Posted incost of living / economics / personal finance retirement / retirement / retirement planning

David Letterman says that ‘retirement is a myth’ — believes the ‘human mechanism’ won’t let you quit. So are US boomers really working into their 60s, 70s because they can’t afford to retire?

Here is the paraphrased text: Here are the top ten reasons why retirement might not be what it’s cracked up to be: The television legend … David Letterman says that ‘retirement is a myth’ — believes the ‘human mechanism’ won’t let you quit. So are US boomers really working into their 60s, 70s because they can’t afford to retire?Read more

Posted ineconomics / personal finance retirement / retirement / retirement planning / social security

I’m 57 with a $1.3M portfolio and ready to walk away from work — I’ll also take Social Security at 62. Can I retire now with a comfortable income?

If you’ve managed to save $1.3 million by the time you’re 57 years old, it’s probably a testament to your disciplined approach to living within … I’m 57 with a $1.3M portfolio and ready to walk away from work — I’ll also take Social Security at 62. Can I retire now with a comfortable income?Read more

Posted incost of living / expenses / insurance / medical and healthcare costs / retirement

‘I’m here until I die’: Rich older Americans are paying millions just to get into luxury retirement campuses — monthly costs can then exceed $10K and health care plans can reach $7M

Today’s retirees are no longer content to idle at home and play bridge, or languish in limited-income nursing care facilities as their age progresses. Instead, … ‘I’m here until I die’: Rich older Americans are paying millions just to get into luxury retirement campuses — monthly costs can then exceed $10K and health care plans can reach $7MRead more

Posted inmoney / personal finance insurance / personal finance retirement / retirement / retirement planning

US retirees still suffer from lack of savings, inflation, and rising debt — but aging Americans with guaranteed income can breathe easier. Here’s 3 ways to earn steady cash in retirement

I want to make sure you’re considering whether you’ll have sufficient resources to maintain your standard of living when you retire, considering the increasing cost … US retirees still suffer from lack of savings, inflation, and rising debt — but aging Americans with guaranteed income can breathe easier. Here’s 3 ways to earn steady cash in retirementRead more

Posted inpensions / personal finance retirement / retirement / retirement planning / social security

‘Count on yourself’: This 34-year-old self-made millionaire says America’s retirement model is dead — here’s how he ditched the daily grind and how to speed up your own retirement

Is the traditional retirement plan reaching its end? This traditional plan is based on the concept of the “three-legged stool,” which consists of workplace pensions, … ‘Count on yourself’: This 34-year-old self-made millionaire says America’s retirement model is dead — here’s how he ditched the daily grind and how to speed up your own retirementRead more