Category Archives: Retirement

#Retirement is #Walking Around the #Lake on #Weekdays! #retireyourway

Retirement gives you the freedom to schedule activities during non-peak times. For example, the lake is very popular on the weekends. The narrow walkway is filled with joggers, bicyclists, strollers, dogs, children, and their parents. However, on the weekdays, the walkway is wide open! You can walk with your arms extended and open to the awesome nature surrounding you! After working for decades, your body clock is so tuned to postpone activities until the weekends. Once you retire, it seems like a revelation when you can schedule recreation on the weekdays. You feel like you’re playing hookie! Years ago, I read the book Men Are from Mars, Women Are from Venus: The Classic Guide to Understanding the Opposite Sex,which said that connecting with nature is an excellent way to reduce stress. Paraphrasing John Gray, “nature absorbs your stress.” One of the most special retirement moments is the moment when you realize you can schedule fun activities on weekdays!

While driving around Newport News, Virginia, we discovered City Center at Oyster Point! It was Memorial Day weekend and the Navy band was performing near a gorgeous lake! We took a nice, relaxing walk around the lake a enjoyed the free concert!

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#Retirement is Taking Leisurely #Walk After Dr’s Appt! #retired #retireyourway

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American employers typically provide 2 weeks of vacation and 1 week of sick leave in benefits packages. If you have a doctor’s appointment, you need to use leave to go, which means at least a few hours away from the job. I usually made my doctor’s appointments in the morning, so that I could work about 5 hours in the afternoon. Rush hour traffic, waiting for the doctor to see me, ate into my leave, which caused a little stress/tension. The old saying “time is money” was always present. As soon as my appointment was over, I would rush to my car, and head to work. If I had to drive downtown for my appointment, it made for an extra long day. Now, when I have a doctor’s appointment, I can actually enjoy the surrounding area! For instance, I just had a mammogram in a suburban office park. For the first time in my life, I left the appointment and took a leisurely walk around the block. It’s early Autumn so the flowers are still blooming. Office parks usually have very nice landscaping, so I admired all of the lovely combinations of evergreens, coleus and flowers!

During the past few years, doctor’s appointments have made me a little anxious. Not that I am over 50, I must be afraid of what I am going to learn! Taking a leisurely walk after the appointment helps calm my body … The bright yellow Chrysanthemums bring a smile to my face!

Walking is fantastic exercise, and it’s free! It’s good for our cardiovascular system, and builds muscles in our lower bodies. Our primary focus at The Fifty Plus Network is health and wellness. Follow our Healthy Lifestyle board on Pinterest below.

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When you are finally able to enjoy your #home & #garden all day long …

When you are finally able to enjoy your garden all day long ... flower flowers impatiens garden gardens gardening gardening is healthy

Think about it … for more than 30 years, you work hard and save to purchase your home. Just about every day, you have to get up and go somewhere, like work or school or both! You never truly have the time to lounge around and enjoy your home … until you retire. When you retire, you have all day long to enjoy your interior decorating, or change it. When you retire, you have all day long to enjoy the art on the walls, or change it! When you retire, you have all day long to enjoy your newly remodeled kitchen or bathroom. When your retire, you have all day long to downsize and declutter. When you retire, you have all day long to walk outside and check on your garden to see what’s blooming, and what needs help. When you retire, you have all day long to look up at the sky, and watch the clouds float by. When your retire, you have all day long to take a walk around the lake on a weekday.

When you retire, you have all day long to pursue hobbies that bring joy to your life. You can spend all day long perfecting your craft.

When you are retired, you don’t have to request permission to take vacation days. You just get up, pack, and go! When you are retired and go on vacation, you don’t have to worry about the work piling up while you are away. When you are retired, you don’t have to call in to your boss when you aren’t feeling well enough to work.

If you are over 50 and know what it’s like to enjoy your home and garden all day long, please share your experiences by joining us at The Fifty Plus Network:

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#Retirement Planner Recommends 2-3 Yrs of Living Expenses for #Retirees!

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We got up at 5:30 am on Saturday morning to attend a retirement planning seminar. The most important advice imparted by the speaker was the following: Retirees should have 2 – 3 years worth of living expenses stashed away for emergencies! Why? The reason is that it takes 3 years (on average) to recover from a bear market. What is a bear market? Think back to the Autumn of 2008, when the stock market dropped 50% over a 6 month period of time from September 29, 2008 to March 5, 2009. That was the beginning of the bear market. The speaker said that it usually takes about 3 years for the economy to recover from a bear market. Therefore, it is crucial to retirees’ survival to have 2 – 3 years of living expenses to pay bills, and stay afloat. If a retiree has to spend down their retirement accounts to pay bills, they may have to sell stocks or mutual funds at depressed prices. In farmer parlance, that is called “eating your seed corn.”

Where To Stash Emergency Fund?

When saving for the emergency fund, the speaker advised safe bank accounts insured by the FDIC. Brick and mortar banks pay less interest than online banks, but pre-retirees and retirees are most likely more comfortable with brick and mortar banks. It is reassuring to know we can reach our brick and mortar bank in a few minutes, and access our funds.

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Take #SocialSecurity Early or Wait??? #retire #retirewell #retirement

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If you are approaching or already over 50, you have probably given some thought to your retirement finances. Social Security is typically one of the first sources of retirement income that comes to mind. When it comes to Social Security, a financial question that arises is which of the following 3 options to choose:

  1. Take Social Security early at age 62
  2. Take Social Security at your full retirement age (FRA)
  3. Take Social Security at age 70

Whenever we meet someone who is clearly over 50, or already retired, we ask their opinion. At a recent holiday gathering, we met a 70 year old gentleman who knew my parents. As we began to chat, he mentioned that he retired at age 56, and never looked back! My interest peaked, and I asked how he was able to retire so early. He said rental income from investment properties enabled him to retire early. He also mentioned that as soon as he reached age 62, he claimed his Social Security. I asked why he didn’t wait until his FRA. He said he calculated that his “break-even point” at age 78. I asked what he meant by a “break-even point,” and he said that if you live beyond your break-even point, you began to lose money compared to waiting to claim Social Security at your FRA. Based on how long males live in his family, he didn’t know if he would live beyond 78. In addition, he wanted to receive the Social Security checks while he was young enough to travel, socialize, and enjoy quality of life.

