This article aims to document, from a life course perspective, the impact and timing of the transition to retirement on individuals' emotions鈥攊.e., positive and negative affects鈥攚hile taking into account their working conditions prior to retirement, and their social participation. Based on the...
If you plan tomove during retirementto be near children and grandchildren, talk to relatives beforehand. Go over any expectations, such as helping with child care or getting together frequently. You may find family members are looking forward to your transition or that they may prefer more space...
But as you stand on the threshold of this new chapter, you might find yourself facing an unexpected challenge: the transition from saving for retirement to actually living in it. Evaluate your finances The key to a smooth transition lies in careful financial planning. As you ap...
12 Alternatives to Full-Time Retirement Ease into retirement at your own pace and in a way that aligns with your interests. Rachel HartmanDec. 19, 2024 What Do Lower Rates Mean for Retirees? Retirees may need to rethink their investments and income plans as interest rates begin to decline. ...
Phasing into retirement: 5 key steps Explore ways to move from full-time to part-time work as you transition to retirement. Fidelity Viewpoints Key takeaways Careful budgeting can help you adjust to living on a part-time salary. Look for part-time work that uses your skills and provides ...
“Understand what you are retiring to, not from.” In making her transition, she received more flexibility and freedom. And recent life events reassured her that she made the right choice. “The pandemic was a major reason why semi-retirement is important to me,” says Gawlik, adding that ...
If you do receive a windfall, move it directly to a savings or retirement account. This will allow it to start earning interest right away, and it may help you avoid the temptation to dip into the funds for another purpose. 4. Increase your earning potential ...
transition. Many of your old networks, routines and responsibilities need to be replaced. Life's Next Steps helps you plan for retirement, and set new goals and priorities so you can make a smooth transition from what you did to the meaningful and engaging things you are going to start ...
Luckily, Sally Brandon, vice president of client services at a retirement and investment management firm, has some good tips to financially prepare for a job transition if you’re feeling ready to move. 1. Build an emergency fund of at least six months in expenses ...
Those who successfully transition into finance also possess certain non-financial skills, such as the ability to communicate well,interpersonal skills, a love of problem-solving, and the ability to handle lots of numbers and details. To ensure that acareer in finance is right for you, a great...