5 Retirement Planning Myths Busted (To Help You Plan Your Finances Better)

Dumb Little Man

When it comes to financial myths related to retirement planning, there exists plenty. However, even the most well-informed people can sometimes fall prey to some of the existing retirement planning myths. Myth 1: There’s plenty of time to start retirement planning later.

2020 201

Purpose and a Paycheck and the New Retirement

Small Business Labs

Purpose and a Paycheck is a new book from Chris Farrell, a leading expert on retirement and workforce issues facing people over the age of 50.  Throughout the book Farrell includes personal stories of people who’ve successfully continued working well past the traditional retirement age.

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Retirement Made Easy: Tips To Make The Transition Simple

Dumb Little Man

At some point in your life, you may have to retire. To make your transition more simple, here are some of the best retirement planning tips you can try. At your retirement party, network with other coworkers who’ve already retired to see what jobs they’ve taken up. Just because you feel like you have saved enough money does not mean you are already financially prepared for retirement. See Also: Retirement Activities that are Financially Viable.

How To Use Life Insurance For Your Retirement Strategy

Dumb Little Man

Retirement. The idea of retiring and running out of money can be scary, particularly for someone who’s not prepared. It’s the fact that there’s no hard formula to help you know how much money you need to prepare for retirement. In reality, life insurance can offer more as long as you’re able to pick the right type and utilize it in your retirement income plan. Now, you’re probably wondering: How do I utilize life insurance for my retirement planning?

5 Simple Hacks To Increase Your Retirement Savings

Dumb Little Man

Are you saving for your retirement? If you haven’t been able to start saving for retirement, you are not alone. The importance of saving for your retirement cannot be overemphasized. Saving for retirement is not optional; it is something that everybody ought to take seriously. If you’re interested to know the best way to save for retirement, below are simple hacks you can try. Simplify your retirement savings by placing it on auto pilot.

The FIRE Movement (Financial Independence, Retire Early) and Independent Work

Small Business Labs

The New York Times article  How to Retire in Your 30s With $1 Million in the Bank nicely covers the " growing movement of young professionals who are intently focused on quitting their jobs forever." However, we didn't fully retire.

What To Look For In A Good Health Insurance Plan

Dumb Little Man

A good health insurance plan will help you cover the cost of illnesses and many other difficulties that might affect your financial security over the course of your life. This insurance helps people pay for their health car, making it easier by not putting the entire financial burden on them.

2016 176

The Shift to Defined Contribution Health Care Plans

Small Business Labs

Like the defined benefit pension plan before it, the defined benefit health plan seems likely to be replaced by most employers with defined contribution plans. These plans promise an organization's employees a specified retirement benefit that's determined by a formula based on some combination of an employee's earnings, length of time with the firm and age.   A similar shift is happening with health care plans.

Health 137

Why You Should Keep Working in Retirement

Small Business Labs

There have been several interesting articles over the past couple of weeks on working in retirement and/or working later in life. The consensus of these are those working full or part-time instead of fully retiring are happier, healthier, more engaged and in better financial shape. Some examples: Next Avenue's 4 Traits of the Happiest Retirees  report all 4 happiness traits are related to working during retirement.

My Health Care Risk Shift Mistake

Small Business Labs

  Companies have shifted responsibility for retirement, career planning and health care to employees and government at all levels have reduced social support services.    Health care is a great example of this shift.    In addition to shifting decision making to consumers, it also shifts some of the health care cost risks.    As a small business owner, my health insurance is consumer-driven. 

Health 130

10 Ways Over-Productivity Can Affect Your Health

Simple Productivity Blog

Stress, overreaction, anger management issues, physical and mental health issues, disturbed sleep patterns, irregular family life, lack of social stimulation and other factors can destroy life’s quality over time. Here are 10 ways how over-productivity can affect your health.

2011 216

Benefit Declines Makes Self-Employment More Attractive

Small Business Labs

" The article goes on to list 21 workplace benefits that are going away, with reductions in retirement and health care benefits leading the way.   We've also found employer retirement and health benefits tend to be the most valued - and overvalued - in the evaluation process.    So when corporations cut benefits - and in particular cut health and retirement benefits - they increase the attractiveness of self-employment or starting a business. 

2011 124

Saving Tips for Millennials: How to Create a Personal Financial Plan for the Future

Dumb Little Man

A lot of Millennials are delaying important things like saving for retirement or typical milestones like buying a house. Creating a personal financial plan and setting goals shouldn’t be a problem that you put on the back burner until you decide to buy a house or retire.

2020 157

Are baby boomers suffering more than other workers?

45 Things

Many in the baby boomer generation had planned on retiring by now. Health statistics show Americans have an average life span of 77.9 You've got people who are worried that if they live 30 years past retirement, will they be able to support themselves?

