Having a secure future for retirement requires exploring a variety of options. You also need to look at the different aspects of your life to ensure financial security when you retire. When it comes to retirement, perhaps, one of the most challenging to prepare is inflation.
Often, retired individuals are on a fixed income, and the adjustments on the cost of living do not keep up with the actual costs. You may try to eliminate some monthly bills, but you have very little control over your electric bill. If you’re on a fixed income, it can be very devastating when your electric bill becomes doubled.
Going solar in retirement is actually the best way to save money and control your power cost. Installing solar energy system on your home allows you to minimize your energy spending. Whether you are close to retirement or already there, it is important to find ways to cut back on your spending, and turning to solar is one of the best solutions.
How to Save Money by Going Solar in Retirement?
Here are some ways that solar panel can help cut back on energy spending.
Solar Reduces or even Eliminates your Electricity Bills. Solar energy systems can actually generate up to one-hundred percent of your electricity requirements. This means that you are able to eliminate your electricity bill and free up more cash each month to invest or spend on some other important things you need to purchase.
Solar Improves the Value of your Property. If you are thinking of putting your house in the market in the future, then installing a solar energy system is a great investment. It has been found that many homebuyers are willing to pay more for houses with solar energy systems installed.
Solar allows you to hedge against future increases in utility price. The utility electricity rates continue to go up each year, and just in 2015, they went up by anywhere from three percent to 9.6 percent. When you install solar energy system, you can generate your own electricity, you will be able to protect yourself against any unpredictable rate increases for your solar energy system’s lifetime. It usually lasts around twenty to thirty years.
Going solar when you retire or even before your retirement is probably one of the best retirement plans you can consider to secure a financially-stable future. It allows you to improve the quality of your life and attain financial freedom and stability. Instead of worrying about your electric bills, you can have your own electricity source and save money for some other important spending.
If you want to ensure a smooth transition into retirement, you need to consider all your available options. It also requires practicality and choosing the right strategy that works. Don’t overlook the benefits of installing solar energy systems on your home. This can actually be one of the most remarkable investment opportunities you can make when you retire.
It is inevitable for small businesses to require outside financing to grow. There are diverse funding options available such that it has become easy for individuals to get small business loans. Nevertheless, such variety of lending options can present a challenge in that it is hard for business owners to be sure of the choices they are making in terms of the best loan provider.
The following 5 tips will help you increase your chances of finding the best small loan provider that aligns with your needs.
1. Establish your needs
Knowing what you need will determine the type of loan provider you choose. Different loan providers have varying terms and conditions. Being aware of what you need will help you establish whether taking a loan from a funding company is worth the struggle. Additionally, establishing your needs should also guide you to focus on a loan provider that offers loans based on your expected terms and conditions.
2. Have all the information about your business
Prior to making any loan application, ensure that all important information about your business is ready. Usually financial documents are key documents that any loan provider would want to see. Other important and necessary information include the ownership of the business, employer identification number, taxpayer ID, as well as income information. Having this information increases your chances of getting the loan approved quickly.
3. Screen various online lenders
Nowadays, majority of online lending companies are engaging in predatory practices. If you are not careful, the chances of being conned are high. It is advisable to work with a loan provider that is comfortable offering loan terms upfront. Also, look for one who has security disclosures on their web pages as well as a physical address.
4. Carry out a true-cost analysis
Different loan providers have varying repayment terms, and APRs (the term that describes how much money you are subject to paying including the fees and interest rates). These two factors form the basis for comparing loans from different providers. If you are looking for a merchant cash advance, you should be ready to pay higher APRs, and a weekly or daily repayment terms. Online term loans are high in terms of APRs when compared to financing from traditional banks. They however; attract low interest rates than merchant cash advances.
5. Know the focus of lenders
Lenders often use different factors to measure a person's eligibility for a small business loan. For example, debt service coverage ratio (DSCR) is an element of consideration in the event you are looking for loans that are competitive in price, and are of better terms, and lower rates. Other lenders look for a strong personal credit score, and yet others focus on the property or inventory of your business.
While it is tempting to apply for a loan from any online lender available, taking the time to understand the terms and conditions can save you much inconvenience. As such, you need to take the time to research about the lender’s reputation, and read through the fine print before applying for your loan.
Even if you have already called it quits and retire, there will still be situations where you have to apply for loans. And while your pension funds may provide you enough relief to get you through whatever issues you will be encountering, you will still need to get a little extra help on the financial side.
A considerable amount of retirees are applying for financial loans for many different reasons, and not just for paying hefty hospital and medication bills. Most of them just want to acquire a substantial amount of capital to jumpstart business ideas, or to fund excursions towards across the globe.
Still, acquiring debts come with a myriad of responsibilities. Ignoring these responsibilities may hinder you from fully enjoying your retirement. Apparently, it is best to settle these accounts the quickest way possible. And here are some ways you can do it.
Get a debt consolidation loan
Do you have an idea for business startup you have been itching to establish? Chances are, you will be borrowing a little extra money to make this idea come to life. Then again, being able to break even and re-pay the initial debt you acquired takes time. Moreover, you will need to expect for much of your income to go towards paying the amount you borrowed in the first place.This, apparently, slows down your business’ growth and it makes it even harder for you to breakeven. Fortunately, you can always apply for a debt consolidation loan which will help you get out of a debt trap and help your business move forward.
Cut your credit
As much as you want to go on a never ending shopping spree, you will also need to keep tabs on how much you’re spending. Going all out with your credit cards might be a good idea when you’re travelling to a place where you have to shell out a great deal of money to experience excitement. But considering that you’re already retired, it is best to just limit your credit. Especially when you are still struggling with existing debts, you may need to keep your spending sprees to a minimum - at least until you can payoff the loans you have applied for.
Maintain a strict budgeting regime
Probably the best way you can handle your loans is to simply create a budget. After you’re through with it, you can now set how much you are willing to allocate towards debt servicing. A good 20 percent will do, if you’re really set on erasing your debts across the board.
Secure an alternative income source
If anything, you will need to have a contingency plan at the ready to keep you financially stable. Having an alternate source of income (getting a part-time job as a consultant, for instance) can actually help you stave off the messier aspects of debt. What’s more, having more than one income source can actually help you generate income to be used to pay off debts. This will ultimately safeguard you from going bankrupt during your retirement.
Lack of awareness on various diseases makes it hard for those ailing to seek the appropriate treatment. It is unfortunate that due to this, some people end up losing their lives due to diseases that could have been cured had they been addressed early.
As with other crippling illnesses, there are quite a number of people with Fibromyalgia who do not know that they are suffering from it or even how to manage it.
This article provides a brief overview of this condition.
What is Fibromyalgia?
Fibromyalgia refers to a syndrome that is related to chronic arthritis. The affected individual experiences a combination of symptoms that might characterize widespread tenderness and muscle pain. This condition does not qualify as a joint disease since it does not include damage or inflammation to the tissues, muscles, or joints. Nevertheless, it has a close link to arthritis.
Different people experience different symptoms of Fibromyalgia. Some complain of excessive fatigue while others only experience widespread pain.
Symptoms of Fibromyalgia
Although it is not easy to detect Fibromyalgia without carrying out the necessary tests, the following are some of the common symptoms:
Causes of Fibromyalgia
At the moment, there are no known causes of Fibromyalgia. Nevertheless, several theories exist. Here are some of the present beliefs in regards to the causes of Fibromyalgia:
Problems in transmission of pain: The central nervous system is tasked with the responsibility of transmitting pain signals within the human body. In the event that the chemicals used in the signals’ transmission are altered the affected individual experiences a period of high levels of pain.
Imbalances in chemicals: When an individual has lower levels of serotonin, dopamine, and noradrenaline in the central nervous system, they are likely to suffer from sleep, appetite, and mood problems.
Sleep problems: Other researchers have shown that the failure to have deep sleep can be a primary cause of Fibromyalgia as opposed to just a symptom.
Fibromyalgia is a serious problem that can have adverse impacts on your health and affect your daily activities. It is advisable to look out for the symptoms of this condition. If you are experiencing any of the above symptoms, it is recommended that you seek help for Fibromyalgia from a qualified physician.
After working for a long time at a certain company or institution, seniors will encounter the inevitability of retirement. It is that phase in a professional’s life that is supposed to mark the pinnacle of one’s career. You have worked your way to the top, and once you have reached the peak, it would only be a matter of time before you can recede into a life that’s a whole nother world. The thought of being able to relax for the first time and without a care in the world can pretty much scare you. But this shouldn’t discourage seniors to do something worthwhile during their retirement.
