Should You Buy or Rent in Retirement? Consider These Three Reasons Why Renting Might Be the Smarter Choice

Here at AgingOptions, as we walk people through the LifePlanning process, one of the issues we tackle is the question of housing. The great majority of seniors are firmly convinced that the ideal housing choice for them is the place they’re living today: surveys conducted by AARP show that nearly 90 percent of adults 65…

You’re Heading Toward Retirement When a Personal Financial Crisis Hits – How Do You Recover?

Any true sailor knows how a sudden change in the weather can turn a pleasure cruise into a frightening experience. In much the same way, as you’re sailing on toward retirement, you might be hit by a sudden squall – or possibly even an all-out hurricane. The personal financial crisis may come in the form…

Retirement Planning is a long street!

A Bed of Roses or a Briar Patch? Your Future Depends on Avoiding These Five Retirement Mistakes, Says Kiplinger

Here at AgingOptions we run across retirement-related articles all the time that are about financial planning and little else. As Rajiv Nagaich has said repeatedly, a retirement plan and a financial plan are simply not the same. Having plenty of money is no guarantee of retirement satisfaction – on the contrary, unless you plan carefully…

New Study Finds Closer Alignment Between Intentions and Reality When It Comes to Working in Retirement

Here at AgingOptions we’ve reported several times (most recently in recognition of Labor Day 2019) about the disconnect between intentions and reality as people facing retirement think about work. Many surveys have shown that men and women are generally too optimistic about their ability to keep working in retirement, or about their hopes to phase…

Thinking Through Retirement Ahead of Time is Essential if You Want to be Truly Prepared

Sometimes here at AgingOptions we feel like we’re repeating ourselves when we remind people that “retirement planning” and “financial planning” are not the same thing. Yet frequently we encounter intelligent men and women poised on the brink of retirement who seem to think that all it takes to retire successfully is to have a basic…

Retiring with Debt? Consider These Three Ways to Make Your Debt Load More Manageable

Most people approaching retirement age probably dream about retiring debt-free. Entering retirement without the burden of debt is certainly the ideal – but if you think it’s the norm, think again. The reality is, about seven out of ten households headed by those in the 65-74 age group are carrying at least some debt load,…

Labor Day Weekend Report: If Working Past Retirement Age is Part of Your Financial Strategy, You May Have to Think Again

It’s Labor Day Weekend – so what better time to focus on work, which is clearly one of the most important topics of all for aging boomers? Back when our parents retired, the pattern was fairly predictable: dad, the chief breadwinner in those days, hit the magical age of 65 and retired on a company…

Retirees Describe Their Biggest Financial Regrets. Will We Learn from Their Mistakes?

“If I only knew then what I know now!” Many of us have uttered those words time and time again when we consider the choices we should have made decades ago. Nowhere are those “if only” regrets more acute than in the area of finances, especially when it comes to preparing for retirement. If we…

Are You Ready to Retire? Before You Answer, Make Sure You’re Asking the Right Questions

Are you ready to retire? That’s a question more and more baby boomers are asking themselves. Every day, 10,000 boomers reach retirement age, and the “leading edge” of the boomer wave is now well into their 70s. For those boomers not yet retired, the question looms large in their thinking: am I ready to retire?…

Retirement Risks Can Be Eliminated

Worried About How to Make Your Money Last in Retirement? Here are Seven Ways to Help Make Sure It Does

Among all the thousands of people we talk with in our office, in our seminars, and on the radio, the single biggest fear most retirees have can be boiled down to one simple question: will I have enough money to live a decently comfortable life? There’s no shortage of articles filled with advice on how…