Tag Archives: Retirees

By Catherine Brock, The Motley Fool, June 28, 2022

The best advice you can get about preparing for retirement might be from those who’ve already done it: retirees.

In a new study from the independent Employee Benefit Research Institute (EBRI), called Retiree Reflections (PDF), retirees share insights about their past financial decisions and current financial worries like inflation.

For instance, more than two-thirds (70%) of surveyed retirees regret not starting to save for retirement earlier. You might be able to use these insights to improve your retirement plan and head off some financial stress in your senior years.

Read on for three retirement plan action items inspired by real-world experience.

Editor’s Note: Read more, see link below for original item…

Source: Retirement advice from actual retirees, tested in the real world

Science & Health

Best and worst states for military veterans | Atlanta journal-constitution

May 27, 2021 DrWeb

Georgia News | May 24, 2021, By Nancy Clanton, The Atlanta Journal-Constitution

This coming weekend is about honoring our military personnel who died serving our country, but we can’t forget about those who retire and return to civilian life.

Even without a pandemic, retirement from the military is always difficult, with many retirees facing major struggles that include post traumatic stress disorder, disability and homelessness.

These veterans must also consider how state tax policies on military benefits vary, along with the relative friendliness of different job markets and other socioeconomic factors, when choosing a state in which to settle down.

In order to determine the best and worst states for military retirement, financial website WalletHub compared the 50 states and the District of Columbia across three key dimensions: economic environment, quality of life and health care.

According to WalletHub’s analysis, the best state for military retirees is Virginia, with a score of 61.05. South Carolina, Florida, South Dakota and Alaska, in that order, round out the top five.

Georgia finished No. 19 overall, with a score of 53.18. Although the Peach State was No. 8 for economic environment — coming in fifth for most job opportunities for veterans — and No. 19 for quality of life, it was No. 34 for health care.

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Current Affairs, Travel

Best places to retire on the East Coast

March 24, 2021 DrWeb

Best places to retire on the East Coast

By Stacey Marcus, Liz Barrett Foster

Whether you’re on the brink of retiring or fantasizing about your bucket list, Stacker rounded up East Coast contenders as you contemplate your retirement dreams. With both Northern winter climates and Southern sunny states, beautiful beaches, natural splendor, and a mix of affordable and upscale lifestyle options, the East Coast offers something for everyone.

Using Niche’s 2020 Best Places to Retire (released in 2020) as a guideline, Stacker developed a list of what’s important to people thinking about retiring. Variables include weather, safety, housing expenses, and access to places like eateries, golf courses, recreation facilities, and health care. Listed here are numbers for the general population along with a look at percentages of people ages 55 to 64 and 65 and over, along with median household income, median household value, and median rent.

Editor’s Note: Add your favorite or your pick in the comments.. some great places to retire listed…

Source: Best places to retire on the East Coast | Features | gwinnettdailypost.com

Love & Relationships, Science & Health, Times They Are A-Changing

4 Steps to Catapult You to Retirement Success | The Motley Fool

March 2, 2021 DrWeb

Whether or not you follow these four easy steps could determine how successful your retirement is.

1. Set a retirement date goal

Are you someone who can’t wait until the day you leave your job and hope you can retire early? Or do you love working and will delay it as long as possible? Everyone is different and whether you stop working for good at 62, 67, or 70 is completely up to you.

There is no right or wrong answer. But setting a goal can help you create a plan that will help ensure you attain it. Once you set a date, you’ll know approximately how much time you have which can aid you in determining how much you need to save each year.

Source: 4 Steps to Catapult You to Retirement Success | The Motley Fool