There’s strong evidence that it’s ‘more blessed to give than receive’. But we need to learn how to give—or serve—smart. One large study in the United States showed that volunteering once a week increased people’s chances of being ‘very happy’ with their lives. That’s worth knowing—and having.
So, what’s in the news about retirement finances? I’m developing the habit of every now and again checking out what’s happening in that area. I Googled ‘retirement finances news’ to see the latest findings and share some of what I’ve found. Here are 5 things I learned online that could be helpful as you look at your finances for retirement.
Transitioning into retirement isn’t always easy and for couples it can be even harder. Couples counsellor Paul Bogacs talks about how couples can best work through the issues they may face. As you’ll discover, working together can make a big difference.
In the past couple of years, 87-year-old Brenda Palmer has had a private meeting with Australia’s Prime Minister; rung the bell at the Sydney Stock Exchange (SSX); and spoken at a Coles Annual General Meeting (AGM). That’s quite a resume for someone who works at the checkout at the Coles supermarket in Malvern—a suburb of Melbourne.
Are You Ready for Retirement? That’s a question investor advisor Ken Heise asks. ‘Retirement is a huge transition,’ he says, ‘much like getting married or having kids. And just like those other life events, it takes preparation.’
I retired more than four years ago. I was well-prepared (having completed the first draft of my book, Retirement Ready? helped). But there were still surprises and issues to address.
Sam Dogen retired at the age of 34—back in 2012. Having $3 million in hand allowed him to have the financial freedom he needed. He tells of the benefits of early retirement he didn’t expect and the downsides of early retirement that ‘no one tells you about’.