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…

Are You Ready for a “Second Act”? A New Kiplinger Article Suggests Ways to Find Your New Purpose in Retirement

By now, if you’re a regular reader of the AgingOptions blog, you know that we often stress the importance of preparing oneself mentally for retirement. Too often, especially if you’ve spent decades in the workplace, a sudden transition to “life after work” comes as a shock, even for those who are otherwise well prepared for…

Don’t Let Your Dream Retirement Home Become a Nightmare – Before You Move, Ask Yourself the Right Questions!

If you and your “significant other” are starting to look ahead to retirement, it’s likely you’ve spent some time daydreaming about where you might live. While most retirees say they hope to age in their own home, close to family and friends, there are still plenty of folks out there who dream of retiring in…

Is Your Retirement Date Getting Closer? Consider this Four-Step Retirement Checklist to See If You’re Really Ready

There’s no shortage of articles telling us how to prepare for retirement – but until you’re really ready to hear the information it tends to fall on deaf ears. This article we recently found on the Motley Fool website is a good basic case in point: it presents “A 4-Step Checklist for People About to…

Downsizing Myths and what you can learn from them

Thinking of Downsizing for Retirement Living? You Need to Plan Ahead in Order to Do it Right

Downsizing – moving into that smaller, better-organized, better-located retirement residence that’s just right for you as you age – is a popular topic these days. We’ve presented dozens of articles here on the AgingOptions blog about where and why to downsize. But here’s an article we found last fall on the MarketWatch website that we…

“Let’s Get Real” – Your True Cost of Health Care in Retirement May Not be Quite as Frightening as it Seems

Big numbers have a way of getting our attention, especially when those big numbers are intended to scare us. One of the “big numbers” that often scares retirees is the projected cost of medical care: usually it’s presented as a huge lump-sum dollar amount, as in, “The average retired couple will need at least $280,000…

Wish You Could Have a Financial Do-Over? USA Today Article Lists the Top Five Retirement Money Regrets

Do you have any financial regrets as you approach retirement? If we’re honest, every one of us would have to answer “yes.” We look back over debts we incurred, foolish purchases we made, investments that went sideways or money we misspent and we can’t help experiencing a little second-guessing. The good news is that we’re…