Showing by category: Retirement Planning

How to Create a Gig Worker Retirement Plan
If you’re a gig worker, do you ever worry about retiring? The gig economy is growing, and so are the number of gig workers. It now encompasses 34% of the U.S. workforce, and is projected to rise to 43% by 2020. This takes in freelancers, contract workers, temporary workers, and probably even the s Continue Reading
Why the “Safe Withdrawal Rate” Won’t Work for Most Retirees
You’re doubtlessly familiar with the many retirement strategies that say something like this: If you invest X dollars per year for the next Y years, at Z percent, you’ll have N dollars by the time you’re ready to retire. That’s certainly true in theory (though most people won’t even get cl Continue Reading
Retirement Won’t be an End Game – But Just Another Phase on the Road of Life
Do you remember the song Somewhere Over the Rainbow from the Wizard of Oz? I could be wrong, but I think that’s something like the concept a lot of people have about retirement. It’ll be a whole new life, with brilliant new adventures, and none of the problems of your current life. But will it? Continue Reading
Why Are Americans So Obsessed With Retirement?
It seems ironic to even bring up this topic, given that most people are woefully unprepared for retirement. Yet we seem to have two classes of people where retirement is concerned. One is obsessed with retirement to the point of throwing all their extra money into it, many even actively working towa Continue Reading
“Retiring” on Business Income
If your retirement savings aren’t where they need to be, starting a retirement business may enable you to at least semi-retire with a lot less capital... Continue Reading
Finding or Creating Sustainable Work as a Life Strategy
In It’s Time to Roll Out the Alt-Retirement Movement I outlined the reality that most people will not be able to retire, at least not completely. One of the main points I tried to emphasize was that most people are going to need to continue working, if even at a reduced capacity. As is often th Continue Reading
Why Cohousing May be the High Cost Retirement Housing Alternative
Cohousing? I didn’t make that up. Frequent commentor Looking Ahead introduced me to the term in a comment made on Alt-Retirement and the Long-term Care Dilemma. It’s a perfect term to describe the living arrangements I outlined to deal with the prohibitive cost of long-term care. But in a muc Continue Reading
Reverse Retirement – The New Trend in “Retirement”
It’s rare to go into a big box retail store or a fast food restaurant and not see one or more older people somewhere on staff. While we might think Isn’t that nice, he/she is supplementing their retirement income, there may be a bigger story playing out here. An article in Yahoo! Finance (One-th Continue Reading
Alt-Retirement and the Long-Term Care Dilemma
Last week in It’s High Time to Roll Out the Alt-Retirement Movement the comment thread took us in an unexpected direction. It often does. It brought us right to a very difficult retirement related topic: the long-term care dilemma. We can make all the plans we want as to how we’d like to reti Continue Reading
How to Plan for Retirement
With most of the country unprepared to retire in the next five years, if you're nearing retirement age, you should be actively working towards how to plan for retirement. The objective is to essentially save as much as you can now to sustain a decent quality of life once your paycheck stops coming i Continue Reading