In fact, retirees can always find ways to keep themselves occupied. And that’s only a matter of knowing what they really want to do in their time. But as most seniors aim to travel the world and savor every dish imaginable, some will still want to spend their time looking for places where they can invest their pension money.
It’s never too late to look for nifty financial ideas and arrive at certain solutions to achieving one’s investment goals. For sure, you won’t be doing this just to accumulate more wealth. You will be doing this for the sake of your children and your grandchildren. Amassing a fortune at an age where you should be spending your days at a remote island in the Bahamas is still pretty much possible. You only need to know how to invest your money in financial plans that matter to you.
Here’s a list to get you started.
Set up a small business
At present, it has become easier for people to establish their businesses and secure an alternative source of income. For a lot of seniors, this means looking for ideas that will culminate in a plan for a small business.
What with social media and other technologies that make it easier for just about anyone to share information, it won’t be that difficult to create stores that sell whatever it is you are interested in.
Usually, financing your small business is one thing that you should need to focus on. Luckily for you, there are companies offering small business loans that will help entrepreneurs like you to start a venture without much of a heavy burden on your back.
Invest in stocks
Aside from setting up an enterprise, you can also invest your money in secured stocks. More often than not, a lot of retirees would get very fat pensions from government and private institutions. While you can always exhaust everything on a weekend roadtrip coast-to-coast, it is still best to set aside a portion to buy shares in companies that show a good standing in the stock exchange.
Already have investments in corporate stocks? You might as well set your sights on more secured treasury bonds issued by the government. They don’t really promire hefty returns, but these bonds offer a good way to invest your money and keep it from being wasted on Margarita parties.
Choosing where to retire abroad isn’t a decision that should be made lightly. After all, having worked
your entire life, you want to take this opportunity to relax in a warm climate and take long strolls to
the local beach, not regretting your decision to move abroad in the first place. We hope that this
post will help you decide the best destinations to retire abroad for you, whether it is because you
are seeking year-round beautiful weather, a high-quality life or low cost living. Find out the top 5
destinations to retire abroad below – and don’t forget your EHIC when the time comes to step on
1. Algarve Region, Portugal
One of the most popular destinations to retire abroad in Europe is the Algarve Region, located in Portugal. In fact, it has been said that the southwest region of Portugal in particular could be one of Europe’s most famous kept secrets, and we can see why! Algarve doesn’t just boast more blue-sky summery days than almost anywhere else in Europe though. In addition, you can truly make the most of the array of exciting activities the area has to offer, including numerous golf courses, with everything being highly affordable. As well as great weather and over 42 golf courses to choose from, retirement income is not taxed in Portugal. This means that you can receive pension income across the country tax-free. Result!
2. Valletta, Malta
There are numerous reasons why you should retire in Malta. If you love the sun, you’ll be pleased to know that you can enjoy fantastic weather as the country, on average, boasts more than 3,000 hours sunshine each year, and like the Algarve Region, Vallette is highly affordable. Life on this beautiful Mediterranean island is relatively inexpensive too, as cost of living isn’t high here. If you’re worried about leaving beloved family and close friends behind, you will also be pleased to learn that Malta has a great transportation system, and it is far easier to travel from place to place via public transport than in a car, so arranging regular visits both to your new home and your original home country is not an issue.
3. Saint-Chinian, France
Home to fewer than 2,000 residents, Saint-Chinian, located in France, is the perfect place to retire if you are seeking peace and quiet, and want to escape city life. This charming retirement destination boasts high-quality healthcare and good infrastructure, and thanks to the rapidly growing expat community, you won’t be lost for people to experience the slower pace of life with. Much like in Valletta and Algarve Region, the cost of living in Saint-Chinian is also low, so you can enjoy the better things in life, and be assured that you can live comfortably for years to come.
4. Lisbon, Portugal
As well as being a hot tourist destination, Lisbon is a great place to retire – and for good reason. Not only does Lisbon, the capital of Portugal, offer a calm but vibrant retirement, but it is perfect for those who want to escape the rush of fast-paced cities. Just like Valletta and Saint-Chinian, the cost of living in Lisbon remains relatively low, which is one of the area’s main attractions, and is perfect for those who want to stay surrounded by a little bit of English culture. Moreover, when you retire in Lisbon, you can expect year-round sun, modern infrastructure, affordable healthcare and a better quality of life.
5. Budapest, Hungary
There are numerous reasons why you should visit Budapest, even if you decide not to retire there. Not only does Hungary as a whole offer beautiful panoramic views, but it is one of the most historic countries in the world. Most importantly, though, expatriates enjoy living in Budapest for its friendly people, of which you are unlikely to find anywhere else. Nevertheless, if you are looking to bathe in the sun all day, Hungary may not be the dream retirement destination. Why? In Budapest, you can expect cold winters and dull weather from there on until summer rolls around.
There are numerous places you can retire in Europe, these are just five. With so many countries, cities and towns to choose from when you retire, retiring abroad is certainly not a light decision to make, and one that shouldn’t be rushed, no matter how eager you are to start your new life in the sun! Where will you retire?
When is the best time to learn an instrument? 50 years ago. When is the second best time to learn an instrument? Right now!
Perhaps you may feel as if you’ve missed the boat on the musical scene, but as you enjoy the extra time and freedom of retirement, you might be surprised to discover that picking up this new skill is not only ideal for your age group, but in certain aspects, can be even better! Don’t believe it? Read on.
1. You Are Already a Musical Encyclopedia
One advantage the older generations have over the younger ones, is that you’ve heard countless forms of music come and go, filling your memory with decades of different songs and styles. This knowledge alone will help you recognize certain chord structures and natural melodic flows, much better than a child who’s recently picked up the same instrument as you.
2. You Already Have the Discipline
Even if you believe that you don’t hold a musical bone in your body, you have still spent many professional years training yourself in problem solving and connecting life’s dots. Your brain is already hardwired to find the best approach at tackling obstacles, and unlike children, you are well-versed in the “practice makes perfect” methodology.
3. You Can Digest Concepts Easier
Music is all about the rules of sound, and the older you get, the easier you can delve into and analyze the abstracts behind the artform. Children may pick up skills much faster, but they have a tendency to learn in parrot fashion, whilst seniors have additional patience and curiosity to truly unravel the mysteries behind these scales and chords, which can become more valuable in the long run.
4. You’ll Enjoy The Learning Process4. You’ll Enjoy The Learning Process
For some people, they only wish their parents had forced them to learn an instrument when they were younger. But you must remember that a large majority of young people unwillingly pushed towards a musical pastime, ended up loathing this after school activity, and tend to remember it as a time of labor rather than pleasure. Adults who pick up an instrument do so because they want to, and play music for music’s sake, finally fulfilling an interest that they had fantasized about their whole lives.
5. You’ll Relieve Stress
Playing an instrument not only gently removes you from reality, but has also been shown to improve your overall mood and sleep patterns, which works wonders for your stress levels and general mental health. As anyone can attest to, even just listening to the right music can calm you down whilst massaging any depression into a higher place of euphoria. So why not make some music of your own?
6. You’ll Exercise Your Body
Ask a drummer and they will tell you: percussion performances are the same as a full body workout! Then there are wind instruments, which teach you how to breath properly and help expand your lungs, whilst the guitar is great for finger exercises. Just don’t forget to warm up and research how to strengthen your hand for maximum virtuoso results.
7. You’ll Exercise Your Brain
Like learning any new skill, playing music will challenge your mind to stay sharp and alert, which has been shown to increase your memory functions, and as a result, ward off dementia and Alzheimer’s disease. It also heightens your audio perception, as if training your nervous system to pay better attention to the world around you.
8. You’ll Avoid Boredom
One of the primary reasons most people tend to seek out fresh hobbies in their retirement years, is to escape the tedious monotony of no longer having as much work to do. Picking up a new instrument skill is one of the best known methods of passing the time, by filling your house with the relaxing sounds of music, whilst progressing your art further with each and every practice.
9. You’ll Build Self-Esteem
Spending hours in front of your TV may be what you imagined retirement to be like, but this dull behavior can destroy your confidence, as you end each day with nothing of any value to show for it. Learning an instrument will not only grant your life additional meaning, but you can also accomplish it without even leaving the house if you don’t want to.
