“Retirement Day One”: If You’re Afraid to Retire, Consider Easing Your Way Into It With the Three C’s

There are plenty of people – and maybe you’re one of them – who think about retirement for decades while still working, only to be terrified by the prospect as the date draws closer. Recently we read this article on the topic of retirement fears on the NexrAvenue website. Author Connie Baher, a nationally-known career…

Couples and Retirement: If You and Your Partner Are On the Same Page Concerning These Topics, You’ll Avoid Trouble Ahead

Comprehensive retirement planning is essential if you’re going to enjoy the kind of life you’ve always wanted after you stop full-time work. But if you’re married or otherwise in a long-term relationship, the title of the old song comes to mind: “It Takes Two.” This recent article from NextAvenue is a timely reminder that couples…

“Bored Boomers” – Is Today’s Retirement Model “Irrelevant”?

The so-called modern view of retirement is pretty straightforward. You start your work life with a series of jobs in your late teens and early twenties. Eventually you settle into your “life’s work” and follow that journey for four decades or so, saving money along the way. Sometime in your late sixties, certainly by age…

Transamerica Survey Says Over One-Third of Seniors Report Declining Financial Health in Retirement

If retirement is on your horizon, you’ve probably been spending a lot of time wondering how well your finances will hold up once you cut the ties to full-time work. For many retirees, the financial transition to retirement turns out fine. However, that’s not always the case, according to this early 2019 article from Motley…

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…