Why We Downsized Before Retirement

Recently I was reading an article on Trulia entitled, 8 Reasons Why You Should Buy A 1,000-Square-Foot House and it reminded me of many of the reasons why my wife Lisa and I decided to downsize even though we weren’t ready to retire yet. We were living in a 3,200 sq. ft. house on 3 acres in the countryside near Richmond, VA. The house was beautiful, we had spent years getting it just like we wanted it. We bought it when our two children were small and the house was only 1,200 sq. ft. Then we added an addition on that included a Master Suite, Living Room, Two Car Garage, and large home office. As the children grew we gradually added four raised bed gardens surrounded by a chicken run and chicken coop. We had every tool imaginable in our two garden sheds, and two double carports.

The Personal Finance Perks of Aging: 15 Tax Breaks You Enjoy After 50

One of the perks of growing older is more tax breaks, especially after the ages of 50 and 65. By making the most of available tax deductions for seniors and retirees, you can drastically reduce your income taxes and boost your retirement savings.

Retirement Tips You May Not Have Considered

As more people live well into their 80’s and 90’s, the concern over retirement funds continues to grow. Several decades of income need to be saved, and many people don’t know how to achieve their ultimate financial goals. Take a close look at these retirement tips you may not have considered.

Retirement on the Horizon? Financial Tips to Plan for your Future

Being properly prepared goes a long way when it comes to your financial future. Therefore, here are four financial tips to help you be properly prepared for Retirement.

The Personal Side of Retirement

Remarkably little attention has been given to such important questions as the impact of retirement on family relationships, friendships, and sense of self-worth. We know that such personal considerations are key determinants of satisfaction and fulfillment in every stage of life and this includes retirement.

Preparing for a Worry-Free Retirement

Unfortunately, many people fail to begin saving early on, so they are unable to live as comfortably as they’d like in their golden years. To plan for your financial future and enjoy a worry-free retirement, there are a few important steps to take when thinking ahead.

5 Reasons Why Investing Is Critical

Small investments that are made over time can really add up to a sizable sum over a period of decades. But according to the U.S. Census bureau 18.1% of U.S. households had a net worth of Zero or even less than Zero…

Retirement Ready? How to Prepare Your Finances before the Big Day

Retirement isn’t a stage in life you can just jump into without preparation. It takes decades of preparation to save enough money to afford the life you want, and it also takes time to get your finances ready for the burden of a life without income.