10. You’ll Improve Social Interaction
Depending on your approach, you can even use your newfound passion to meet people. From visiting a tutor, to participating in group lessons, to having a topic of mutual interest with other musicians... there is no end to the links within the musical community. And who knows? Maybe you’ll even be performing with your band at next year's big social event! One step at a time.
The idea of pulling in a little extra income isn’t something that most people need to be sold on. But then there’s that pesky question of how — it’s not always easy to fit in another job opportunity outside of your usual grind. And when you do, that opportunity runs the risk of feeling like a drain on your precious free time. How to get around these pitfalls, you ask? Going to a magical land called Rover.com that will pay to you to hang out with four-legged furry friends.
What everyone’s wagging their tails about
Rover, as you can probably guess, isn’t your average side gig. This pet-sitter network is knit together by the experienced pet sitters like you, pet owners who use Rover for a variety of coverage needs, and the trustworthy Rover specialists themselves who make sure the entire experience is marked by strong communication and clear expectations. As a pet sitter (once approved), you have the power to tailor your Rover profile in a way that best showcases your pet-sitting experience and passion for dogs and/or cats.
The Rover application
As a testament to their high quality standards, Rover’s sitter specialists approve about 20% of the folks who apply to become sitters. Applicants undergo a background check to ensure that all dogs and cats in the network are in trustworthy hands, plus Rover asks that you include testimonials on your profile that can speak to your sitting abilities. When approved and creating your bio on your sitter profile, you get the chance to tout your own experience and passion for pet care.
On the job
Rover sitting means that you work when you want, with whom you want, and how you want. You can watch dogs and cats for a weekend while their parents are away, provide drop-in visits for walks or general company, and so much more. The Rover profile also makes it easy to outline the kind of work you’re comfortable with and the animal breeds (and sizes) you have the most experience caring for. The Rover site gives you the agency to communicate with potential clients and get a feel for whether a job is right for you, so you never have to accept a job you don’t feel comfortable with or ready for.
And as for the best part of being a Rover sitter, we don’t need to tell you. Four-legged friends are the best aspect of most things, after all — and this incredible side gig opportunity is no exception.
Written by Casey Dickson, Rover.com community member. Rover is the nation's largest network of 5-star pet sitters and dog walkers.
Aging is a beautiful privilege which comes with its own unique benefits and challenges, but it’s only natural to sporadically wish you could turn back the clocks a little bit. Unfortunately, as of yet, nobody has discovered the fountain of youth, but with a few minor adjustments, you can trick yourself (and everyone else!) into believing that you’ve discovered the magic potion. Here are 10 ideas:
Change Your Routine
If you live a life of rigid structure, consider shaking things up a bit. Wake up earlier than usual, eat something different for breakfast, replace your trusted brand of toothpaste, turn left instead of right, buy your groceries from the a different store… anything you can think of, do it differently. This will make your day feel brand new, and you’ll discover that there is a world of options just waiting to be explored.
Change Your Appearance
The exact same reflection in the mirror every day can become tediously repetitious, and so why not wake up to someone new? Get a haircut, shave the facial hair, and swap out your dated wardrobe for a younger look. Maybe even consider a facial piercing if you’re crazy enough for it.
Visit New Places
Nothing will make you feel younger than discovering unfamiliar territories, even if it is as simple as taking a leisurely stroll by the seaside or eating candyfloss on the funfair carousel. For those who have a bit of money tucked away, why not jump on a cruise ship or fly to a remote island, reigniting the spontaneous flare of living like a child again.
Don’t Let Your Ailments Slow You Down
Nothing reminds you of your gradual aging process quite like the body’s persistent moans of aches and pains. Annual checkups with your doctor will direct you towards the ideal solutions in alleviating your physical hindrances, and you can also experiment with other pain management alternatives to discover what works best for you.
There is never any excuse to allow the mind to grow stale, so keep your brain stimulated by learning a new skill or delving into a hobby you always wanted to try. Take up a language course, practice cooking the perfect lasagne, write your memoirs, or paint a masterpiece. These endeavors will jump-start that enthusiastic hunger for accomplishment, and provide you with a go-to project which automatically brings you joy.
How does the saying go? “You are the company you keep”? Using that theory, you could spend some of your time socializing with children, learning their latest lingo and embarrassing them when you use it in conversation. In fact, any form of human connection can boost your spirits and has been proven to contribute to an immeasurable amount of other health benefits. And don’t forget to seek out the funny side in any situation, as laughter is known to be the best medicine for good reason.
Put on the Classics and Have a Dance
When you think of your college years, what was the soundtrack to those exciting times? Load that music up and dance around your living room, replaying these meaningful moments as if you are back there right now. But keep it upbeat! As studies have linked faster music to an increased rhythm of the heart, and that will get your blood flowing and set your inner-youngster free.
While you’re basking in the delight of dancing, why not take it a step further and introduce more exercise into your lifestyle. Nobody is talking about becoming a bodybuilder or a marathon runner here, but rather taking a speedy walk every day, which will increase your energy levels and decrease your waistline closer to your sexier days of glory.
At the same time, don’t forget to relax a little. Go for a facial or a pedicure, perpetually lathering your skin with moisture to make you look (and feel!) younger. While you’re at it, treat yourself to a full-body massage from a professional, working out those miserable knots to rejuvenate your whole being. And, hey, if you sneak an occasional chocolate into your diet, who’s going to know?
No one has to tell you this, but the most powerful method of complete restoration is a full eight hours of uninterrupted sleep. From all the dancing and exercising you’ve been doing, floating away into a deep slumber shouldn’t be a problem, but it is still suggested that you turn off all distracting electronic devices an hour or two before you climb under the covers, as well as keeping any daily work responsibilities out of the bedroom to disassociate your place of rest with stress. Finally, a fixed bedtime comes highly recommended, as it sets your body clock in sync with your routine. Ok, goodnight!
There’s no denying that choosing to retire abroad requires a lot of consideration, and isn’t a decision to be made lightly. Not only are the factors that make a good holiday destination different to what makes the ideal location for retirement overseas, but you’ll need to consider your pension and your e111 application for healthcare too. But if your heart is set on retiring abroad, we’ve pulled together some of the best locations to do just that! Without further ado, here are our top European destinations for retirement!
Spain is one the best, and most popular European destinations for retirement abroad. Not only are you blessed with warm, long sunny days here, but you’ll get to enjoy life by the glistening Mediterranean seas. You can eat the most mouth-watering paella whether plain, mixed with fresh seafood or alongside roasted red pepper, aubergine and onion for a Spanish twist. With a variety of affordable towns to choose from, what more could you want?
There’s no doubt about it, France is the second most-popular place for Brits to retire (after Spain of course)! There are several reasons to retire in France, from the affordable, great quality of life the country has to offer, to the bright blue skies and breathtaking landscapes. Retiring in France also means you are only a mere ferry ride or short flight away from your friends and family – living in the heart of Toulouse or “Little Paris” has never sounded so tempting!
Retiring in Malta is a move you’re pretty much guaranteed to enjoy. After all, who doesn’t want to wake up to the care-free warmth of island life? – Well, outside of the UK, of course. Located in the centre of the Mediterranean Sea, halfway between the narrow peninsula of Gibraltar and Alexandria, Malta is a fantastic place to retire - or move to at any age for that matter. Not only will you find sunshine during the height of winter, but the welcoming English-speaking locals make you feel even more at home. You certainly won’t find it difficult to adjust to life here!
There are a number of reasons that many people flee to Italy when they retire. The likes of Abruzzo, Le Marche, Puglia and Tuscany are beaming with sun-hungry people seeking a well-deserved new life in the sun. With mild winters and hot summers, living in Italy is also the perfect place to indulge in specialities from all over the world – not to mention the endless opportunity to get your fill of pizza or pasta, or take a shot of espresso in an alfresco café on the waterfront.
No matter where you decide to retire in Europe, make sure it is right for you, your partner and your family. The decision to move abroad should never be rushed, retiring or not! After all, moving to an entirely new country is a little more daunting than simply moving town. Living abroad massively differs to life in the UK or anywhere for that matter, but it is certainly appealing to those wanting to relax in the sun and sip sangria on tap.
Online dating is no longer a new aspect, and it seems to be the preferred way of meeting a partner in life. Therefore, there is an increase in the number of subscribers. These include both the young generation and the seniors. For the seniors and to be specific over 60 dating online might not be an easy thing for them as may seem for the younger generation. There are senior sites for over 60, but still, it is hard for this group to achieve a successful experience when they are trying online dating. Here are some dating tips for over 60 dating.
