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Archive for the ‘Retirement Planning’ Category

Retire Overseas Retiring overseas has its perks; for senior people living on a fixed income, it can mean greater financial capabilities than in the United States.  In fact, there are a lot of countries where the dollar can go a lot further, giving retirees the opportunity to enjoy more material perks than they can at home.  Also, retiring overseas is a chance to experience a culture different from one’s own, a sort of adventure to be explored.  If you are mulling over the possibility of moving out of the country for your retirement, here are a few things to consider. Your spouse.  If you are married, your spouse’s choice in the matter will have significant impact.  You two may not necessarily be on the same page.  Living overseas is a major change, and your partner has his or her own reasons for not wanting to go.  Whatever i Read more >>

Mortgage If you’re near retirement and you still have a mortgage, you are probably concerned about it. Paying a mortgage is tough to begin with, but if you’re only relying on a pension, retirement fund, and/or social security, it can be tough to make sure you stay within your means. In fact, some people may put off retirement until their mortgage is paid off. How can you deal with a mortgage if you plan to retire? You may or may not have mortgage life insurance. Mortgage life insurance is offered to you when you apply for a mortgage. It will ensure that your mortgage is paid off when you die if it hasn’t been already. The thing about mortgage insurance is that the cost doesn’t go down as time goes on, even though the benefit of the insurance goes down. For example, when you start the mortgage and owe $150,000, if y Read more >>

Retirement Investment Folks say they want the best retirement investment available, but quite often what they really mean is ‘they want the best retirement investment vehicle available’ and this is especially important during uncertain financial times. They want to know the best ways to protect their investments. They don’t want to lose money, but they want an investment that will give them the best rate of return with the least amount of risk. A retirement investment vehicle needs to meet certain criteria, other than great returns and low risk to be considered the best. Tax efficiency is a must without all the great returns and low risk become meaningless. So let’s break down what we mean by the best retirement investment vehicle. As mentioned earlier there is criteria of six important issues that must Read more >>

A few years ago I started traveling and searching for the Cheapest Places to Live. Now my story isn’t quite as simple as that one sentence might lead you to believe. You see having sold a business and wondering what to do next I found myself in major transition. I wasn’t sure where I wanted to live or what I wanted to do but I did know one thing – the neighborhood I had lived in was way to small and it was time for a big change. The Internet wasn’t nearly as advanced at that time but it did lead me on a wonderful journey to the Republic of Panama and that’s where my story really begins. Up until that time I had been leading a somewhat sheltered Canadian existence. Sure I’d traveled as a tourist but I had still bought into the line that North America was the only truly comfortable and safe place to live, Read more >>