Either you are having an exciting time playing golf, taking a cruise and drinking champagne - or someone is feeding you in the memory care unit. [...] its financial value may be more important than any single investment decision you make. [...] when work disappears, people become more "productive" in their homes. The Employee Benefit Research Institute found that household spending declined as people aged. To have $9,526 of after-tax income, that household would need a whopping $280,176 more in retirement savings, using the 4 percent withdrawal rate convention. If we aim toward retirement spending, more people may be able to retire at their true personal comfort level. Since he wrote about it, other studies have confirmed a consistent pattern of spending decline as we age. The institute's research shows the same pattern for consumer spending studies from 2003, 2005, 2007, 2009 and 2011. [...] most retirees aren't filling their time with big-time excitement.

BING NEWS:
  • I’ve been retired in Mexico for 6 years—it's a luxury that ‘presents a new, unexpected set of challenges'
    Retirement comes with unexpected challenges — like struggling to let go of the feeling that you need to be "measurably productive" every day.
    03/28/2024 - 1:48 am | View Link
  • I’m a Financial Advisor: This Is How Much Money I’d Need To Feel Rich
    Wealth is a subjective concept. For example, minimum wage earners might feel rich if they suddenly started making $137,000 a year. But that's also the same amount that the South China Morning ...
    03/25/2024 - 8:56 am | View Link
  • Can Money Buy You Happiness? Yes, It Can. However…
    Having a higher income doesn't mean you also have enough of the other things that make you feel truly happy and wealthy (relationships, hobbies, time).
    03/16/2024 - 10:41 pm | View Link
  • The Pros and Cons of Early Retirement
    If you don’t have a new chapter planned, it may be challenging to find contentment in your nonworking years. It may be challenging for others to understand and support your lifestyle ...
    03/2/2024 - 2:35 am | View Link
  • Halifax and Fredericton crack top 10 list of places to retire in Canada
    Both Halifax and Fredericton are among the top 10 places to retire in Canada, according to a blog post by luxury real estate firm ... steps to help clients of Contentment Social Services (CSS ...
    03/1/2024 - 9:39 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News