Several years ago, I worked for a gentleman who was clearly in his 60s. He told me that he began collecting his Social Security at age 62, even though he planned to work another few years. I asked him if the penalty for continuing to work was prohibitive. He said no. He said he ran the numbers, and by investing his Social Security check every month, he more than made up for the “continuing to work” penalty and the reduction for taking his Social Security early. The financial media and the Social Security Administration encourage Americans to wait for their full retirement age to claim, but each of us has to “run the numbers,” assess our financial situation, and make our own decision.

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Williamsburg’s New Town! #retire #retirement #williamsburg

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Join us at thefiftyplusnetwork.com as we explore a new retirement community in Williamsburg, Virginia … It’s called Williamsburg New Town! New Town is a brand new community built on 365 acres of bucolic countryside in Williamsburg, Virginia U.S.A. It has homes for singles, families, and retirees, as well as medical facilities, restaurants, and entertainment venues. We ate dinner at the Bonefish Grill seafood restaurant, and then took a walk around the outdoor shopping promenade. Residences are within walking distance of shopping and entertainment venues. The center of the shopping area is a large fountain. To learn more about Williamsburg New Town, click here.

Williamsburg, Virginia is considered the birthplace of America. The first immigrants to America arrived at Jamestown in 1607. The Jamestown Visitor Center takes you back in time to the arrival of the first Europeans and Africans. Williamsburg also has other attractions such as:

  1. Colonial Williamsburg
  2. Busch Gardens
  3. Water Country USA
  4. Outlet Shopping

If you are looking for a retirement home, consider Williamsburg. It is a slower pace, the people are very friendly, the food is excellent, and it is visually appealing!

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5 New Rules for Early #Retirement! #retire #retireinspired

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Honestly, who doesn’t want to retire early?! Very few of us are actually doing what we love everyday. Career and business choices are largely dependent on the local economy, and demand for your services or product. If you do have an opportunity and/or desire to retire early, click here for 5 new rules to prepare for early retirement! For 9 Ways to Build Wealth in Your 50s, click here.

We have discovered that the easiest way to save for retirement is not to earn more money, but to reduce current expenses. Look at every bill you have and ask if there is a way to reduce it. Call the company and ask if there is a discount for seniors. We just purchased a laptop PC from Dell, and they offered a discount for members of AARP! Do you actually watch all of the channels in your cable package? We saved $25 per month by eliminating HBO from our cable package. We saved $200 per year by increasing our car insurance deductible to $1,000. We cancelled Sprint long distance because they charged $6.95 per month for a service charge, plus Federal/State/County/Local taxes/fees on top of the $6.95. So, even if we made no long distance calls, we were charged fees every month! Look through all of your expenses to find ways to decrease them!

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Top #Retirement Destination #MyrtleBeach! #retire #retireinspired

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Myrtle Beach, South Carolina is one of the top retirement destinations is the U.S.A.! We discovered Myrtle Beach a few years ago, and thoroughly enjoy vacationing in this tropical paradise! On our last trip, as we walked down Ocean Boulevard, we noticed Anderson Park, a free public park that is right on the beach. The park is filled with palm trees, benches, and swings. You can feel the salt water breeze blow through your hair. Some people don’t like to get sand on their feet, so they can sit in the park and still enjoy the beach atmosphere.

 

Our top 4 reasons for vacationing in Myrtle Beach:

  1. As soon as you cross the state line into South Carolina, you see beautiful Palm Trees!
  2. The climate in South Carolina feels like the Caribbean. If you love the Caribbean, you will love Myrtle Beach!
  3. Reasonable prices for hotels, food, gas, and entertainment will help stretch your vacation dollar!
  4. There is lots to do in Myrtle Beach, including entertainment venues such as Broadway at the Beach, Dolly Parton’s Pirates Voyage Dinner and Show, and the Hollywood Wax Museum.

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#Retirement is Good 4 Your #Health! #retireyourway #retireinspired

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The statement “Retirement is Good for Your Health” seems like a no-brainer … Of course it is … Well, now we have empirical proof from the National Bureau of Economic Research that shows how much of a good thing retirement can be for all of us! Naturally, it is important to take care of your physical and mental health. It is also important to stay engaged with a social network. Too much time alone can lead to loneliness. For more details, click here.

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Ladies — Prepare for #Retirement! #womenover50 #womenover40 #retire

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Women have special considerations when it comes to planning for retirement. Why? Here are 3 reasons:

  1. Women have a longer life expectancy
  2. Women “traditionally” have allowed their husbands to control the finances
  3. If a woman has children, she may have been out of the workforce due to child-bearing and childcare

According to the Center for Disease Control, the average life expectancy for women is 81, and for men it is 76. Therefore, women need to know how to manage their finances, and women need to prepare for a longer retirement! Women should be actively involved in managing the household finances. Women should know about all bank and investment accounts, insurance policies, real estate owned, automobiles, precious metals. Women also need to know about liabilities such as mortgages, automobile loans, personal loans, and credit cards. The best way to search for assets and liabilities is to order a credit report. For more on the importance of financial literacy for women, click here. To learn more about the affect of child-bearing on women’s wages, click here. For details on preparing for retirement, click here.

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