There is Always Someone for Everyone
Don’t shy away from proposing to someone. There is always someone for you, and they might be the one you are just looking at. Therefore, when you log on to over 60 dating sites, go on and propose to that special someone who attracts you. Some over 60 dating men or women will feel like it is a mistake to propose to someone they meet on the dating site. You should ask yourself why that person posted their profile there, and don’t shy away. They are also there because they are looking for someone to love them. That is the right time for you to start the conversation so go on and start.
Age is Just a Number
For many single men in the age group of over sixty, they will feel like they are not fit to be dating. There are millions of singles just like you who are using online dating to seek for partnership. Everyone needs love and wants to be loved too. Therefore, don’t lock your opportunities because you think you are old. The good thing is that we have senior dating sites over 60 and therefore age should not tie you from dating when you feel you should. Remember the age is just a number. Actually, you might also try dating sites where you meet other ages too.
You Can Have Many Activity Partners
Over 60 Dating is not only about the companion. You can find several activity partners, travel mates as long as you want to. Therefore, go on and propose to multiple partners and play your cards well. Dating is fun, and you should not limit your fun. There are several senior dating sites for over 60 and even dating sites for seniors over 70, 80, this allows you to explore and feel the difference. After all, you are about to retire, and you will be less busy. Have fun while you can and enjoy life. Date as many as you want.
Watch Out for Those with Hidden Agenda
Some people will pose as people ready to date you, yet they are after your money. Not all dating profiles on the applications have genuine people. Choose the sites you use wisely and don’t go into it very fast. Take your time and think well of the person. If you identify some traits that suggest not too good, just leave the person.
Don’t share sensitive information anywhere public, you can disclose those to the person who qualifies to be your dating mate later.
Useful Reference Source:
Retirement may be the ideal period of your life to relax and smell the flowers, but it should not be an excuse to slow down to a complete standstill. In fact, research has indicated that those who keep their mind cogs whirring and their legs marching forward tend to live longer with more fulfilling years to show for it, which is why you should stay motivated and really squeeze retirement for everything it’s worth. And here is how to do that.
1. Stay Physically Active
One of the biggest temptations in the retirement world, is to sit around all day in your underwear and watch TV. While this may seem like a fun idea for a while, your body won’t thank you in the long run, as your blood flow will struggle to reach all ends of your system and your muscles will slowly begin to fall asleep.
Your goal should be roughly two and a half hours of gentle exercise a week, which is not a lot to ask. Just by keeping it slow and trying new stuff (like cycling, tennis, or even walking a dog), your will find your energy levels increasing and your endorphins flowing, making you healthier, more alert, and much happier in these golden years of your life.
However, please speak to your doctor before you try anything you’re unsure of, and keep your emergency contact and medical details on your person at all times. Remember, medical alert bracelets and necklaces can save your life!
2. Stay Socially Active
Humans are social creatures by nature, which is why retreating into a shell of retirement reclusiveness could negatively impact your mood, and even stagnante your brain. Even if you’ve never been one for casual conversation, you can still reap the benefits of communal interaction by joining local clubs, or volunteering your energy to a worthy cause.
Of course, you should not forget those who you are already close to, and devoting your newly freed up time to your loved ones could be the most rewarding part of this new chapter in your life. Pick up the phone and fill your calendar up with these exciting engagements as quickly as possible!
3. Start a Hobby
During those tiresome working years, it always felt like you had a million things you wanted to do, but never had the time to do it, right? Well, now you have the time to do it! Get a pen and paper, and start listing what those projects were. Some examples may include: learning an instrument or a new langauge, cleaning out your garage, gardening, assembling rare collectibles, photography, scrapbooks, pottery, cooking, playing chess, reading a novel a day, writing your own novel… this could go on forever!
Simply put, retirement is not an excuse to let your brain fall asleep. Aim the momentum of your working mode at the stars, and stuff your mind with skills far beyond your comfort zone.
4. Make More Money
Wait, didn’t you just leave your job? Why would you want another one? Glad you asked. Some of the answers include: to keep your keys in the ignition, to give your life more purpose, and to raise your reserve funds. Because who doesn’t want more money? Anyone?
Retirement could be the perfect time to experiment in a field completely unrelated to your previous job. For the more adventurous, why not attend a stock exchange course and give that a try? Or perhaps use your previous experience to educate eager minds? Or start a new business revolving around an idea you had many years ago? If this all sounds a little daunting, then keep it simple, by volunteering, watching people’s empty houses, or becoming a tour guide. Just be careful not to invest too much of your capital into any given project, and when in doubt, always get professional advice!
5. Plan a Holiday
Why not escape real life for a while and take a trip somewhere you’ve never been? As everyone knows, even planning a holiday can be almost exciting as the holiday itself, as you eagerly tick the days off the calendar while the big event approaches. And then explore the world as far as possible, taking hundreds of photos along the way so you can boast to your friends.
Even if this is not a feasible option or if you want to kill time in between your big trips, simply do the next best thing and probe your local area. Walk a different direction or investigate a nearby park with full intention to get a bit lost (just don’t forget the map!). Become the neighborhood expert of your suburb, until the veins on the back of your hand start to resemble the roads that surround you.
In summary? Get moving!
What to Expect
The path to retirement is a complex and arduous one, a journey that requires careful planning, diligence, and financial investments. However, once a retiree reaches the brass ring, they may find themselves unfulfilled – perhaps they enjoy tasks, busy work, organization, or routine, aspects that drifted away during their tenure at a full-time job.
In the same vein, some are marching towards their seniority with the wind on their backs, scouting for work to help them prepare financially.
Whatever the case, some adjust to their golden years by seeking comfortable part time work suited for older individuals. Thanks to technology, the internet, and living assistance, options are abundant and most boomers find themselves a position that is both rewarding and practical.
It’s not an uncommon practice, either. According to the Bureau of Labor Statistics, 40 percent of individuals at age 55 or older were seeking employment in 2014 alone. This value is expected to increase as opportunities expand.
What does that mean for you as a retiree – or someone on the way to retire? You’ve got flexible routes to earn consistent income. But the question is, how do you find the right job for you?
There are various resources to help you locate employment that fits your needs, along with tips for elderly individuals to help them get back in the swing of modern jobs. For instance, we have a large cache of tools you can use to assist you in finding work.
You can also look to your caregiver (if applicable) to help you when seeking employment. This can range from anything – from helping you freshen up your resume and supplying it to the relevant websites – to transportation and physical assistance where necessary.
Preparing for Employment
Though a retiree may not have worked for several years, the formula for gaining employment is still very much the same. As someone looking to rejoin the workforce in various industries, you should make proper accommodations and preparations, just like anyone would when seeking jobs.
Some of those preparations should include highlighting various skills you’ve gained over the course of your life’s work. Specify them on a resume, integrate them into your cover letter(s), and mix them into the interview process. If relevant, you can ask your caregiver to help you practice.
This is because modern workforces are adaptable and welcoming to older generation workers. According to AARP and Towers Watson research, business owners found that 50+ workers had the skills, motivation, and experience they needed for new work.
This doesn’t mean looking for new jobs will be a breeze – all companies and positions have their own requirements, as expected. But in the same vein, you aren’t approaching a job market which is only friendly to the young and newly trained.
Questions to Ask
If the idea of finding work for retirement still interests you, it’s a good idea to “survey” yourself about the various expectations you have for new jobs. We’ll highlight those questions in just a moment.
While we’ve pointed out the opportunities available, not all of them are a match for individuals. As a retiree (or soon to be retired) you have to consider what matches to make sure your path to new work goes well.
These questions will (hopefully) give you an accurate assessment of your current capabilities and goals. We assume that as a retiree you’re looking for fulfilling work, but not something that interferes with the time spent in your golden years.
Additionally, we understand you may soon plan for retirement, and are looking for avenues to create financial stability, while still minding what you can or cannot do.
Based on these questions, you might want a senior level position with solid benefits and good pay. Or, you’d like a casual part time job that pays around the minimum wage mark – but doesn’t have the same demands.
However, even as an experienced individual, the bigger the fish, the harder it is to fry. AKA, higher level positions are challenging to come by without specific experience. For instance, a Senior Customer Management Specialist might require experience in the relevant industries going on for 5+ years, along with educational requirements like an associate or bachelor’s degree.
So, while it’s admirable to seek out high-level positions, understand you might face frequent pushback, whereas other forms of work will accommodate you easier.
