24 April 2012
Summer is high season for vacationing, but that doesn’t have to mean high prices. Try these creative tips to get out of town without getting into debt.
1. Do good and feel good. Instead of a typical beach...
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20 March 2012
Working during retirement doesn’t necessarily mean slaving away in the same office where you spent your career or picking up a mindless part-time job. Many people are using their retirement as a chance to turn a beloved...
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Expenses like gym memberships, pricey athletic gear, and costly organic produce can add up. But staying in good health and top shape doesn’t have to break the bank. In fact, the seven healthy habits below can actually save you money. 1. Host potlucks with friends. Instead of meeting at a restaurant once a week, Caroline Cederquist,...
Have you heard about daily deal websites like Groupon (groupon.com) or LivingSocial (livingsocial.com) and assumed they cater exclusively to younger people? If so, you could be missing out on big savings. Perhaps paying $35 for a month of unlimited kickboxing classes isn’t up your alley, but how would you like to snag a seven-night trip to...
Purchasing an investment property can be a great way to take advantage of low housing prices and avoid some of the volatility of the stock market, while still generating income for retirement. Detroit financial planner Robert Schmansky says investing in property can be a smart option for retirees because real estate generally keeps pace with inflation...
Look out for letters from your bank alerting you to new fees or changes to charges you currently pay. If you bank at a large national institution, you may recently have received a notice telling you that your “free” checking account would now come with a $15 monthly fee unless you maintained a certain balance...
If you’re looking to downsize, you could be sitting on a goldmine. I’m not talking about your house itself—although you should be able to get a good price for that with a savvy real estate agent. I’m talking about all of the stuff inside your house. The tools and snow blower cluttering your garage, the patio...
Typically, the word “retirement” conjures up images of white sandy beaches and frozen drinks—not slushy white snow and freezing temperatures. That’s why many so-called “snowbirds” head south to vacation homes when temperatures start to drop in their home states. The snowbird lifestyle can be a rewarding way to spend your retirement—if you consider all of...
The trend of retiring at 65 and never working another day for the rest of your life is on the decline. After a few years of retirement, many people find themselves in need of extra cash or craving the mental stimulation work provides. The result is that an increasing number of retirees are seeking employment....
In a perfect world, we’d all diligently save every year of our working lives and retire as millionaires. The reality is many people approaching retirement don’t have enough money in the bank. Some people took a hit in the 2008 downturn and others simply didn’t plan on living as long as they probably will. Whatever the...