The rise of “grey divorces” – the dissolution of marriage for couples age 50 and older – presents a new challenge in America’s retirement landscape. Today, one in four divorces in the U.S. is a grey divorce, a number which has doubled since 1990. One of the toughest challenges to grey divorce is that inevitably, the retirement plan that may have supported a couple for the rest of their lives will now be divided up…
For the “Greatest Generation,” who worked diligently after World War II, defining "retirement" was easy. You simply stopped working altogether and devoted most of your time to leisure pursuits. Bolstered by fixed, defined-benefit pensions and Medicare, they often had the luxury of leaving the workforce with a decent nest egg. But things have changed dramatically for Americans over the past few decades….
Step aside, Florida. New Mexico is the new top retirement destination. Those were the findings from a survey by United Van Lines. The relocation company polled 26,998 of its customers who moved last year, through Nov. 30, 2018. Among those who moved to New Mexico, 42% said they did so because of retirement, making the Land of Enchantment a top destination….
Once your reach retirement, you will face the challenge of deciding how and when you will take your money out to support yourself. When making these choices, you need to decide how you want to receive income after retirement….