Over-60s volunteering in retirement

Submitted on Thu, 12/11/2014 - 11:26 pm
BBC News
Two out of five people over the age of 60 do voluntary work, a survey has suggested. A fifth of those questioned helped at least two charities. Women were more likely to support children or lunch clubs while men volunteered at local football clubs or health charities. Almost 700 over-60s were questioned by the Royal Voluntary Service who found that most - 83% - did so because they believed charity work was important. Nearly half of those questioned said they chose to volunteer because they needed to feel their life had a purpose - and 3% said they needed time away from their partners.

2014 Wolters Kluwer, CCH Whole Ball of Tax

Submitted on Sat, 11/29/2014 - 7:11 am

CCH, a part of Wolters Kluwer and a leading global provider of tax, accounting and audit information, software and services (CCHGroup.com) takes a look at state tax rates, changes and compares differences across the nation. “Costs of living are obviously a huge consideration in deciding where to live or retire to,” said Sandy Weiner, JD, State Tax Analyst for Wolters Kluwer, CCH. “Retirees should really do their homework on the types of taxes they’d be responsible for paying and the rates they’d be taxed at when comparing different locations.”

Rethink Your Retirement Income

Submitted on Sat, 11/29/2014 - 7:00 am

Many retirees can live well on less than what the financial-planning industry tells them. Here's how to look beyond the formulas.

Expensive illnesses, long-term care and extreme longevity can suddenly throw retirees' estimated income needs out of whack. When the Society of Actuaries interviewed middle-class retirees in focus groups earlier this year, "they were managing very carefully, adjusting their spending where they needed to and trying not to draw down" their savings, Ms. Levering says. "But they were not planning for shock events."

Men's Sheds movement helps men find sense of purpose when they retire

Submitted on Wed, 03/05/2014 - 12:00 am

Men's Sheds movement helps men find sense of purpose when they retire. Men’s Sheds began in Australia and are ‘the shed at the bottom of the garden’ but larger, well equipped with tools and benches and run by a bunch of guys as an inclusive, practical, unprogrammed domain of shared space, work and leisure. They can be for individual pursuits or community projects and they can offer people greater purpose, achievement and social interaction.

The other retirement plan: Work past 65

Submitted on Fri, 02/21/2014 - 12:00 am
Many of Americans assume they’ll find a part-time job or start a consulting firm after they retire. Anthony Webb, the New York-based economist for the Center for Retirement Research notes that there’s a bit of self-delusion at work here. “The truth is that when people leave their ‘lifestyle jobs’, they end up leaving the workforce pretty quickly,” Webb says. “It’s well documented that all the ‘bridge jobs’, the consulting gigs, the part-time work lasts perhaps a year or two, but not longer.” Don’t fool yourself.