Retirement Blog April 2007
Apr 24, 2007, The Best Small Business Franchise Opportunity
Doug Shepherd shares his experience in finding the best small business franchise opportunity to enrich his upcoming retirement.
Apr 19, 2007, RV Living
If you enjoy rv living, you might like to do it full time. A retired couple explain how and why they chose to live fulltime in their RV.
Apr 19, 2007, Working in the United Arab Emirates
If you plan to work in the United Arab Emirates, be aware that once you reach local retirement age, 60 for most jobs for men and 55 for most jobs for women, you will need permission from the Labour Minister or the under-secretary.
There are exceptions, but do not count expect them. If you plan to be a consultant within the UEA, do your research and get the paperwork in place before you commit yourself.
Apr 16, 2007, Retire To Sidmouth
Retire to Sidmouth, East Devon, God's waiting room. With a population of 60% retirees, it's set up and waiting for you.
Apr 11, 2007, Retire To A College Town
Many boomers choose to retire to a college town. Is this option right for you?
Apr 9, 2007, Retire Overseas
Do you plan to retire overseas? Living abroad appeals to an increasing number of baby boomers. Where are they going? What does one consider when planning to retire abroad?
Apr 8, 2007, Retirement Blog March 2007
Archive of posts for Retirement Blog for March 2007. Items of interest for those who are retired or about to retire.
Apr 8, 2007, Retirement Planning For Women
Retirement planning for women needs to be different from retirement planning for men. Learn the good news and the bad news.
Apr 7, 2007, Retirement Jobs -- Creative Living
When considering retirement jobs, creative thinking brought Dave Wright to the conclusion that the Internet was for him.
Apr 7, 2007, Unclaimed Pension Benefits
Americans owed $133 million in unclaimed pensions can search for their lost pensions for free. Learn how you can receive your pension cheque within three or four months.
Apr 6, 2007, Financial Planning For Women
Financial planning for all women should take into consideration that women live different lives than men do. Married women need more help setting up a retirement plan than do single women. Learn why.
Apr 6, 2007, Ford Workers Accepting Buyouts
Six hundred ten of over affected 900 employees have opted for an early retirement buyout.
For details, see the link below. (Sorry, content deleted at source)
Apr 6, 2007, More Californians Work Past 65
Californian's, like the rest of the country, are working longer than they did in the past.
For many, the decision to work is driven by the need to stay active. For others, it's driven by the need for money.
The need for medical insurance accounts for a significant number of older workers. Since any major medical problem can wipe out savings in one go, medial concerns are worth thinking about.
If you don't have medical coverage, start looking into your options.
Working because you want to is a pleasure. Working because you must, leaves a lot to be desired.
Apr 6, 2007, Retirement Jobs
Retirement jobs? Only if we want them. Studies show 50% of people who reach retirement age work. Which is the right job for you?
Apr 5, 2007, Retirement Financial Planning
Facing retirement? Financial planning gives a sense of security now and a secure financial future as you age. Why boomers need to plan -- NOW!
Apr 5, 2007, Retire In The Garden
Where is the best place to retire? Who wouldn't want to retire in the garden? Ron and Carla Knight built a house and a display garden where they find meaningful tasks in their retirement.
Apr 2, 2007, Nova Scotia Getting New Non-Retirement
Nova Scotians are facing a new non-retirement law. Employees will no longer have to retire at 65.
The question is, Does this mean that the expectation will be that workers will continue to work more years than their parents did.
With young workers leaving the Maritimes and with older workers living longer and drawing pensions from a shrinking pool, the government could be forgiven for spinning working beyond 65 to be a good thing.
As long as it's a true choice, I'm all for it. But keep your eye on the trend.
Apr 2, 2007, 12 Principles Of Retirement Investing
(ARA) - In his new book, The Grangaard Strategy -- Invest Right During Retirement, author and teacher Paul Grangaard uses the Twelve Principles of 21st-Century Retirement Investing to offer readers an important new way to look at their financial affairs after they stop working.
The first three principles address some of the new realities faced by today’s retirees.
Principle #1 Expect to Outlive the Averages Since almost half of the people reaching age 65 today will live beyond an average life expectancy, it’s very dangerous to use averages in your own individual planning.
Principle #2 Adjust for Changing Income Needs. Because people are living longer today, it’s more important than ever to account for inflation and the possibility of fluctuating lifestyle expenses.
Principle #3 Create Dependable Income for the Rest of Your Life. When you get to retirement, you have to be prepared to replace your paycheck as soon as you stop working.
Principle #4 Count on Compounding During Retirement. Of course, compounding is key to accumulating assets for retirement, too -- but when you’re living longer during retirement, it’s just as important over the last 20 or 30 years of your life.
Principle #5 Invest in the Right Stuff. You need to have the right amount of money set aside in lower-risk assets to replace your paycheck, but you also need to have enough invested in growth-oriented investments to take care of your income later on.
Principle #6 Be a Long-Term Investor During Retirement. If you decide to invest some of your assets to go after higher rates of return, you’ll need to be able to manage the risk of taking a more aggressive investment posture -- and having a long-term planning horizon can really help.
Principle #7 Know When to Sell. During retirement, most people will be overall sellers of stock market investments, since they’ll have to use the proceeds to generate the income they need to live on.
Principle #8 Don’t Let Dollar-Price-Erosion Catch You Off-Guard. Dollar cost averaging out of the stock market can get you into a lot of trouble in retirement.
Principle #9 Diversify. Since you will be selling stocks periodically to get more income to live on, having a well-diversified portfolio will make it more likely that you will always have something in a good position to sell.
Principle #10 Keep It Tax-Deferred. You can’t afford to pay taxes too soon, because you’ll be giving up too much future growth too much future income.
Principle #11 Have a Plan. The goal of effective retirement planning is to live better during the day while sleeping better at night
Principle #12 Take Action Now. It’s never too early and it’s never too late to do your retirement planning.
Apr 2, 2007, How Much For Medical?
One study predicts that the average American couple currently 65 years old will need $215,000 to cover their medical expenses.
How much medical insurance do YOU have?
Apr 2, 2007, RCMP Pension Fund Investigated
This morning I watched in sympathy as Chief Supt. Fraser Macaulay, a senior RCMP officer, came to the point of tears while describing how his treatment for questioning how the RCMP pension fund was being handled.
Ontario NDP MP David Christopherson of the parliamentary committee investigating this issue said, "either this superintendent deserves to be medaled for courage, or his career is effectively over, but that is one hell of a statement to make here in front of a parliamentary committee. This is far from over."
Ex-commissioner Giuliano Zaccardelli said, "Not one piece of evidence was brought forward," he said. "I'm not saying mistakes weren't made, but we corrected them. Not one cent is missing from the pension fund."
But Macaulay said that even if someone takes only one dollar from you each day, you would still be angry when you found out.
He claims pension money was wrongly spent on hiring people to work on non-pension issues.
This story is particularly ugly because this is an accusation of police abusing a police pension fund. But it is a reminder that all groups need to closely oversee their pensions.
Apr 1, 2007, Time Share Resale Story
Time share vacations appeal to many retirees. Whether you're looking for a time share resale or just wondering about time shares in general, Cary's message may be just what you are looking for.
Apr 1, 2007, Retire In Lewistown Montana
Kathy Molden explains why she wants to retire in Lewistown, Montana, where time stands still.