The Caregiver’s Role
You and your caregiver are a team, and as such, you can work together to make sure the transition into retirement or retirement work is as smooth as possible.
Even better, family and friends can work as a paid, full time caregiver assistants through the Consumer Directed Personal Assistance Program. Because the elderly is often impoverished and rely on financial assistance for so many things, having someone they know (and cares for them) is a relieving prospect.
Additionally, compensation for caregivers is often handled on friendlier, positive terms. There are third party resources that pay them, or, you as the elderly can write up freehand contracts to have them compensated.
As a retiree or someone soon-to-be retired, you’re not alone. Hopefully, our resources give you an idea of what you can expect in a modern-day workplace, along with how your caregiver can help (and benefit) you along this journey.
Christmas is fast approaching. Given the tough economic times, most households would appreciate making some extra money to take care the numerous expenses that come with the festivities. With the rising prices of commodities, the average cost of celebrating Christmas is going up every year. Sadly a majority of people splurge hordes of cash and end up starting the new year in debt.
Decluttering makes an excellent way to make a few more pennies. It also creates space for new presents and takes advantage of cheap Christmas bargains. Keep in mind that this is the time you will host friends and the family members, hence the need to create a neat and tidy house for them to stay.
What to Sell
Your kids/ grandkids may have all grown up now but I’m sure you would be surprised at how many toys have been left lying around in the house or in the loft. Many toys especially older wooden toys or any new ones in a good condition are in demand especially this time of year
Selling old electronics such as mobile phones, cameras, TV’s, games consoles, video players etc can make you much more than you might think, even in a broken condition.
Many people buy these items to either recycle them, repair them or use them for parts, especially older rarer items that are difficult to get hold of can be very sought after to the right person.
Videos, CDs and DVDs
Now that video, DVD and CD players are no longer a necessity with everything available straight from your TV or phone it’s a good opportunity to clear out any unwanted items of these. Although home videos of family and your favourite greatest hits albums will always be treasured I’m sure there’s plenty you can say goodbye to.
Old furniture can be a huge money maker as more people are getting into the re-upholstery and upcycling business and always on the lookout for old unwanted pieces they can restore. So although it may be tired and worn this doesn’t make it worthless.
Check your wardrobe for old clothes. Some people may have a hard time deciding what to sell; if you have not used a special dress for a year or more, the likelihood is that you won't wear it in the future. Be sure to involve the whole family in de-cluttering the house to make as much money from the sale as is possible.
Where to Sell
It makes a convenient way of selling used items. While users can sell anything on Craigslist, it is designed for large items like furniture. If you are not sure about the right price to charge the item, use the Search icon to view the cost of similar items. Insist on taking cash and the presence of a few friends at your home if the buyer wants to see an item before purchasing it. Multiple pictures, a detailed description of the item and providing a specific location helps attract serious buyers.
Online Yard Sale
Setting up a physical garage or yard sale is the most popular way of selling old items. However, it is pretty time-consuming, labour-intensive and you may not make as much money if you are living in a small neighbourhood. The recent craze involves selling items through online yard sales. It mimics the traditional yard sale only that it is done online.
To find an existing garage sale, search on Facebook using your neighbourhood's name. If you don't see one, create your online yard sale. There's no restriction as to the kind of items you can sell through this platform; kid’s clothing, furniture and toys are some of the most popular items. An online yard sale is safe as the seller can view images of the person buying the item.
It makes the best platform for selling used items when decluttering. eBay is ideal for people selling small items like coffee mugs and books. To save on time, look for similar items that have been sold recently; you may use eBay's Advanced Search setting. You should also take some good photos of each piece you intend to sell and create engaging listings to attract buyers.
Consignment Stores or Sales
The technique may not be as popular in the recent times, but it makes a good bargain for your items when compared to a yard sale. You only need to stop by the store with your clothes or other things and wait as the attendants look over them. When you have sold $ 10 or more worth of clothes, they contact you to collect the cash. Most areas have kid's consignment sales.
Book Buying Back Sites
If you are selling unwanted books, consider book buy back sites like Amazon, Sell Back Your Book and Cash 4 Books. Books and textbooks written by famous authors sell fast and at a reasonable price. If you just graduated, you may want to sell the books now before new editions are released.
Making some extra cash by taking part in a de-clutter exercise before Christmas creates space for new items and also leaves your garage and house neat. However, the activity makes a temporary way of boosting your budget as you may run out of things to sell over time.
Here are five tips for a successful job detox you can begin today.
1. Accept more time for yourself
While you were working, you would have spent most of your time focused on others and the organization your worked for. But now you have the time to think about what you want. Accept this as a gift. Kick back, prepare a cup of joe (or tea), and just…be. This precious time will help you figure out what experiences you may have missed while you were employed. Then you can take the necessary steps to begin capturing (or, re-capturing) some of those experiences. This is also a good time to create a “Lessons Learned” list where you write down all you learned about yourself and others during your years of employment. This can prove helpful in your next phase of life, whatever that may be.
2. Create a gratitude list
And speaking of lists, during the first phase of retirement, try also creating a gratitude list. Even though this is one of the easiest rituals you can do, it can give life to a large number of benefits in the long run. A gratitude list can set the tone for the coming weeks by elevating your feelings and sharpening your perspective. Ironically, it is during times of severe irritation that gratitude lists can have the most beneficial impact. Even fake it, if necessary. Begin writing what you are thankful for (even for waking up alive this morning) and, over time, the “intention/reality” connection will form.
You have been dealing with various stressors for decades and now it is the perfect time for you to decompress. Daily meditation can help. Meditation has been shown to reduce stress and anxiety, help you get a better night’s sleep, and even relieve pain (mind over matter? Yup!). Putting just 10 minutes aside each day to clear your mind and open yourself to the universe will bring renewal to your soul and body. Start small. Find a quiet place and just focus on your breathing and how your body moves with each breath. Go easy on yourself when your mind wanders. That’s normal. Gently call yourself back to your breath and start again. It gets easier with time.
4. Pay attention to your health
Busy schedules and work demands have a way of nudging out healthy eating and exercise. For example, you may have resorted to junk food for long periods of time, and found yourself scarfing down lunches in order to get back to work. Now you have time to explore best ways to optimize your health and well-being. Stretch when you wake up, get outside, drink lots of water. Long walks with loved ones is a great first step. Visit your doctor, have a check-up, make a plan, and start some better practices. Few investments return better than those related to your health.
5. Help others with your expertise and experience
Throughout your years of full-time work, you have accumulated tons of expertise and experience. Now it is the perfect time for you to share the career assets you have accumulated with others in need. You can easily do this through volunteering for a cause you believe in, taking on a big project you know needs doing, or even starting a side business based on the expertise and experience you’ve accumulated.
The point is you now have the awesome opportunity to re-design your life and career based on your own values and your passions. The successful job detox provides a clearing for new possibilities to emerge. Go for it!
Peter Spellman helps people discover their next calling through practical online courses and coaching. Find him at Nextcalling.org.
It is no secret that divorce is on the rise for people over the age of 50. As America’s population continues to age the upward divorce trend shows no indications of slowing down. Divorcing after many years presents many issues that younger couples do not have to face. Spending decades together building a life together can be complicated to untangle.
Washington is a community property state, and the money that is earned during the course of the relationship is characterized as part of the community. This means that the money earned is considered the property of both spouses. Furthermore, this extends to pension accounts and retirement accounts.
The accounts will be split between both spouses in the event of a divorce. Typically the court will try to divide the assets evenly; however, this does not mean that both sides will receive the exact same share. The court looks at the position of both parties and does what is just, given the entire circumstance. Dividing up the savings that has been accumulated for years prevents many older couples from pulling the plug on their marriage.
One of the most important assets that a couple shares together is their home. After many years of marriage the house can have thousands of dollars in equity built up, or perhaps it is entirely paid off. This then becomes a very important asset to both spouses.
As we stated above in a community property state such as Washington, the court looks divide property evenly. In a situation where one spouse chooses to keep the home this can amount to hundreds of thousands of dollars. If this is so, then other assets such as retirement, pensions, spousal support, and other household valuables may have to be reallocated in order for everything to balance out.
There are many other considerations that go into a divorce after many years such as alimony payments, and even perhaps family pets. The team at Humphrey & Associates understands these complexities and has achieved much success as a Bellevue divorce attorney. We specialize in splitting property in a way that is just and equitable takes time and consideration to do properly.
