Inflation during retirement often comes with scary stories. Think about this: a person with $1 million saved for retirement expects to spend $50,000 annually. Assuming 3% annual inflation and a 3% return rate, $1 million would last for 20 years. But if inflation rose to 12% a year, $1 million…
Downsizing your home in retirement is pretty common among Baby Boomers. The reason is that it allows retirees to lower their monthly housing expenses, and move closer to friends and family. However, downsizing has its pros and cons. Downsizing is a big decision that is mostly influenced by financial and…
So many people choose to follow the societal norms and expectations set for them instead of chasing their dreams. They become unhappy with their lives and jobs, wondering "what if?" If you've been feeling stuck or unfulfilled, it might be time to ask yourself if you're living the life you…
Just because you're retired doesn't mean your work life is over. In fact, starting a business in retirement can be a great way to stay active and engaged. And with today's technology, it's easier than ever to get started. Here are a few tips on how to start a business…
Creating a digital scrapbook is a wonderful way to leave a bit of you behind for your family, but it is not without its challenges. The majority of us would like to leave something fun, tasteful, or helpful for our loved ones. Since a digital scrapbook is a way that…