security eligibility – should be. Some policy-makers have recommended that “full retirement age” be set at 70, but one of our articles argued that this idea might be simply impossible…

Kiplinger Article Says There May Actually Be More to Retirement Planning Than Money!

Is financial planning all there is to preparing for retirement? As an AgingOptions blog reader and radio listener, you know the answer is, “Of course not.” Yet the way many people behave, you would think all you need to retire successfully is a pile of money. The truth is, we know many who have retired…

Economist Tells CNBC: “It’s Clearly a System Flaw” When So Few Americans Are Able to Save for a Secure Retirement

If you’re facing retirement without enough savings to feel secure, you’re hardly alone. Now a new report from the Economic Policy Institute confirms just how bad things are. Regardless of how old they are, few Americans are anywhere near the point of being financially prepared for retirement, and that, says the Institute, reveals some serious…

If You’re Over 70 ½, there’s a Critical Tax Deadline Looming in a Matter of Days – and Missing It Will Cost You Plenty

Most people with retirement savings in a tax-deferred account – typically a 401(k) or 403(b) account – know that sooner or later the IRS is going to want their tax money. That’s why the rules governing these accounts allow savers to deposit tax-deferred funds only up to a certain age, after which withdrawals have to…

“Til Death Do Us Part”: Married Couples Approaching Retirement Have Some Work to Do to Make Certain They’re On the Same Page

Back in mid-2018, we found a pair of articles that shone a spotlight on a highly important but frequently overlooked aspect of retirement planning: spousal harmony. If you and your spouse have conflicting visions of the what, when and how of retirement, you could be on an emotional collision course. It’s far, far better to…

If You Worry Too Much About Not Being Able to Afford Retirement, Maybe It’s Time for a Fresh Approach

We know from experience here at AgingOpti0ns that millions of Americans approaching retirement age are worried – about health, about family, and mostly about finances. And while we remain strong advocates of careful planning, sometimes we run across an article that reminds us that there’s a lot more to retirement than money. That was our…

Are Your Aging Parents Unprepared for Retirement? Here Are Some Steps You and Your Siblings Can Take to Help

We focus a lot of our energies here at AgingOptions in helping people prepare well in advance for retirement. Our philosophy is simple: we believe that, with a comprehensive and strategic plan in place – a plan we call a “LifePlan – just about anyone can enjoy their retirement years securely, knowing that they won’t…

Wives Facing Retirement Alone Will Experience Emotional and Financial Challenges – So Couples Need to Plan Ahead

It’s difficult for a married couple to visualize what the future will be like when one spouse has passed away. After all, today you’re both healthy and looking forward to enjoying many years of retirement together – and God willing, that’s what will happen. Nevertheless, at some point it’s a virtual certainty that one of…