Sometimes retirement planning feels a lot like couples therapy. Ellen: “Harvey is retired now. We’re OK financially. I don’t want our new life to be just a later version of our old one. We worked too long and too hard to settle now. I want you to push Harvey into understanding this.” Harvey: “Ellen has grown bored the last few…
(Just because you can doesn’t mean you should…) The Wall St. Journal ran an article this week called “Why You Should Think Twice About Early Retirement”. Four pundits weighed in. Two talked about finances. The other two talked about the psychological and spiritual issues for people retiring before 55. It was the latter’s remarks which of course piqued my interest.…
There was a time, not so long ago, when retirement meant the same thing to everyone. This is how it went: 1. You and your long-time employer had made mutual investments in your retirement fund and provided lifelong health insurance. 2. You were around 65. 3. You collected your retirement gift at a celebratory lunch or dinner thrown by…
How many places will you call home in retirement? That’s the intriguing title of an article I just read by Joseph Coughlin, PhD, director of the MIT AgeLab. Coughlin came up with five, a number that really jumped out at me. Here’s how he breaks it down: Move #1: Downsizing from the home where you raised a family to a…
By now you have heard—probably not for the first time—about the staggering percentage of adults age 50 and older who haven’t saved enough (or anything at all) for retirement. For most of those non-savers, that means that they’ll be working well past 65, just to make ends meet. If you’re part of a couple, you at least have the possibility…
George Schofield is a division of The Clarity Group, LLC© 2017 George Schofield. All rights reserved.