You may have a general idea of how much income you expect to receive after you quit working, but to be on the safe side, you ought to know exactly what this amount will be. For example, how much retirement income will you receive from each of the following sources: (more…)

A number of factors may result in your finding part-time rather than full-time work during your later years. One factor to keep in mind is that you can only earn a specified amount each month and still receive your social security benefits. Therefore, unless you decide to forego your social security benefits you will of necessity be limited in the amount you can earn. Of course, after age 72 you can earn as much as you want and still receive your social security benefits payments. (more…)

In many situations involving the transition of business ownership to a family member, the owner is looking for continued income that will support a retirement lifestyle. It is important that the transitioning owner and the new owner discuss the income expectations of the current family business owner before any final transition agreement is made. This will reduce, but may not eliminate, the resentment from the next-generation owner of the business. Long-term acceptance of paying an income to the former owner is more of a problem when the owner is selling versus gifting the business. (more…)

Retirement and retirement income systems are relatively new and evolving institutions. Paradoxically, industrialization created both the need and the opportunity for the nation’s “old-age retirement income support system.” Improvements in nutrition, sanitation, and public health led to more people reaching old age and living longer once they were there. (more…)

Do you want your retirement years to be lively? Is your current job, or career, fulfilling for you? If so, then maybe you are going to be joining the happy, busy ranks of those, more than 70% according to a recent A.A.R.P. survey, who are planning a “working retirement.” If working past your retirement date seems grim, then cheer up. There is a silver lining if you know where to look.

1) Continuing at your current job has its positives - you know the job. There are no learning curves, or the awkwardness of being the new kid. (more…)

Retirees have experience, knowledge, and skills that society needs. They constitute a giant reservoir of ability and talent. But finding the right retirement part time jobs is not always easy. It is estimated that for every two retirees who work retirement part time jobs, at least one more person would like to work. With Plan B, you have some choices. For example, you can continue to use skills you already possess or learn to do something fresh and different. Here are some ideas or area to consider: (more…)