Category Archives: Retirement

What is “Cost” of Keeping Your Nest Egg in Cash? #invest #investing

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As you approach retirement, one of your biggest concerns will be what to do with your nest egg. Inflation and market volatility can eat away at your nest egg. It is crucial that you:

  1. Do your research
  2. Develop your plan
  3. Execute your plan
  4. Monitor and adjust your plan based on the economy, market performance, and your financial needs.

If you are a very conservative investor who abhors risk, you may be tempted to keep all of your nest egg in cash, such as bank deposits, certificates of deposit, and money market funds. If that is your plan, the following article discusses the “cost” of keeping your nest egg in cash. For details, click here.

If you are over 50 and have discovered ways to manage your nest egg, please share your tips by joining us at The Fifty Plus Network:

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Make #Rent vs Buy Decision Easily! #retirement #realestate

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If you are in the “pre-retirement” or “early retirement” phase of your life, chances are you are trying to make a decision about housing and where to live. Housing is usually the largest item in the budget, therefore the “housing” decision will impact how long your retirement nest egg lasts. With low interest rates, it may or may not make sense to buy a home. To reduce expenses and the time/effort to maintain a home, it may make sense to rent. The U.S. tax code favors homeowners. To learn more about the rent vs buy decision and tax implications, click here. Realtor.com has a neat “Rent vs Buy” calculator widget. You enter the zip code, desired monthly rent, desired home price, and how long you plan to live in the home. The calculator will tell you whether it’s cheaper to rent or buy! To give it a try, enter your numbers below.

If you are over 50, and you are trying to make the buy vs rent decision, please share your concerns by joining us at The Fifty Plus Network:

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Imagine a #Vacation Home on the #Beach … #realestate #vacationhome

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After such a long and challenging winter, our thoughts turn to sunny vacation days! Imagine a quaint vacation home near the beach … a warm breeze flowing through the windows … the smell of salt and sand in the air … Ahhh … Wouldn’t it be nice to have a vacation home waiting for you? With low interest rates and moderate home prices, it’s definitely a possibility! Before you call your Real Estate Agent, discover the hidden costs to owning a vacation home by clicking here.

Still thinking about buying a vacation home? Learn 4 keys to buying a vacation home by clicking here.

If you are over 50 and have discovered tips for buying a vacation home, please share your tips by joining us at The Fifty Plus Network:

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5 Ways to a Happy #Financial Life! #retirement #retireinspired

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After a lifetime of scrimping and saving, what do we have to show for it? We have all made mistakes in our financial lives, and the process of trial and error helps us learn valuable financial lessons. Columnist Jonathan Clements is retiring after years of writing financial columns. He shares what he has learned during his financial life … For 5 Ways to a Happier Financial Life, click here.

Do you have any tips to share for a happy financial life? If so, please share your “happiness” tips by joining us at The Fifty Plus Network:

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How to Turn #Retirement #Savings into #RetirementIncome! #retire

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You have sacrificed and saved for decades, and you are now ready to drop the 9-to-5 and spend your days doing something you enjoy! One of your first questions is — How do I turn my retirement savings into retirement income? If you are approaching 50 or over 50, it is only natural to wonder how to turn your retirement nest egg into a consistent income. You may have developed health concerns and want to prepare for the possibility of retiring early. Erik Carter, Forbes Contributor, has written an excellent article on the subject. For details, click here.

Do you have any tips for turning retirement savings into retirement income? If so, share your tips by joining us at The Fifty Plus Network:

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#Financial Advice + Free Dinner = What? #retirement #retireyourway

Financial Freedom

If you are approaching or close to retirement, you have accumulated a nest egg which needs to be managed. It is critical that your nest egg outpace inflation, which eats away at the purchasing power of your nest egg over time. You can manage the nest egg yourself, or get help. Help can come in the form of investment newsletters and financial advisors. We prefer newsletters, which cost a couple hundred dollars per year. Financial advisors can cost a percentage of your nest egg, for example one percent. One percent doesn’t sound like much, but it adds up over years, and it can be significant. One marketing technique used by financial advisors is to send out invitations to a free lunch or dinner. We have received such invitations, but never attended. A recent article in The Washington Post showcases a financial advisor who targets the wealthy. The article offers excellent tips to keep your money safe. For details, click here.

If you are over 50 and would like to share your tips for managing your nest egg, please share by joining us at The Fifty Plus Network:

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Welcome to The Fifty Plus Network! #over50 #50plus #over50lifestyle #50pluslifestyle

The Big 3 for those of us over the age of 50 are: Health, Career/Business Options, Retirement. The Big 3 will be the focus of our website, thefiftyplusnetwork.com. The impetus for the website came from an article on career challenges for “over 50” employees. One of the interviewees said she wished there was a place to network about issues important to folks over the age of 50. Thus an idea was born! Our goal at thefiftyplusnetwork.com is to become an online meeting place to encourage and help one another, and to share ideas and tips. To join The Fifty Plus Network:

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Are You Fit, Fabulous & #Over50? #healthyliving #healthylifestyle

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Are you fit or trying to get fit? Are you fabulous in your own mind? Are you approaching, at, or over 50? If you answered YES to these questions, then you are perfect for The Fifty Plus Network! We are focused on our health, planning for or already enjoying retirement, and open to new career/business opportunities! We are looking forward to an exciting phase of our lives. Join us as we share fitness and health tips, improve our relationships, network with like-minded individuals, and enjoy a well-deserved retirement! K-Y Warming Jelly – 5 oz

Share your tips for being fit, fabulous and over 50! Share by joining The Fifty Plus Network:

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5 Tips for Tapping #RetirementIncome! #retire #retireinspired

Financial Freedom

You have worked hard for decades. You have diligently saved money in your retirement accounts. You have invested in various stocks, bonds, mutual funds, etc. Now it’s time to retire and live off of the income generated from your investments. How do you tap your nest egg to pay your bills, and make sure your money lasts a lifetime? To answer that question, there are several factors to consider.

  1. How is your health?
  2. What is your family medical history?
  3. How long did your parents live?
  4. How long did your grandparents live?

Estimate your life expectancy based on the answers to the questions above. Will your money last that long? Additional factors are inflation, the performance of your investments, and how much you withdraw per year. There are several calculators to help you determine if you have enough money, such as T. Rowe Price Retirement Income Calculator. For 5 tips on drawing down retirement income, click here.

If you are over 50 and have tips for making your money last a lifetime, please share your tips by joining The Fifty Plus Network:

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What’s on Your #BucketList? #over50 #50plus #retire #retirement

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Remember the movie “The Bucket List,” when Morgan Freeman and Jack Nicholson were living out their dreams! They developed a Bucket List of things they always wanted to do. How much fun is that?! Spending a day or two dreaming about everything you always wanted to experience, giving no thought to limitations … My Bucket List includes horseback riding. I’ve always had this dream of learning to ride a horse and galloping away! Maybe it’s because I loved Westerns as a child. One of the advantages of aging is that you can begin focusing on everything you always wanted to do! What’s on your Bucket List?

Do you have a Bucket List? If you are over 50 and would like to share your Bucket List, join The Fifty Plus Network:

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