Retirement Roundup: a digest of timely information and insight about finance, investing, and retirement.
Four retirement expenses that may catch you by surprise | Forbes
You’ve worked hard over the years and saved money wisely in order to secure a successful retirement. But even the best-made plans for a sound retirement can face obstacles. No one likes to be caught off-guard when it comes to saving for the future, so consider taking steps now to avoid retirement expenses that may catch you by surprise.
Please stop telling me not to retire! | CNBC
When did retirement become a dirty word? Many Americans have begun proclaiming the end of retirement. The message apparently is forget retirement, keep working, 80 is the new 65. But retirement is a hugely significant event that provides new opportunities to create, to learn and to live. It’s a beginning for new accomplishments, not an end.
How to retire without a mortgage | Time-Money
Though a house may represent one of the largest assets in an investor’s portfolio, hanging on to a home – especially one requiring mortgage payments – may drain the budget. Planning for future mortgage expenses today can go a long way toward securing retirement income tomorrow. A few tips may make the goal of a mortgage-free retirement easier to achieve.
Employers offer older workers flexible retirement | CNBC
With the growth rate of older workers in the labor force more than three times that of all workers, employers and employees are finding ways to be more flexible about retirement. A fluid approach, known as phased retirement, is already happening at the U.S. Department of Defense where it was announced in June that civilian employees would be allowed to partially retire while remaining on the job part-time. The private sector also provides phased retirement, with about 30 percent of large employers offering workers some flexible retirement option. And informal arrangements are even more common.
Senior housing a remedy for loneliness | Squared Away Blog
Though the vast majority of Baby Boomers have said that they want to age in their homes as long as possible, by the time old age hits, the elderly often learn that isolation is bad for their psyche and their health. Senior living communities can provide activities to promote health and exercise, new social circles, and even the chance to forget about home maintenance and utility bills.
The 401(k) is wreaking havoc on retirement | Bloomberg
The shift from pensions to 401(k) plans is making retirement inequality much worse – and education is what separates the haves from the have-nots, according to a paper presented to the American Sociological Association in August. University of Kansas sociology professor ChangHwan Kim and U.S. Social Security Administration researcher Christopher Tamborini wrote that the shift for private sector workers away from traditional pensions and toward 401(k)-style plans is creating “double disadvantages for the less educated.”
