Being a ‘senior’ no longer equates with being ‘old’ and ‘unable’. It can actually have many perks associated with it, and one can be that you are able to downsize your living space. Having a large house is great when you are raising small children, but after they’ve grown and started their own families, smaller and less to take care of could be a good thing.
The 2030’s are expected to be an important decade for the U.S. population. In 2030, all baby boomers will be older than 65 meaning that 1 in every 5 residents will be at retirement age. “The aging of baby boomers means that within just a couple decades, older people are projected to outnumber children for the first time in U.S. history,” said Jonathan Vespa, a demographer with the U.S. Census Bureau. “By 2035, there will be 78.0 million people 65 years and older compared to 76.7 million (previously 76.4 million) under the age of 18.”
At LifeFone, we recognize that a happy and fulfilling retirement means different things to different people. It could be transitioning from a full-time career into meaningful part-time work. Or, perhaps you are looking forward to spending more time with your family, starting a garden, volunteering, or making regular trips to the golf course. Once you determine what will give you peace of mind in retirement, it’s important to know how you will get there financially. We want to help you get started with four steps to prepare for retirement.
Aging has its rewards. Your children have moved out and have families of their own. You can spend time with your grandchildren, and enjoy a quiet cup of coffee. If you are still working, you are looking forward to retirement, with plans to travel or maybe downsize to a smaller home. At LifeFone, we want you to be independent, and be able to do all the things you love in retirement. Here’s four post-retirement mistake