News from the web
May 19, 2012Volunteer Options in Retirement
News from the web:
Many retirees are interested in donating their time to help out a worthwhile cause. With time available to focus on things they are interested in, volunteering is a natural fit for many retirees. Ideally, some of the skills learned while active members of the working world can be transferable to new efforts.
However, the unfortunate reality is that many retirees end up doing mundane chores that do not utilize the experience and knowledge they have developed over their life and career. With so much real world experience to share and a genuine interest in doing so, it can be frustrating to be underutilized and saddled with mere busy work. Helping out where help is needed is certainly valuable. But boring chores that fail to make use of real skills do not offer a mutually beneficial relationship to retirees who are looking to lend a helping hand. Here are some tips for finding a volunteer position that is a good fit:
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May 18, 2012Retirement: Active or Passive Investment?
News from the web:
The debate concerning whether it’s better to park retirement money in actively managed mutual funds or passive index-linked funds is about as polarizing as Pepsi vs. Coke or Democrat vs. Republican.
Advocates of index funds believe most active managers do not outperform benchmarks such as the SandP 500 or broad industry sectors such as energy or health care.
“All pre-retirees or retirees could be better off by indexing because it’s difficult to find successful active managers in advance,” said Adam Yofan, president of Alpern Rosenthal
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May 17, 2012Retirement planners often need a Negative Nelly on their team
News from the web:
Surveys find that 92 percent of those who worked beyond the traditional retirement age of 65 do so because they want “to stay active and involved,” and 86 percent say they “enjoyed working.” As a result, people should take care in the decision to retire, because once you do retire, it’s hard to land another job. While I did not say that people should not retire, I do agree with the emailer that people shouldn’t feel guilty for retiring. In fact, in my previous career as a financial adviser, I worked hard to help hundreds of clients retire or to have the opportunity to work less.
But making retirement a viable option can mean deferring gratification at some points in your life, or having to make tough decisions in others. The emotions around these choices can be daunting and may even lead people to the wrong conclusions, which is why so many hire financial advisers.
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visit us at: RetiredResources.com