Can You Afford to Retire?

Originally posted on Wayne Westland Federal Credit Union:
Have you ever sat down and figured out how much you’d need for a comfortable retirement? If not, don’t worry – you’re not alone! According to the U.S. Department of Labor (USDOL), fewer than half of all Americans have calculated how much they will need to save for retirement.…

Five reasons to keep working in retirement

Originally posted on Financial Post | Business:
The idea of retiring at 65 is withering along with laws and regulations that used to force workers out of their jobs at that supposedly magic age when the pastures of idleness beckoned. The new reality is that Canadians are becoming less confident that they will have enough money…

Going Back to Work After Retirement

Adjusting To A Husband At Home

Great advice!

Why Saving Money is So Hard To Do

Think Twice Before Taking An Early Withdrawal From A Retirement Plan

Originally posted on RSSM CPA LLP:
If you’re in need of cash, early retirement plan withdrawals generally should be a last resort. With a few exceptions, distributions before age 59½ are subject to a 10% penalty on top of any income tax that ordinarily would be due on a withdrawal. Additionally, you’ll lose the potential…

How Do You Know When You Have Enough to Retire?

There is no simple answer, but consider some factors. You save for retirement with the expectation that at some point, you will have enough savings to walk confidently away from the office and into the next phase of life. So how do you know if you have reached that point? Retirement calculators are useful –…

Terrifying Train Trestles

Originally posted on GEEZER MUSIC CLUB:
Although we don’t travel as much as we used to, Mrs. BG and I have taken a few train trips through the years. I’ve been a train buff for a long time and even though she’s not the fan as I am, I think she’s enjoyed most aspects of…

Five ways to find out if you can afford to retire

Originally posted on Financial Post | Business:
About a third of Canadians expect to delay their retirement and continue working during retirement because they don’t have enough savings, a BMO Retirement Institute report says. If you’re fantasizing about fleeing to a life of leisure but you’re nervous about your long-term financial stability, here’s how to find…

Being Better with Money When You Thought You Never Could