2011 75

10 Brain Damaging Activities You Need To Stop Doing Now

Dumb Little Man

However, even with the desperation to become mentally infinite, there is little to no attention given to brain health. There are many movements and advocacies done to help people lose weight and become more aware of their heart health. 8 Health Risks Of Poor Sleep. Brain Health

2017 203

Smoking and Productivity: 7 Good Reasons to Quit Smoking

Dumb Little Man

Most people quit smoking because of the health benefits but there is a financial incentive as well. Smokers also retire much earlier than non-smoking workers due to the health problems associated with smoking. Some have even set up smoke-free workplaces and employee health plans covering pharmacological smoking cessation aids. Health ProductivitySmoking is no longer allowed indoors. In some places, they also aren’t allowed outdoors.

2018 145

Free Blog Posts | Men With Pens

Men With Pens

Time to think about the retirement fund.&# “We get to retire? No one ever told me that…&# We both know there’s no retirement fund in what we do. But when Deb mentioned the words ‘retirement fund’ and I actually barked a laugh, I started to think. (A I am retired now, a blogger, paid by Adsense and affiliate revenue. We cost the government less in sick time and health care, and we help support the economy with the money we make.

2009 56

About Dementia: The Silent Epidemic

Dumb Little Man

Today, most people live well beyond childhood, their childbearing years, and even retirement. Brain HealthDespite the notable dips in life expectancy in the United States in recent years, humans’ overall life expectancy is up. A hundred years ago, life expectancy in the U.S.

2018 182

The Freelancers Union National Benefits Platform

Small Business Labs

Health insurance. We know from personal experience as well as our research that pulling together retirement plans, health insurance and other benefits is hard, time consuming and expensive for the self-employed.

2014 178

5 Financial Emergencies Everyone Must Be Prepared For

Dumb Little Man

Financial security and planning can help us achieve the life goals we have set for ourselves such as purchasing a vehicle, a house, funding your children’s education and marriage, saving up for your own retirement, and so on. See Also: What To Look For In A Good Health Insurance Plan .

2017 204

Financially Challenges Millennials Changing Society

Small Business Labs

Key quote: Massive student loan debt, stagnant wages, increased cost of childcare and a lack of adequate health insurance benefits may have brought an end to the American family as we once knew it. Career Builder ] As a result of this staffing strategy, employees are left without health insurance coverage for their families. 50% of Millennials do not believe that Social Security will exist when they reach the age of retirement.

2014 184

Five Ways of Overcoming the Problem of Getting Sleep

Dumb Little Man

The lack of it has been shown by scientist to have a ripple effect on the overall productivity and health outcomes of individuals. Whenever you retire to bed and have trouble falling asleep, think about sleep. Sleep. An important and inevitable physiological body function.

2017 245

Top Tips For Improving Sleep You Really Need to Try Now

Dumb Little Man

Without good sleep, both your mental and physical health will be compromised and you’ll have a hard time staying productive throughout the day. It should start about one hour before you finally retire to bed. If you have to, then simply write them down on a piece of paper and leave them by your bedside as you retire to sleep. 8 Health Risks Of Poor Sleep. Being unable to have a good sleep at night is a problem for millions of people around the world.

2018 192

Overqualified and Interviewing

Office Dynamics

Returning after a career gap due to health, caregiving, education, etc. Seeking better benefits; health, retirement, education assistance or flexible schedule. Overqualified but applied anyway – NOT a desperate move.

8 College Courses That Will Make You Rich

Dumb Little Man

While you can get a good degree, find a well-paying job, work until you’re in your 60s, and then retire to enjoy the life you’ve deferred for 40+ years, you may still end up feeling unsatisfied. The health of a business is reflected in its balance sheet and financial statement.

2019 258

Lessons from a Failed Forecast

Small Business Labs

  The qualitative analysis looks OK: " a futurist specializing in workplace issues, says pressure on baby boomers wanting to retire will be so great that they will be pulled back into the labor market. Herman says the problem will be aggravated by the shortage of skilled, educated workers already occurring in manufacturing, health care, and various technical fields."

2011 145

Study Says Over Half of Older Workers Suffer Involuntary Job Loss

Small Business Labs

The study used data from the University of Michigan Health and Retirement Study. ProPublica's If You’re Over 50, Chances Are the Decision to Leave a Job Won’t be Yours covers a fascinating study looking at the job paths of workers aged 50 or older.

2019 91

Profiling Mature (Aged 67+) Independent Workers

Small Business Labs

Increased longevity, better health and financial need are the primary drivers of the increases. Mature independents plan to stay independent or retire : 77% plan to continue working independently over the next 2-3 years and 14% plan to retire. Older workers - those over the age of 65 - don't get much attention from researchers or the media. The reason is pretty straight forward. Historically the vast majority of older people were not in the workforce. 