Retirement planning is all about keeping your eyes open for all the opportunities that are available for
you. One of the opportunities that are rarely taken into account is offered by the 1031 exchange. This is
basically a special type of real estate transaction through which capital gains are completely avoided.
Even if you do not reap on all the benefits associated with the practice, heirs can. Real estate investors
are often looking for such properties so maybe you might want to do the same.
Explaining 1031 Exchange Properties
To put it as simple as possible, 1031 exchanges happen when you exchange a real estate property for another with the purpose of making an investment. If a specific transaction is labeled as 1031, there is no tax that has to be paid or the tax will be limited. Absolutely no limits exist in regards to frequency or number of times exchanges happen. Profits can appear with every single property swap and taxes are avoided until you are selling the property for money. This is when you hopefully have a much higher value for the property and there is long term capital gain that appeared.
Most people are aware of the fact they can sell investment land and then buy office rental property. Capital gains are automatically gained in most situations. In order to transform the experience into 1031 exchange properties investments, investors need to:
According to the IRS, the 1031 exchange is not going to be possible when exchanging:
When the real estate sale and the purchase are qualified for 1031 exchange (commonly referred to as Starker or like-kind exchange) and you are meeting time frame requirements, the government’s money end up being used to grow holdings.
Real estate investment property value increases automatically as you repeatedly trade in order to increase rental income or value. Capital gain taxes are deferred with every single swap. Money that should have been paid in taxes end up in your pocket so you have higher equity for the following transactions. This is really interesting as you prepare for long term value increases for all the real estate investments and it is the government that becomes a partner to your real estate portfolio growth.
At one point in time the final sale is going to happen without the 1031 exchange. This is when you need to pay taxes for the accumulated capital gains. In the event the investor dies, last property cost basis will be adjusted based on the current value. Heirs are not held liable for the accumulated capital gains taxes. This is why many consider the 1031 exchanges as a part of the long term retirement investment plan that they set up, with a premise to leave for heirs.
Retired Brains does not offer direct financial investment advice, nor do we affiliate ourselves with any particular financial advisers or firms in the United States or worldwide. Rather, the sole purpose of this article is to present educational, helpful information that can help you decide what kind of investing strategy is right for you in your retirement. If you are interested in learning more about property or pension fund investing, we recommend seeking out a reputable adviser or firm in your area for assistance.
Life expectancies are increasing so retirement years extend. This makes many retired seniors think about opening a business. That is definitely not something unheard of since around 15% of those that are 55 or older are now expected to start a new business in the US. You can obtain pretty good annuity rates from top rated annuity companies and you get access to savings so why not open a business? If you do want to do this though, you want to prepare yourself for the potential pitfalls, with the following being the really common ones.
Misaligning Goals With Lifestyle Habits
The retirement entrepreneur often decides to open the business because of being bored. After some time the individual ends up realizing that they would rather do something else. By the time you figure out the fact you want to do something else it may be a little too late as much time, energy and capital were already invested in the business.
Remember the fact that when you run a business the entire process will be challenging. When you really want to spend more time with the family, it is a huge disservice to launch a new business since you would most likely end up working much harder than expected.
Evaluate all the goals that you have at the moment in relation with your life and the business you may want to open. This will help you to see if they align in any possible way. When so, your approach becomes much more balanced and life would be better.
Too Much Risk
After a proper assessment was done in regards to goals and your conclusion was that you want to start a new business, you want to actively understand risks. Businesses do mean that startup capital is necessary and financial pressure tends to be high. A huge mistake is to fund businesses with retirement savings since if the business will fail, you end up without money. Rebuilding savings after you are retired is really difficult.
Not Enough Physical Stamina
Running and even starting the business will be a feat for the entrepreneur. When health issues appear, you want to be completely honest with yourself and decide if it is a good idea to open the business. Think about the energy and time that can be devoted to the entire operation. Failure risk will further impact health so this needs to be absolutely taken into account. A highly successful business will be demanding, especially when looking at startup phase.
Too Much Optimism
Time will not be an ally when you are older as an entrepreneur. There are not many years that will be available to fix possible mistakes. Mistakes are going to happen so you need to be careful that you do not make really serious ones. If you are way too optimistic you open the doors to failure since you do not have all the time that the younger entrepreneur has. What is important is to always understand and accept that success will not be guaranteed. This is the type of approach that the retirement entrepreneur needs to have.
It has been said the easiest instrument to play is the ukulele. It's not only easy, but it's one of those instruments that has a sound that can go from beautiful and classic, to fun and raucous. As will be seen by the seven easy ukulele songs included here for beginners to learn.
You can find more help at ukulele-lessons.com and anywhere on the internet look up "helpful ukulele tabs", but I prefer looking up the actual chords for easy ukulele songs, and then add 2 or 3 chords to your search.
There are multiple benefits of learning an instrument as you age.
The Brain and Social Interaction
You develop your brain by using several parts that keep your mind sharp. As stated on the link above, playing an instrument does for your brain what circuit training does for your body. It incorporates various sections of the brain that need to function while playing and learning the instrument. These functions you need to keep the brain healthy as you age.
You socialize with others who play instruments. What better way to find friends with similar interests? I have made more great friendships with fellow musicians than any other hobby. Get out and start "jamming" with others!
Personality and Self-Esteem
Each instrument brings out a part of your personality. Just because the ukulele is the easiest to begin playing, it doesn't mean you have to only play the ukulele. When I was young I learned the guitar. It made transitioning to the ukulele very easy, but from that instrument I went on to play piano, percussion and drums. It's like learning a new language. Once you learn one, you find the rest are easier to pick up on.
As we age, its nice to know there is something that will make us feel both useful and capable. The ukulele, like any instrument, will give you a sense of self-esteem, especially if you are tackling it at a time everyone is telling you to slow down and just stop. Well this is the exact time you should start.
Physical and Senses
Whenever you play an instrument you are using fine motor skills. The ukulele stretches the fingers and bends the arms, incorporates the shoulders and muscles you don't usually use. Don't forget to use good posture, as well, whenever you play an instrument. Your body will thank you in the long run.
There is no doubt listening to music builds the sense of hearing and brings all those parts of the senses you need to truly appreciate sound.
Emotional and Self-Worth
Sometimes, when you are alone there is something comforting about playing an instrument. Its what I call, "soul charge." An instrument will undoubtedly charge you when you're feeling down. It's one of the best cures for depression.
To tackle something after age 60 always makes us feel we're still learning and moving forward. That's always a good feeling. In fact, tackling any new task at any age is well worth the challenge.
As an old Danish proverb states, "Age may wrinkle the face, but lack of enthusiasm wrinkles the soul."
So please, try these seven songs and enjoy learning something new!
Here's to taking up an enthusiastic new hobby!
It can be easy to forget about the importance of saving up for retirement when it’s still decades away. This is especially true now that the retirement landscape is changing; the days of retiring at age 65 are becoming a thing of the past. Now that our life expectancies are increasing, people are able to work well into their seventies, and working from home is becoming more commonplace, we’re starting to rethink the best ways to save for retirement.
Part of this planning involves understanding how certain life decisions can affect your retirement savings. Here are a few personal choices that most people make during their lifetimes, and how they can influence your retirement savings decisions.
Building a Family
Without major reform, Social Security benefits will need to be cut by 23% in 2033. This means that you need to plan ahead to make sure you have enough money to retire comfortably without relying on Social Security checks. A significant part of this plan involves when (or if) you get married or have children.
Due to the skyrocketing costs of weddings nowadays, spending a significant amount of your earnings on a wedding and other big-ticket items generally causes you to have to retire later than people who save that money for retirement instead. Furthermore, if you don’t fix your credit, you run the risk of scrambling to pay off debts instead of funneling that money towards retirement.
Furthermore, especially for people with lower levels of income, having kids is often one of the biggest factors affecting retirement savings. For instance, if you have a child closer to middle age, it’s likely that you’ll need to work longer and cut back on retirement savings a bit to cover the child’s living – and, often, college – expenses.
On the other hand, if you finish having kids in your 20s or early 30s, you’ll often finish footing the bill for them by the time you reach middle age. The combination of higher earning power due to experience and no longer supporting your children equates to accumulating more money for retirement.
A couple that retires at age 65 today can expect to spend about $245,000 on healthcare throughout retirement, making it especially important to be conscious of your decisions surrounding healthcare when planning for retirement.
