crylam

The concept of working after retirement is not new. Over the years many folks have found their resources insufficient to maintain an acceptable  satisfying retirement  lifestyle. Others have planned well, but a catastrophic medical situation has devastated their retirement accounts. Some have found themselves paying for the care of aging parents. More than half of all retirees have debts when they stop working.  Whatever the reason, having a new source of income after retiring from a career or life-long job has become a part of life for many.  Retirement does not mean the end of producing income through some form of work. But, what is happening is a noticeable shift in the percentage of those over 65 working at least part time.  The most recent figures show that almost 20% work full or part-time. That is the highest level since the recession of 2008-2009. Consider that the average life expectancy was 63 years when Social Security was first created. Tod...

"The knocking on the heavy, gray, wooden door was insistent even though it was well after hours, long after anyone should expect an answer at this address. Except for one rather forlorn street light a block away and a dim bulb by the outside entrance, this corner of the city was growing dark and deserted. Deserted, with the exception of whoever was knocking. In a small room, with blaring music and soundproof glass, the resolute pounding would never be heard. The outside world didn’t exit. Here was equipment, small, scratched, vinyl records in organized stacks, a dangling microphone, walls covered with faded photos and posters of musicians, some important, some not. Every few minutes a switch was thrown and a voice spoke a few words heard by hundreds or maybe thousands of invisible ears. Only the non-stop blinking buttons on the battered, black, desk phone and the glow of various lights and switches assured the voice that what he was saying was not going unnoticed. Eventually, the ...

On Web sites FAQs are  Frequently Asked Questions . They are the inquires that occur often enough to be predictable. The questions are followed by short, to-the-point answers that sometimes actually answers the questions. Here are my responses to the most common  satisfying retirement FAQ over the past 6+ years. Each also has a link to a post that deals with that subject in more detail: 1) How much money do I need to retire?  Enough to live comfortably and handle most emergencies. You will probably end up needing more than you think. If you live in Scottsdale, La Jolla, or West Palm Beach, a lot more. Don't believe all the "rules" about how much you have to save or how little you can withdraw each year and not risk running out of money. Life is a constant adjustment to situations. No one can predict what the future will be like or how you will want to live. Stay flexible. But, I will say that the oft-used $1 million figure isn't necessary.  ...