Experts Share Their Cheapest Things To Do In Retirement
We all dream of retirement. The day we can quit work and spend our days doing what we love. But our working lives take up so much of our lives. What do you do when you realize work has left no time for hobbies, and now you don’t have any passions to fill up all this spare time?
Did COVID-19 Change Retirement Timing?
The Pandemic Disrupted Labor Markets but Had Modest Impact on Retirement Timing.Morristown Minute. The COVID-19 pandemic may have disrupted labor markets, but it had a modest impact on retirement timing, according to the U.S. Census Bureau.
Social Security expected to pay out up to $1,900 a year more
money in envelopePhoto by Pixabay (Creative Commons) If you or someone you care about is on Social Security, here is some positive news that will affect how much money you receive from the program. Because of the high inflation reading for August of around 8.3%, beneficiaries could receive as much as $159 extra per month in 2023. This estimate comes from a new estimate from the Senior Citizens League, a nonprofit advocacy group. So, if this estimate is correct, that amount comes to $1,908 in additional money that you will receive next year. It is important to note this amount is an estimate until the official confirmation from the Social Security Administration. Here's how that process works.
The Most Loved U.S. Cities For Retirement
Once upon a time, most Americans thought Florida had the best city for retirement. But times are changing fast because of inflation, housing demands, and rising living costs. Researchers did a study. The results say these are the new cities best suited for American retirees.
Social Security Benefits COLA Hike Depends on Next Two Reports
The Social Security Administration will report its latest inflation data, including the CPI-U and the CPI-W series on Tuesday, Sept. 13. The second figure, the CPI-W (Consumer Price Index for Urban Wage Earners and Clerical Workers) is more important to Social Security benefits and those that receive them.
Staying Active During Your Retirement
You have waited your whole life to be able to enjoy this time in your life. In fact, if you were careful, you probably have been saving money your entire working life, so that you didn’t have to worry about money during your golden years!
Senior Living Facility Evicts 98-Year-Old Wisconsin Woman Over Excessive Physical Needs
More than 2 million individuals are expected to retire this year and many of them will be receiving care in assisted living or senior living facilities. However, one elderly woman in Wisconsin was on the receiving end of what could feel like a pretty raw deal.
Golf sees powerful new partnership forged in Arizona
Saddlebrooke, Arizona has two courses managed by the SaddleBrooke Two community, the MountainView and the Preserve golf courses. The resident association is committing to a multi-million dollar renovation for the Mountainview course, next year. Two renovation elements to reduce turf and a new irrigation system will provide for even more water efficiency. The community already utilizes reclaimed water for much of the irrigation needs at their golf operation. With this new partnership, the community will look at other ways to enhance natural mountain views. Trees, wildlife habitats, nature, and water conservation are keystones in this community.
Declining New Jersey Pension Fund Market Value
The New Jersey pension fund lost value in 2022. The state's pension fund covers about 800,000 active and retired government workers. This fund lost more than $3 billion on investments in April and May. The treasury's total market value dropped to $91.5 billion as of May 31. It was at almost $100 billion at the end of last year. (source)
Social Security Benefits Could Run Out
In 2020, 50 million retired workers took Social Security benefits. This funding is essential for American retirees. But a report says in 2034, retired Americans will only get part of their benefits. (source)
Report Says Social Security Won't Meet Basic Needs of Most Older Americans
A report issued by the Elder Index site indicates that Social Security benefits won't meet even the basic needs of older Americans who depend on it. The report, issued in April 2022 was issued before this year's massive 9.1% year-over-year inflation surge. It indicates that Social Security covers just 68% of basic living expenses of housing, food, transportation, and health care for a single renter in 2021. And for an older couple it covers just 81% of those needs.
Underfunded Social Security Could Cause Retirees to Lose 25% of Benefits by 2034
Social Security is often seen as a safety net for individuals who reach retirement age, along with 401ks or savings to live out their post-work life. "With only half of private sector employees having a 401(k) at any time, Social Security is one of the most important aspects of retirement income’s ‘three-legged stool".- Alicia Munnell, Director of the Center of Retirement Research (Boston College)
Food Stamp Program For Seniors
Experts say many senior citizens are not using all the funding resources available. Thus, millions of dollars provided for older people do not get used. This scenario happens every year.
Managers Skip Retirement Celebration for Worker of 20 Years
The values, beliefs, and conventions that are held in common by all of a company's workers are what is referred to as the company's culture. A positive culture may be a key source of competitive advantage, but a dysfunctional culture, as you're about to read, can have the opposite impact.
Stephen Breyer, the U.S. Supreme Court Justice, Retires on Thursday after Trying to Save Roe v. Wade
Stephen Breyer, a long-standing Supreme Court Justice, retired on Thursday, June 30th, 2022, only a few days short of his appointment anniversary. Democratic President Bill Clinton appointed Justice Breyer on August 3rd, 1994, meaning he retired a few days before celebrating 28 years on the Supreme Court bench.
Elderly woman wants to deliver pizza; first, she needs her driver's license
**This article is based on nonfiction by actual events witnessed firsthand by me; used with permission. The other day I took one of our daughters to get her driver's license. In the process, we observed an elderly woman driving a minivan pull up to the parking lot we were in. The elderly woman first went into the pizza place next to the driver's license place.
"Opinion" What is retirement like ?
I retired from teaching because my oldest was having a baby, and she asked me to retire so I could help her. I realized during the past year that there are quite a few different visions about what retirement is. Many see it as stopping everything. My youngest told me I wasn’t acting like a retired person. When I asked her what she thought I should be doing, she said I should be sitting around and taking naps. Others see it as a chance to travel and see the world. Some decide to try the career they always wanted to do, and some enjoy a quieter lifestyle and a chance to enjoy family. Retirement doesn’t have to be the same for everyone. It is your reward after years of hard work, and you can choose what you do with it. Here is what it has meant to me.
Shifting Sands of a Pandemic Opened Up New Activities
Locations, amenities, and the right mix of people provide a winning retirement combination. Retirement is a common goal for everyone. But everyone's retirement is different. Expectations for retirement years are very different from our parents' retirement. Activities for retirement communities are shifting and adjusting to new expectations. Newer and older retirees want a connection with nature. There is a desire for enhanced outdoor activities. These factors are pushing outdoor-friendly locations to new heights on the charts.
Conservative Stocks to Hold To Hedge Your Portfolio
These stocks will help you hedge your portfolio through their stable dividend yields and low P/E valuations. This is not financial advice and you should not rely on my analysis to buy or sell any stock. I am not undertaking to induce you to buy or sell any securities. I am relying on the “publisher’s exclusion” in the Investment Advisers Act of 1940 to provide this information without any personalized or individualized investment advice.
Retiring Soon? Here's What To Do First
A man celebrating retirementPhoto by Andrea Piacquadio. It's never too early to start thinking about retirement. In fact, the more you do now, the easier retirement will be. Retirement can be a daunting prospect if you don't have a plan. For example, do you know how much you'll get from Social Security?