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Retirement

A boomer who lives on Social Security worries she won't get hired because she can't afford a car: 'I don't even have $1 in my wallet.'

Fri, 06/14/2024 - 06:03

Tech Insider : Economy, Economy, Politics

An older woman sitting on a bench, facing away from the camera — Virginia Hambrick, 66, (not pictured) and her husband live on her $1,615 monthly Social Security income. They struggle to afford basic necessities like rent, groceries, and healthcare.
blackCAT / Getty Images

economy, finance, economy, finance, social-security, Boomers, Retirement

Tom Brady says he struggles to find something to do during retirement that's as thrilling as football

Fri, 06/14/2024 - 00:09

Tech Insider : Sports

Tom Brady poses at the E1 Venice GP 2024 on May 10, 2024 in Venice, Italy — Tom Brady can't replace the thrill of football in retirement.
Daniele Venturelli/Getty Images

Entertainment, Sports, tom-brady, NFL, Retirement

A financially independent couple with 2 kids shares how they both retired by 35 and haven't returned to the office since

Thu, 06/13/2024 - 05:56

Tech Insider : Economy

Sam Dogen — Sam Dogen and his wife both retired at 35.
Sam Dogen

economy, Investing, fire, financial-independence, financial-independence-retire-early, Retirement, retire-early

I retired at 34. At 46, I now need to go back to work.

Wed, 06/12/2024 - 07:17

A picture of a man with a city in the background. — Sam Dogen gave up financial freedom to give his family a bigger home.
Courtesy of Sam Dogen

finance, as-told-to, contributor-2024, early-retiree, fire, Retirement, Savings

I got laid off at 55 after 2 decades at the same company but bounced back quickly thanks to my network.

Sat, 06/08/2024 - 03:00

Photo illustration of Jay Cadmus. — Courtesy of Jay Cadmus/ Jenny Chang-Rodriguez/BI

Careers, as-told-to, contributor-2024, Retirement, lay-off, ageism, bi-illustration

I'm Gen X and about to retire. I'm excited to have more time for things I love, but stressed about financial stability.

Fri, 06/07/2024 - 09:37

Woman relaxing in deck chair on veranda — Gary John Normam/Getty Images

Careers, Essay, health, health-freelancer, Retirement, Retire, gen-x

A boomer who struggled to afford retirement in the US moved to Costa Rica and said money is much less of a concern

Fri, 06/07/2024 - 05:58

Tech Insider : Economy

Cheryl Sands — Cheryl Sands recently moved from Illinois to Costa Rica.
Cheryl Sands

Real Estate, economy, costa-rica, Moving, illinois, cost-of-living, Retirement

Why lifestyle creep can cause HIFIs to spend 'every cent they make,' according to a financial planner

Thu, 06/06/2024 - 06:03

Tech Insider : Economy, Economy

Three friends hold cocktails together in a toast at the bow of a sailboat facing dark blue water — HIFIs — high income, financially insecure — spend their paychecks on lifestyle and leisure at the expense of their savings accounts.
Yana Iskayeva/Getty Images

economy, finance, economy, finance, Retail, hifi, Luxury

Americans who moved to Latin America for cheaper retirement, starting a new life, and better work options explain the pros and cons

Thu, 06/06/2024 - 05:58

Tech Insider : Economy

Cheryl Sands (left) and Janet Sussman (right) — Cheryl Sands (left) and Janet Sussman (right) both moved to Central America.
Cheryl Sands/Janet Sussman

Real Estate, economy, latin-america, Moving, cost-of-living, Retirement, costa-rica

I'm Gen X and would love to provide childcare for my future grandkids. But I'll be too old when I can afford to retire.

Wed, 06/05/2024 - 15:05

A woman on a boardwalk wearing a gray jacket. — Jo Merrett told BI she was sad to not be in a position to look after her future grandchildren.
Courtesy of Jo Merrett

Careers, Parenting, as-told-to, Childcare, Retirement, Generations, generation-x

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