It's never too early to start planning for retirement. And this means thinking somewhat differently about retirement planning for your later years.
Have you ever stopped and asked yourself these questions?
1. How much will I need to save for retirement in order to live comfortably?
2. What are my retirement goals?
3. When should I start?
4. What should I do?
5. What costs might I... ››› more
One mistake you should avoid making when you retire is to give up your active income. Active income is money you earn through working or from a business you own.
You shouldn't confuse it with passive income. This is money you receive from an annuity or pension.
So why should you not give up your active income?
Read on to find out more…
The pitfalls of giving up your active income ... ››› more
If you're retired, you'll always be on the lookout for ways to cut your expenses without degrading your lifestyle. One thing you could consider is downsizing your home. Read on to find out more…
If your children have left home and you’re now living in a house way beyond your needs, downsizing is a great option, as Bob Irish from the Palm Street Letter explains…
If you’re an ‘empty... ››› more
I remember back in the day, my gran had placed a chunk of her wealth into buying a second home. The reason she did this, as many retirees do, was to live off the rental income it provided. Soon she found out just how difficult it was to squeeze out the rent from the tenant. She practically had to beg them for the money! And even after she took legal action against the tenants to get them out the... ››› more
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