You’re not the only person who has a vested interest in the success of your retirement plan. If you’ve got children, then it’s likely that they too are concerned that you’ll have enough saved to retire, live comfortably and pay for adequate medical care. The Many Reasons Kids Are Concerned …
Read More »The Downsides of an RV Trip
Many preretirees dream of a day when they can finally be free of work and travel the U.S. in a recreational vehicle (RV). And while there are thousands of seniors who make this dream a reality and love every minute of it, there are also many who spend a lot …
Read More »Should You Lend Relatives Money?
Our retirement savings are exposed to many different hazards. Most of the time, we try to find ways to shield ourselves from dangers such as market risk, interest rate risk and liquidity risk. But there’s one threat we may not even realize we’re vulnerable to: the family or friend loan. …
Read More »Understanding the Stretch IRA
IRAs are usually opened with the intention of saving enough money to create a stable, dependable postretirement income. But for some, the assets within an IRA aren’t needed for retirement and instead are simply passed on to the next generation after the account holder’s death. But what if you want …
Read More »Three Must-Watch Documentaries for Seniors
Many seniors lament the lack of quality movie choices featuring protagonists in their 50s, 60s, 70s and 80s. And while that might be a true obstacle when looking for big Hollywood productions, it becomes less of a challenge when you look to documentaries. Here are three documentaries that feature seniors …
Read More »Alternatives to Retirement
It may seem odd for us, The Retirement Institute, to write a post about alternatives to retirement. But we realize from studying industry-wide reports and surveys that not every senior wants to retire—and some simply don’t have the financial independence to do so. For those seniors who can’t or won’t …
Read More »Three Ideas for Senior-Safe Workouts
An aging body has different limitations than a young one. While you might have hit the gym hard at 35, working free weights and running on a treadmill, your body at 60 won’t have the same level of endurance. But don’t allow changes in your stamina to take exercise out …
Read More »Preventive Care Steps
In our youth, many of us neglect preventive care, believing that we don’t really need to see a doctor until something feels wrong with our bodies. But as we age, it becomes increasingly important to get regular preventive care, including screenings for early detection of diseases such as cancer, diabetes …
Read More »Learning When It’s Time to Stop Driving
Driving is one of the most precious freedoms we have. Whether you’re in good physical shape or not, driving opens up a whole world of opportunity for activity, entertainment and autonomy. Because we equate driving with independence, it can become increasingly difficult for us to finally acknowledge that our age …
Read More »Must You Act Your Age?
“Act your age” is a reprimand many of us have heard since we were children. But how useful is it, really? And besides—what does it even mean? How exactly does a 50-year- old act? Or an 80-year- old? We all know that there is no one, single, right way for …
Read More »