Second Half Life (Retirement & Death) 03 (Mar 14 - Dec 26)

[winston]

6 Signs You Are OK to Retire

by Amy Bell

Source: Investopedia

http://finance.yahoo.com/m/8235f64f-131 ... etire.html

[winston]

Retire on 70% of Your Income? It Might Be Tough

by Tim Parker

Source: Investopedia

http://www.investopedia.com/articles/pe ... yptr=yahoo

[winston]

Are You Ready for the Retirement Challenge?

by Arie Korving, CFP

Source: Investopedia

http://www.investopedia.com/advisor-net ... yptr=yahoo

[winston]

6 Financial Mistakes That Could Derail Your Retirement

Listening to well-intentioned but unfit advice is just one way you might throw off your investment strategy.

By David Blackston, CEP®, RFC®, CSA®

Source: Blackston Financial Advisory Group

http://www.kiplinger.com/article/retire ... Sau15e0.99

[winston]

Older people fear this more than death

The No. 1 thing that scares people about retirement

Older Americans’ No. 1 fear about their retirement is that they won’t have enough money to afford retirement, a number of recent surveys show.

Some 43% said their greatest fear about retirement was outliving their savings and investments, making that the top fear — over loneliness, boredom and even declining health, among other fears, according to a survey of more than 2,000 workers ages 50 and older released in December by the Transamerica Center for Retirement Studies.

One in four workers age 50 or older says they plan on never retiring, some because they like to work, a survey of workers out this year by The Associated Press-NORC Center for Public Affairs Research found.

Source: Market Watch

http://www.marketwatch.com/story/older- ... yptr=yahoo

[winston]

5 Action Items to Complete Before Retiring

By Brian Mathews

You are ready to retire if you have defined what you want to do, established a budget, decided on your healthcare, determined you have enough money and developed a retirement plan.

Missing any one of these crucial steps could negatively affect your ability to stay retired.

Source: Investopedia

http://www.investopedia.com/articles/pe ... yptr=yahoo

[winston]

If You're So Rich, Why Do You Still Work?

By Dr. Steve Sjuggerud

I have a few friends who have "silly" wealth – more wealth than they could ever need or spend.

These guys are at retirement age or older... But for some reason, they work harder than just about anyone else I know...

Why are they working so hard? Isn't the dream to "bank" enough money so you don't have to work?

I called a few of these friends and asked why. The answers were interesting...

One wealthy friend started out with this story to explain it...

I had dinner with an extremely wealthy guy last week who's 71. He just retired to the desert in Palm Springs, supposedly to play some golf. I asked him how it was going...

"Retirement is horrible," he told me. "I do NOT enjoy sitting in the desert doing nothing. I don't have a clue what I'm doing out here. I don't think I can do this. I don't need the money... But I think I'll have to go back to work."

My wealthy friend described the same feeling... "I love what I do," my friend told me. "I don't want to stop."

I asked my friends specifically what it is that keeps them working so hard...

One said, "Nothing in life beats the thrill of coming up with a big idea and making it a reality."

Another said, "I like mentoring younger people... passing on what I do and seeing them succeed at it."

A few more talked about the thrill of a great opportunity and the chance to increase their wealth. "I know there's no economic reason for me to work," one friend told me... "But that doesn't mean I don't like to get paid."

I then asked these friends if they had any advice to help people join them in the "big leagues"...

First, they explained, opportunity doesn't knock. You have to create it. And when opportunity is close by, you have to drop everything and pursue it. The more you make those sacrifices, the better your chances of finding financial success.

Second, if you KNOW MORE than everyone in the room, nobody can take advantage of you... So read a lot. Do more homework than anyone else at the table.

Finally, one friend told me, "Work to the task, not to the reward." Don't wash a car for the $5 payment, for example... Wash a car because that's the task at hand – and do a fantastic job. Then you'll get noticed for your work and have a chance to move up in the world.

So why do these "silly rich" guys still work? And how can you get there, too?

They work because they say it keeps them "alive"...

"If I stop working, I'll die," one of them told me. They believe that finding success is all about recognizing, creating, and seizing opportunities.

You make your own luck, they say, so create opportunities for yourself as best as you can.

If you do that enough times in life, you'll know you're giving yourself a legitimate shot at success... at having the kind of wealth that means you're working because you love to, like my friends, not just working because you have to.

Source: Daily Wealth

[winston]

4 Ways to Create a Passive Income in Retirement

by Abby Hayes

Source: U.S.News & World Report

http://finance.yahoo.com/news/4-ways-cr ... 00941.html

[behappyalways]

This website claims original intention of burning paper money is completely misunderstood today
http://mothership.sg/2016/08/this-websi ... ood-today/

[winston]

When should you retire?

by Brian Stoffel

Figuring out the right time to retire is a very complicated notion. It can only be addressed in the broadest sense, as everyone has a different "ideal" time to retire.

But at its core, I think choosing the best time for you to retire comes down to three simple steps.
1. Only retire once you have a plan for how you will spend your time and what will give you meaning.
2. Only retire when your financial expectations are in order and you have practiced living on your retirement budget.
3. Once these two are in place, retire ASAP

Source: Motley Fool

http://money.cnn.com/2016/07/21/investi ... -stack-dom