When you think about how your retirement years will go, you probably envision taking it easy and maybe picking up a new hobby. What you probably don’t envision is spending years – maybe decades—caring for your parents. With Americans living longer and longer though, you may very well be doing just that. A Fargo elder law attorney at German Law Group discusses what it means when your retirement is devoted to caring for your parents. The New Phenomenon Experts tell us that there is a new … [Read more...] about When Retirement Means Caring for Your Aging Parents
When it comes to buying real estate, “location, location, location” is the number one consideration. Location can also have a dramatic impact on how comfortably you can live on your income when you retire because the cost of living fluctuates significantly from one country to another. The cost of living, however, shouldn’t be the only factor you take into consideration when contemplating a retirement abroad. Fortunately, International Magazine did extensive research and analysis to come up with … [Read more...] about What Are the Best International Retirement Destinations?
The Baby Boomer generation – the largest generation in American history to date – is heading into retirement, but are they prepared? More importantly for their children and grandchildren – and possibly the economy as a whole – will there be anything left to bequeath when they pass away? It appears some Baby Boomers have planned for their retirement, however, estate planning is not a priority for many. As a result, this may be the first generation where the transfer of wealth cannot be … [Read more...] about Baby Boomers and Retirement Planning
Whether you are 25 or 55 it may seem as though retirement looms just around the next corner – at least if you listen to everyone tell you how important it is to start retirement planning. This is one of those times when you really should listen to your well-meaning friends and family member though because entering your “Golden Years” without a plan in place can be downright dangerous financially. Gone are the days when an individual can count entirely – or even predominantly – on government … [Read more...] about Facts and Figures You Need to Know about Retirement
Ideally, you should to view retirement planning as part of a holistic long-term strategy for aging. Yes, you want to make sure that you set aside resources that you can draw from during your active retirement years. If you have an adequate underpinning, you can enjoy quality time with your family, engage in leisure activities, and cross things off of your bucket list. Income will be important during your active retirement years, and you should be fully aware of what you can expect from Social … [Read more...] about Retirement Planning: Understand the Facts
There was once a time when people routinely expected to retire at the age of 65. Those days are behind us, and during our currently era, most people are aware of the fact that retirement is not a given. You must plan ahead in an intelligent, pragmatic, and informed manner if you want to be able to put your working years behind you. When you are planning ahead for retirement, you should understand what to expect from Medicare. If you worked throughout your life, you will in fact qualify for … [Read more...] about Will Medicare Pay for All of My Health Care Expenses?
Retirement planning is the first step when you are making preparations for the eventualities of aging. These days, retirement is not a given. For most people, it takes careful planning to accumulate the necessary resources. Social Security Far too many people do not take the right steps along the way, because they expect too much from Social Security. It is true that most people will qualify for Social Security. You gain eligibility through the accrual of retirement credits. Once you have … [Read more...] about Retirement Planning FAQs: How Much Can I Expect From Social Security?