Tag Archives: prepare for retirement

7 Best Retirement Locations in Indonesia and The Cost of Property

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Retirement does not only mean the point where a person stops working. The meaning of the word ‘retirement’ may vary for each person. However, retirement is often seen as a final goal where one can live happily without having to worry about anything. That said, retirement needs a lot of planning and preparations, especially for those who aim for overseas retirement. Cityscapes may be the main reason for most people, however it is also better to know more about the … Continue reading →

Paradise Meets Affordability in the Enchanted Land of Indonesia

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In Indonesia, we recommend you consider the small tropical island of Bali as a place to call home. Bali, dubbed the “Enchanted Land,” packs in everything you expect of paradise, from coral reefs to the jungle-clad slopes of mighty mountains complete with tribes of naughty monkeys. Here, amid the most gracious and hospitable of peoples, you can live for as little as US$1,000 a month. One of the most popular areas that foreigners choose to live is Sanur, which is … Continue reading →

Retirement Lessons To Teach Your Children

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Many individuals are finding that they must postpone their retirement target dates or cancel retirement because they are not financially ready for it. If you find yourself in such a predicament, you may find solutions to this dilemma if you look carefully. If not, you’ve at least learned a valuable lesson – one that you can and should pass on to your children. Let’s look at some of the sometimes-harsh lessons the current generation of retirees and pre-retirees has to … Continue reading →

Leaving Inheritance To Children Easier Said Than Done

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Deciding whether to leave an inheritance for your children impacts the amount you save, the retirement plans you choose and how you take qualified retirement plan distributions. However, beyond your desire to leave some wealth to your children (or not), there are some essential personal financial issues to consider. Consider Your Own Income Needs Some retirees mistakenly give their retirement savings away without considering their own income needs. Before you make gifts to others, it’s important to assess how much … Continue reading →

Sandwich Generation

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What is the ‘Sandwich Generation’ The sandwich generation is the generation of middle-aged individuals who are pressured to support both aging parents and growing children. The sandwich generation is named so because they are effectively “sandwiched” between the obligation to care for their aging parents – who may be ill, unable to perform various tasks or in need of financial support – and children, who require financial, physical and emotional support. The trends of increasing lifespans and having children at … Continue reading →

Is Relying On Home Equity For Retirement A Good Idea?

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Your home is probably your largest and most valuable asset. But is it wise to use your home equity to fund your retirement? Some financial advisors may suggest that home equity loans, reverse mortgages or home equity lines of credit (HELOCs) are good methods for accessing the funds you have tied up in your home and allowing you to live comfortably in retirement, but there may be more risks associated with this practice than what first comes to mind. Survey … Continue reading →

Retiring Soon? 10 Things to Consider First

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If you plan to retire soon or are at least considering it, now is a good time to check your retirement readiness by reviewing these 10 essential pre-retirement questions and to-dos. Getting clarity on each of these will go a long way to help ensure your able to live the retirement lifestyle you desire. 1. How Will You Fill All Those Leisure Hours After You Quit Job? Your finances alone shouldn’t drive your retirement decisions. Certainly, it can be appealing to dream … Continue reading →