Retirement Mistakes

Posted by Cedars on January 27, 2016

Retirement mistakes you don’t want to make

Retiring too early:

  • Before you retire, figure out a solid retirement budget first

Ignoring your life expectancy:

  • people 60 or 65 today are living into their mid-to-late 80′s and beyond
  • To be safe, plan to live till at least 90 or 95

Tapping benefits too soon:

  • It’s tempting to grab your Social Security benefit as soon as it’s there, at age 62.
  • If you do however, the amount of the benefit is cut by 25%

Retiring with debt:

  • Get rid of your Credit card debt while your still employed
  • Pay off those car loans before you retire

These are all good things to take a look at before you retire, sell your home or move into senior housing.

 

Posted in : Senior Living

In support of older workers

Posted by Cedars on October 9, 2015

For Decades, Workers have looked forward to the day they could call it quits and retire. Today, workers age 60 and older are singing a different tune and employers may not be ready for it.

Eighty-two percent of baby boomers ago 60 and older are planning to work past 65.

However, even with an expected rise in post-65ers’ share of the population, from 12.6 percent in 1990, to 16.8 percent by 2020, to 20.9 percent by 2050.

 

Posted in : Senior Living