Now that fewer employers are offering retirement health care benefits and health care costs are rapidly increasing, it’s becoming more important to think about what you want to do regarding catastrophic health care and long-term care costs when you retire. Once you’re no longer working, it’s likely that you’ll face increased costs for medical insurance coverage – despite Medicare. Because of this, consider buying supplemental Medigap insurance to pay Medicare deductibles and copayments, as well as to protect yourself against emergency health expenses.
You should also consider planning for retirement-age long-term care. You may need long-term care when physical or mental disabilities impair your ability to manage basic, everyday tasks. Unfortunately, this type of care can be expensive, especially as people are starting to live longer. Consider purchasing long-term care insurance to help offset this and factor it into your retirement income needs.
High and Low Risk Investments
Different types of retirement investments carry different risks, so it’s imperative to understand those risks and how they can affect your retirement income to best set yourself up for a comfortable retirement. This is especially true considering that men have a 78% chance of living to the age of 75 and women have an 85% chance, as the decisions you make about investment risk now can affect your life for possibly decades after you retire.
Basically, investment risk is derived from fluctuations in the market that can result in depletion of your retirement savings. You can generally assume that market fluctuations will average out over time, but it’s important to consider how much time you have to save up.
Low risk investments provide lower returns and higher risk ones provide higher returns, so it can be tempting to put a lot of your retirement money into a high-risk investment. However, since the market doesn’t always provide positive returns and can provide negative returns for a few years at a time, it’s important to avoid high-risk investments when you’re close to retirement age. When you’re younger, you can afford the lulls associated with high-risk investing since there’s time to recoup losses. As you reach retirement age, it’s often a better strategy to have a mix of low- and high-risk investments to keep you comfortable.
Thinking about saving up for retirement may not be the most glamorous use of your time, but it will certainly pay off in the future. By paying attention to your life choices now, you can set yourself up for maximum comfort as you age.
What are some other important factors to consider regarding retirement savings?
Is lifelong learning a recipe for aging well? It is according to researchers. Here’s why your education should never stop, even when you’re well past traditional schooling age.
It’s hard to talk about well-being without encountering the ideas of lifelong learning. This is especially true for retirees, who can reap all sorts of benefits by enrolling in a class. Those benefits aren’t just intellectual benefits, either. Lifelong learning can benefit senior health and act as a preventative agent for some mental and physical ailments. Here’s how.
1. Taking Classes is a Good Way to Combat Restlessness
Many of the benefits of lifelong learning for retirees have to do with socialization. As people retire or begin to age, they are more likely to become restless, particularly those who live alone or haven’t replaced work with a hobby. If you have retired from your career and you are not an active part of a community, how do you spend your time? Take a class! This will allow you to meet new people and acquire new skills or knowledge.
You may think you can learn things from the comfort of your own home and your television set or computer. This may be true, the history channel has a wealth of educational programming, but it won't provide the same social opportunities. If you want to fight restlessness, you need to stimulate your brain through continued learning and social interaction.
Why is social interaction important? Restlessness, if left unaddressed, can turn into loneliness.
Loneliness contributes to a number of health problems, including:
There are more health risks associated with loneliness, but this gives you an idea of how loneliness can negatively affect health.
Enrolling in a class helps enrich life on several levels, not the least of which is the social aspect. Whether it’s enrolling in a course at the local community college, gathering for classes near home in a senior living community, or participating in courses online, a class is social and helps seniors form bonds with like-minded individuals.
Social interaction and mental stimulation are great ways to combat restlessness, loneliness, or depression.
2. Always Learning Means Staying Sharp
After retirement, there’s less stimulation to keep us on our toes. Finding new challenges in a class can keep the mind sharp.
You never know, you may set out to sharpen your mind and find your passion along the way! Once your children have left the nest and you have retired from your obligations, it’s time to look inside yourself and find what makes you happy and what gives you purpose. Try new things! Take a dance class, learn to paint, expand your pallet and your recipe list. As you sharpen your skills you will be one step closer on the journey to finding your passion.
3. Classmates Can Become Friends
Another issue some people face after retirement is an ever-narrowing social network. Going back to school, whether it’s for accounting or basket weaving, can open up new channels of socialization as we meet people both inside and outside the classroom.
4. Learning Makes the World More Interesting
Maybe Gandhi said it best:
“Live as if you were to die tomorrow. Learn as if you were to live forever.”
― Mahatma Gandhi
Learning about the topics you love, that spark your interest, can add a new dimension to life. Everyone benefits from broadening their horizons, even seniors who’ve already packed a lot of experience under their belts.
A great way to continue learning and challenging yourself is to engage with your grandchildren or younger members of the community. As the old adage goes, everyone knows something you don’t – exchange experience and knowledge with younger generations.
5. Learning is Fulfilling
Many retirees and older Americans find a surprising challenge in their new lifestyle: how to stay busy with all that free time. Many miss a daily routine or a set schedule. A class can bring regularity to the week’s schedule that many crave, and fills the time in a way that makes one proud. Wouldn’t you rather end the day knowing you enriched and challenged your mind?
Have you ever considered learning a new language? This could provide new and exciting opportunities! You can make new friends, try a new restaurant that offers exotic cuisine, or even travel with your new ability to communicate and translate.
6. Continuing Education May Help Reduce the Risk of Alzheimer’s Disease
A little earlier we mentioned that taking a class keeps the mind sharp, but did you know it can help prevent or delay disease? Continued learning has been shown to help stave off the kind of cognitive decline associated with Alzheimer’s disease, according to a study released in 2012. Again, it seems that daily challenge is good for the brain, just as daily exercise is good for the body.
Want more than just mental improvement? Physical exercise has also been shown to improve brain function and increase lifespan. Click here to continue your path to learning with 7 must-do exercises for seniors.
These are just a few reasons lifelong learning benefits senior health and keeps us younger. There are plenty of classes out there, so take your pick. If it’s not for you, try another until you find one you like. You’ll be improving your mental health and feeling younger while having a wonderful time.
At Acts Retirement-Life Communities, residents are encouraged to continue learning and use their skills to better their community. Since Acts offer’s maintenance-free, resort style living, residents are free to pursue their passions, pastimes, hobbies, and enjoy the multiple social opportunities offed.
Being single at an old age could be as a result of three reasons. One is you choose not to be in a relationship until age caught up with them, or because the relationship you have been in is no longer working so you divorced, and lastly which is sad, you lost your partner through death. Either of the above, everyone needs a companion in life and especially when you are old. You need someone to share ideas with, to love and cherish, or even to have fun together.
There are three common options for older singles who want to start dating. They are as discussed below.
Dating people of your age group
For some old singles, they prefer age mates. These will want to date someone they have the same life experience with. For some reason, they think younger people could be wasting their time. This is a group of singles who believe that they can’t learn anything new from the younger generation. They want to hang out with people of their age group because they can’t find fun in persons of different age group. Sometimes these are conservative people and don’t want exposure to any other generation.
Well, this could be advantageous because as the old adage goes, “Old is Gold”. Old people are full of wisdom and for this category of singles; they know that this wisdom can only be found in their age counterparts. Another reason for this could be because they have children to take care of and they want age mates they can trust with their children.
Not Specific to Age Group
This is the group of senior singles who are open to having a relationship without being specific to a certain age bracket. These will register on dating sites for seniors and are open to anyone who is willing to mingle with them. May it be a young person or the older person, for them age is just a number. For these, they are looking for a mix of experience and value. They believe that they can learn from anyone and they can find love and fun in anybody irrespective of their age, as long as they admire the person.
The Rich Want to Be a Sugar Daddy
These are opportunistic, and they know they can use their wealth to influence. These old folks are looking for the young and beautiful. This is the group that you will find hanging around college cafeterias poising as “hungry lions” they look around flashing their wealth singing “spend my money”. College girls are looking for sponsors. They want to find a sugar daddy to pay their bills and this is what these oldies want to satisfy in the lady. Well, some will do it with good intention, but others will be looking for fun only. They are wealthy, and they have the potential to pay the bills.
In today’s lifestyle, being 50 and single is not a big issue. You can find love anytime you want, and all options are available. Dating is fun and gets better when you find a companion you can love and cherish.
Single seniors want to be loved too. In fact, this the time when you are less active, and you are thinking too much about your life. You are about to retire, and you will be lonely at home unless you really love the TV like Obama, but you will also find boredom in it. Well, Dating again or for the first time, is a good idea for you. You need someone to remind you important things you might forget because memory loss is related to your age. Here are some nice tips you need to be aware of before you start surfing about best dating sites for over 50.
