“As a rule of thumb, you probably shouldn’t be taking a nap now since it’s a workday,” my daughter told me the other day. And she’s right. She told me on a Monday too. Plus, I was being lazy all morning. All in all, it’s been a fantastic start to the week. Don’t Rely Too […]
When Social Security was established in 1935, the average US life expectancy was 60 for men and 64 for women. Now, it is 75 for men and 81 for women even accounting for a one-year drop across the board due to the pandemic. This means that women and men were pretty much expected to work […]
The rule of thumb for retirement states that a comfortable retirement requires you to replace 80% of your yearly income. But a retirement study from Morningstar found that a typical American retiree’s income replacement rate in retirement ranges from a little under 54% to over 87%. For those who fall into the lower end of […]
More and more people lately are asking if they should take Social Security early. The general advice people give is that you should delay receiving the Social Security check because you get an 8% raise for every year you manage to wait. The break-even age varies depending on many factors, but it’s roughly between the […]
One of the retirement options that I often think about is whether it makes sense for me to retire overseas one day. Being born in Asia and then growing up in Canada, there are quite a few places that attract our family on many levels. For one, we have many family and friends all over […]
Sometimes a later retirement could be beneficial — or a major problem.
