retirement Archives - My Senior Portal

Planning for Your Golden Years: A Comprehensive Checklist

Retirement. The word conjures up images of leisurely days, pursuing passions, and enjoying the fruits of a lifetime of labor. But reaching this idyllic stage requires careful planning and preparation. This comprehensive checklist will guide you through the essential steps, ensuring your golden years are truly golden. 1. Define Your Vision (The Dream Weaver) Lifestyle: What does your ideal retirement look like? Relaxing on a beach? Traveling the world? Spending time with family? Volunteering in your community? Location: Where do you envision yourself living? Will you stay in your current home, downsize, or relocate to a new environment? Activities: What…

Retire Without the Worry: 5 Retirement Ideas to Invest in Now

Although we may view the elderly population as financially responsible, 76% of retirees suffer from some form of debt. Retirement planning ensures financial independence once you reach retirement age. Finding financially savvy tips for retirement will let you prepare for your future. Keep reading to learn five full-proof retirement ideas. 1. Prioritize Paying Down Debt You should make it a goal to stay 65% debt-free. Before you approach retirement age you should try to pay off lingering credit card debt, mortgage loans, and student loans. By incrementally paying these off you can better secure your financial future. 2. Set Aside an…

Retirement Planning Guide: 7 Things to Finalize Before the Big Day

According to research, one of the most significant concerns for about 70% of Americans involves not having enough money to last through retirement. This is a serious and valid concern because, at that point, they would not be able to get back into employment. Now, the fact that you worked long and hard for your retirement is an achievement. You beat the odds, stuck to your savings plan, and now you’re ready to enjoy the retirement you very well deserve. Still, there are several more things you may want to do before the final day. In this retirement planning guide,…

3 Things to Consider When You’re Planning Your Retirement

Regardless of what age you are, it’s never too early to start planning your retirement. When you give up work, you have the opportunity to live your dreams and spend your time doing the things you love. However, you’ll only be able to live you dream lifestyle if you’ve prepared effectively. With this in mind, take a look at three critical things you need to consider when planning your retirement: 1. Finances When you’re no longer working, you won’t have a regular income to rely on, which means you need to calculate your financial needs in advance. Paying into a…

3 Simple Rules To Calculate How Much Money You’ll Need To Retire

Three simple rules to determine how much money you’ll need for your retirement, from the power of seven to the importance of the number 13. There’s never a shortage of people telling us just how expensive retirement is and how we should always be saving more, but sometimes that’s just not possible. For younger people with time on their side, making a small change to the amount you save now could bring significant rewards later on, but for older savers, the only way to boost your retirement income is to divert a larger chunk of your earnings. In this guide,…

Things to Take Care of Before Retirement

When it comes to your golden years, there are a lot of things you’ll want taken care of in advance. After all, this is the tenet upon which the concept of the retirement fund is predicated. Because, if I may speak bluntly, you just can’t do quite as much when you get old. And, although society doesn’t always agree with me, senior citizens should be treated with respect and dignity. After all, just by virtue of having survived the many hardships that the world has to offer, I would say that seniors have earned that much. So, you’ll want to…

Top Places For You To Buy An Affordable Retirement Home

A few years before I reached retirement age, I had decided that I wanted to purchase a second home where I would be able to spend a lot of my time once I finished work. The idea was to use it as a vacation home but as the years went on, I find myself in my second home more often than my first. I love the idea of a retirement home and so I searched right across the States to find somewhere that suited my needs, and my budget. I was happy with my choice and I wanted to share…

Posts Tagged‘retirement’