2013 186

5 Reasons Being Self Employed Sucks

Productivity Bits

Retirement Benefits. Contributions to a retirement plan are usually matched by an employer, and many businesses offer pensions and other benefits to ease the transition into old age. While the self-employed can invest in a tax-sheltered, individual retirement account, there are no matching contributions made from an outside benefactor. Moreover, the fear and uncertainty can lead to higher stress and anxiety, elevating health risks.

2011 197

Obamacare Not Only Driver of Part-Time Jobs

Small Business Labs

  This led to a number of stories suggesting the mandated health insurance requirements for full time employees associated with Obamacare is resulting in more companies shifting to part-time employees. The law requires employers with more than 50 workers to provide health insurance to all employees or pay a $2,000 penalty per worker.  - Increasing numbers of baby boomers and seniors working part-time in retirement. June's employment report was good news.

2013 132

Preventing Employee Turnover With Better Benefits

Dumb Little Man

Employees want well-rounded benefits, including things like retirement plans, professional development, and better workplace culture and perks. Workplace wellness programs: 85% improve clinical health. Baby Boomers want things like long-term care insurance and retirement coaching.

2019 171

How To Make The Gig Economy Work For You

Dumb Little Man

Fifty years ago, the expectation was that you would be in the same job until you retire. That’s much less people getting their retirement money and financial security from private US firms. With no matching funds from an employer, you’ll have to save for retirement.

2017 216

6 Really Important Questions You Should Ask Before Getting Married

Dumb Little Man

Parents, overworking, passionate hobbies, health issues, and even friendships are some of the commitments or obligations that can prevent a couple from coming first with each other. Is it important that you have a plan for retirement? Do you have health issues which could impact the relationship? Not disclosing your history of depression, debilitating migraines or other ongoing health problems can explode later. Are you ready to get married?

2018 130

Featured Soloist Jim Sheard: “I Try To Be the Best ‘Me’ Possible”

The Solopreneur Life

I retired early at age 55 due to my bi-polar disorder, and I needed something to occupy my mind and time. It led to some health risk factors. Fortunately I have a good retirement plan. To retire early to do this was one of the great blessings of my life.

2010 157

The Art of Cultivating A Sense of Purpose In Life

Dumb Little Man

Trauma can disrupt your daily life and cause all kinds of other mental health problems that prevent you from living life to its fullest. There are times in life when we all feel aimless.

2019 249

56 Challenges To Kick-Start Life After Fifty

Dumb Little Man

Your finances, relationships, health or work… Reading this list should spark at least one change. Forget about planning for retirement and start planning for life. Traditional retirement is a redundant concept that went out of fashion with defined benefit pension schemes.

2017 213

The Power of Pets: Can Pets Really Help Grow Your Business?

Dumb Little Man

37% would skip saving for retirement. When creating a pet policy for your workplace, it’s important to keep in mind that health codes may prevent pets in places that serve food. Pets should be vaccinated and in good health. Are pet-friendly businesses better?

2019 214

6 Things You Can Do To Avoid Midlife Crisis

Dumb Little Man

You haven’t sold yourself short if you find saving for retirement is more important to you than buying a Porsche. Never underestimate the power of health and exercise. If you are entering the mid-years of your life, you’re probably wondering about midlife crisis. After all, it seems pretty common. Midlife crisis can happen to anyone at anytime. Some people experience it early while others struggle with it in the late stages of their lives.

2018 159

Are We Becoming a Part-Time Nation?

Small Business Labs

  Other industries we expect to grow over the next decade, such as health care and personal services, also employ a higher percentage of part-time workers than the average industry. Aging baby boomers and seniors are increasingly choosing or needing to work part-time  instead of pursuing traditional retirement. The U.S. has always had a lot of part-time employment.

2012 191

Small Business Labs: Self-Employed Using Fewer Employees

Small Business Labs

  The growth of contingent workers will: Provide more part-time and freelance job opportunities for older workers not ready for traditional retirement Shift where and how we work, with the home and 3rd places like coworking facilities becoming more important work places.

2010 181

Join the “Worklife Line” Chat – Beginning Monday, July 19, 7 pm CST

The Office Professionals Place

Join Dewoun Hayes, Worklife Coach, on a weekly call to discuss work related topics that will motivate, inspire, and allow you to refocus your energies in order to do what we will be doing until we retire – WORK!

2010 191

How to become a Type-A maniacal entrepreneur 

The Shrink for Entrepreneurs

A lot of entrepreneurs who value “balance” tend to get caught up in a microscopic struggle where each day of life is a quest to optimize between work, health, friends, family and whatever else is on your priority list. They’ll neglect their health and family.

2016 90

Thriving On Change

Office Dynamics

I don’t know what is going on but everyone I have talked to is going through change, most of them are big changes like moving, career changes, health challenges, (lots) organizational change, and retirement. While some people see retirement as a good thing, my dad of 92 years old, who just retired, is struggling terribly.

2017 135