You Need Someone Who Can Help You Manage Your Wealth
You are about to go on retirement, and the pension check is on its way. Older people have worked so hard for the many years, and they don’t want all the effort to go down the drain in a night. You need someone you can trust with your real estate business because you worked so hard to put up the apartments. It could be a bad moment if you date a person who will squander all your wealth and leave you bankrupt. This is a companion who will tell you “Honey, watch out you are about to sign a fake contract”. He or she is a person who has good will for you and wants you to prosper further. Next time you are looking for a companion, I hope this will make sense to you.
You Need More Love and Care
As you age, you will not be able to do most of the things you can manage now. You need someone who will enable you to achieve the same things you are always ambitious to achieve. This is someone who will love you and care for you while enabling you. Medical care and physiological care are some of the things you’re newly found love should be able to give you. If you fall for a person who is not concerned about you and even worse doesn't love you, life will be stressful and will lose meaning.
Sex Matters Even After 50
What would dating be without sex? In any relationship, it complements the meaning. You need to have more and more of it to enjoy your life. It rejuvenates your body and makes you feel younger. Now that you are a retired general, you even have more time to enjoy sex don’t sit and let thoughts fill your mind. After retirement, you are less active, and you still have energy in you. Apart from going to the gym, enjoy sex while you still can.
First things first! Get to know the person well and avoid regrets later. You are of age, and you don’t want time wasters nor do you want to regret for the rest of your time. Do your vetting well and be sure you found love, not just a lover.
The retirement years often have been called "the golden years." As with virtually everything else in life, however, whether or not your later years are golden is a matter of personal choice. You can choose to live a joy-filled retirement, full of new opportunities, new insights, new friendships, new activities, new experiences, and new time to explore many of the ideas you've always wanted to, but never had the time while you were raising your kids, building your career, and being scheduled to within an inch of your life.
Or not. You can choose to shrivel up and die. You can brood about your aches and pains. You can feel angry that you were forced into retirement. You can lament your decreasing energy and stamina. You can excessively grieve for lost loved ones. You can feel very sorry for yourself. Is this really how you want to live? Then don't.
What is Spirituality?
Spirituality is a concept that means different things to different people. For some, the word is synonymous with religion. For others, it is the belief that there is a universal mind, a force if you will, that goes far beyond the superficiality of the "May the force be with you" slogan of the Star Wars saga. For still others, spirituality is the sense that everything in the universe - people, nature, the cosmos itself - somehow is connected and each individual is part of a much greater whole than possibly can be perceived, let alone explained. One writer phrased it thusly:
"The basic meaning of spirituality is that it is a term which encompasses everything that we cannot see directly with our eyes, directly perceive by the other senses and know by our mere reason. That is spirituality in its basic meaning."
Spirituality and Aging
Whatever your own definition of spirituality, there is a general consensus that the older a person gets, the more spiritual he or she becomes. Why? Many theorize that it's because older people are more aware of their own mortality. They're no longer the indestructible teenager or twenty-something with an entire lifetime ahead of them and the belief, if they think about it at all, that death is only for :old people" and of course they're never going to be old.
After retirement, however, people have the time - sometimes far too much time - to think about their own death, to think about the meaning of their own life, to think about what, if anything, they can do this late in life to become a happier, more fulfilled person. It's not "just" the big questions, it's also the personal, practical question of "What do I do now?"
Spiritual Retirement Communities
Many spiritually-inclined retirees discover that moving to a retirement community populated by like-minded people is preferable to remaining in the home that may hold many wonderful memories, but also requires continual upkeep and maintenance. Not only are they relieved of the responsibility for cutting grass in the summer and shoveling snow in the winter, they also get almost daily opportunities to meet new friends and engage in activities they had no idea could be so enjoyable. For instance, many retirees receive great joy and comfort from pursuing non-denominational Biblical research such as that provided by The Way International
The number of faith-based retirement communities has substantially increased as the American population continues to age. Nonprofit organizations own and operate up to 80 percent of continuing care communities, 75 percent of which are affiliated with various religions. This does not mean, however, that they are limited to people who share a common faith or denomination. People of different religious beliefs are welcome, as are people with no religious beliefs whatsoever.
The accent is on spiritual living, not religion per se. Or as one such community expresses it, JCISC, an acronym standing for Jesus Christ in Street Clothes and meaning that community life is based on the values of joy, compassion, integrity, stewardship, and community.
The American Association of Retired Persons (AARP) reports that retirees often feel the need to give back to their communities, fulfilling this need in any number of ways. From volunteering their time and talents at a library, a hospital, a church, a school, or an animal shelter to participating in "seniors helping seniors" programs, retirees get good things done and make good things happen. Their almost universal comments are that they are receiving far more than they're giving.
Living a spiritual retirement can and does mean many things. It can and does encompass an almost limitless variety of ways in which to increase your own spirituality and happiness while doing good for both others and yourself. Yes, you actually will "do good" for yourself when you choose to live more spiritually. Research continues to show that people with a strong sense of spirituality are far less prone to both physical illnesses and psychological conditions such as anxiety and depression. The choice is yours. How do you want to spend your golden years?
With interest rates at an all time low, most retirees are keen to take a look at anything that could add to their retirement income. When we’re younger, stock market investments tend to be focused on capital growth because we’re trying to build up pension pots, or pay for children’s college fees. It takes a bit of refocusing to view the stock market in terms of what it can do to boost income.
Many of us find in retirement that while we’ve retired, our brains haven’t. So share trading and investing can also become an interesting hobby. Where retirees can win out, is that they have more time to read up company backgrounds, so they can make better informed decisions. Additionally, a certain amount of detachment from the hurly-burly of working life can lead to more objective thinking and make older investors less likely to behave like sheep, following the market no matter what.
How much risk can you handle?
When you consider income from the stock market, you first have to decide how much risk you are willing to take on. If you have a limited income and little to spare, you need to be careful about risky investments. The safer choices will be well-established companies, in sectors that everybody needs, such as utilities. Go-go technology start-ups are probably best avoided – and in any case, many are famous for never paying dividends.
The safer route – stocks that pay dividends
Dividends from stocks are usually paid twice a year. When you go online and look up a stock, you’ll find the dividend expressed as a percentage of the share price. However, it’s easy to be misled. If you see a nice high dividend – say 10%, you should investigate further and prepare to be disappointed.
This is because one way that a stock’s dividend goes sky high, is that its share price has taken a dive. Imagine that XYZ Corporation is trading at 3.00 per share, and paying a dividend of 5% - that’s 15.00 (pounds, dollars or euros, it makes no difference to this example).
Then something goes badly wrong and XYZ’s Chief Executive has to warn that profits for the year will be taking a hit. The share price falls to 150.00. But the dividend level quoted will be the last one that was paid – 15.00. This is now 10%. But we can be sure that the Chief Exec will be slashing the pay-out next time.
So if you see a great dividend, use online charting tools (CMC Markets have some good ones), to take a look at the share price and dividends over the past year or two. You’ll find that the steady, regular payers are often quite expensive and their dividends are under 5%. But remember that over time, that dividend will rise.
Trading for income
There’s a different route to earning an income from the stock market, but it’s riskier and you should probably only use part of the money you have – and then make sure you wouldn’t be completely sunk if you lost that amount.
This option involves trading online, where you can trade on margin – that means that you can buy stock without having to put up all the cash necessary. However, bear in mind that you are making a commitment to buy at that price. If the price suddenly drops, you may be asked to put more margin, as a security measure.
There are many ways to trade on margin, including “spread betting” where you decide whether a stock will rise or fall, and stake money on it. Contracts for Difference (CFDs) are another variation of this. However they all come with a health warning – you can lose far more than your deposit if the bet goes wrong, so you need to use some of the control measures the brokers offer, such as “stop losses” – research these before plunging into day trading.
That said, there are people who trade from their homes or while travelling, never holding a stock overnight, and make a living at it. Whatever your goals and intentions are when it comes to making money on the stock market be sure to make each decision with careful consideration as well as enjoying the experience to make your time really worth while.
Retired Brains does not offer direct financial investment advice, nor do we affiliate ourselves with any particular financial advisers or firms in the United States or worldwide. Rather, the sole purpose of this article is to present educational, helpful information that can help you decide what kind of investing strategy is right for you in your retirement. If you are interested in learning more about property or pension fund investing, we recommend seeking out a reputable adviser or firm in your area for assistance.