Tag Archives: Retirement

What’s the Best Country to Retire? Not the U.S., Survey Says | Money

Why the U.S. Slipped Even Further Down the List of Best Countries for Retirement

By Author: Martha C. White, Editor: Jill Cornfield, Published: Sep 19, 2022, 6 min read

Bergen, Norway
Shutterstock

If you’re looking for the best place to retire, you might want to break out the atlas: The United States slipped even further down the list in a new ranking.

Four-decade-high inflation, a volatile stock market and ballooning public debt are among the factors threatening the economic security of retirees, according to the 2022 Natixis Investment Managers Global Retirement Index. The index evaluates 18 metrics grouped into four categories: health, finances in retirement, quality of life and material well-being.

What’s the best place to retire?

Norway climbed up from No. 3 to claim the top spot in the analysis of 44 developed economies, although the Scandinavian country is no stranger to the top of this list: When the index was first published in 2012, Norway topped it back then, too. Switzerland retained its second-place spot from 2021, and Iceland rounded out the top three.

Source: https://money.com/best-country-retire-not-united-states/

The 10 Best Places to Retire in the U.S., From Denver to Charleston | Condé Nast Traveler

Start planning now.

By Caitlin Morton, June 29, 2022

summer building house roof
Charleston Photo by Paige on Pexels.com

We dream of the day when we can put our OOO notification on forever and settle down in the sort of place previously reserved for vacations. But where to go?

WalletHub recently released its annual Best & Worst Places to Retire list—a ranking of 182 cities across the United States (including the 150 most populated U.S. cities, plus at least two of the most populated cities in each state) based on affordability, activities, quality of life, and health care.

Each of the four metrics took several factors into consideration. “Affordability” looks at adjusted cost of living and taxpayer-friendliness (among others); “activities” looks at golf courses and art galleries per capita; “quality of life” looks at weather and strength of elder abuse protections; and “health care” looks at vaccination rates and quality of public hospitals.

Not surprisingly, Florida continues to prove itself as a retiree hot spot, occupying 4 slots in the top 10. But the list really runs the gamut of geography and demographics. (In case you’re wondering, WalletHub considers San Bernardino, California, to be the “worst” city for retirees, followed by Newark, New Jersey.) 

Read on for this year’s top 10 best places to retire in the U.S. and decide where you’d like to hang your hat…or, more accurately, park your vintage convertible. (Hey, you deserve it.)

Source: The 10 Best Places to Retire in the U.S., From Denver to Charleston | Condé Nast Traveler

Retirement advice from actual retirees, tested in the real world | USA Today

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

people on seashore
Photo by Huy Phan on Pexels.com

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

Is this the end of retirement as we know it? – BBC Worklife

By Sophia Epstein, 30th May 2022

from article…

The ‘retirement ideal’ has been changing for years. Older people are increasingly unretiring, changing the shape of this life stage.

Picture retirement in your head. It’s a laughing, grey-haired couple sipping piña coladas on a white sand beach; perhaps they’re getting some liquid courage for their sky dive later. Not a care in the world, their only responsibility is getting their grandchildren good gifts for their birthdays.

It’s a beautiful fantasy – and for many retirees, present and future, it’s just that: a fantasy. The concept of retirement as we know it is changing, and has been for a long time.

The number of people working past retirement age has grown consistently since the 1990s. In the US, 32% of people aged 65 to 69 were in work in 2017, far more than the 22% who were working in 1994. In the UK, employment rates for people older than 65 doubled between 1993 and 2018.

Source: Is this the end of retirement as we know it? – BBC Worklife

The 5 Lessons I Learned During My First 5 Years Of Retirement – TravelAwaits

By John Edwards, May.29.2022

Patricia Matas / Shutterstock.com

I am fully settled into my retirement after thoroughly enjoying the first 5 years. For me, retirement is akin to a permanent summer vacation: I get to do what I want, when I want, where I want, and with whom I want.

With no undue obligations. I am fortunate to be in such a position. To be sure, the pandemic experience has put a damper on life, especially prior to widespread vaccine availability.

But my wife and I have adapted and survived, even thrived. That being stipulated, there are some things I have gotten wrong and hope to change over the next 5 years.

These are lessons that, if applied well, will make life more interesting, more enjoyable, and more healthy. That, in any event, is the plan.

The lessons learned revolve around the subjects that are important to me in retirement and include, in no particular, order: travel, health, mental engagement, friends and family, and living my way.

Lesson 1: Travel Is Important (We Want More, More, More) 

My wife and I did not travel much when working. We were too busy. So it wasn’t until we had more time in retirement that we fully realized what we had missed. And how enjoyable the exploration of new and the revisiting of known places really is. However, with the notable exception of cruising, we don’t especially like the act of traveling, per se, but we both enjoy the planning and the anticipation of travel and exploring our destinations once we arrive.

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

Source: The 5 Lessons I Learned During My First 5 Years Of Retirement – TravelAwaits