Tag Archives: Active Living

Financial Reasons to Continue Working after Retirement

Financial Reasons to Continue Working after Retirement

For some older adults, retirement does not mean playing golf all day and sipping iced tea at the beach. For these older adults, it means continuing working after retirement. This is because, some retirees, although they don’t want to work, do so for financial reasons. Here are some of these financial reasons.

  • Inadequate savings – Many boomers put off saving for retirement, and this becomes an issue when it is time for retirement. It means they have to continue working or get another position in order to ensure retirement without financial worries.
  • Delaying the receipt of Social Security – Full retirement age is 67. If you wait till you are 67 to collect social security, you are assured of a larger sum of money than if you were to collect social security before 67. Most seniors prefer working till they reach full retirement age because then, they can build up their nest egg and this ensures a comfortable retirement.
  • The need for health insurance – Medicare coverage does not begin till you are 65. The cost of medications can take up quite a lot of money. So, this means if you retire before you are 65, you will not receive health insurance. However, if you retire from one job and take up another, with health benefits, you can apply for health insurance. Then, you can use your workplace health insurance, as well as, Medicare’s coverage to ensure lower medication costs.
  • Loss of value of investments – Sometimes, older adults continue working after retirement because they have lost money in various investments. The stock market, for instance, is extremely volatile. This volatility can affect your investments. For example, if the housing market is in a downward trend, you can be in a bad financial situation if you were planning on selling and moving to an active adult community. You may have to postpone this dream until you have covered your losses.
  • Receiving the pension while working – Some companies enable their employees to retire, and provide a pension. The same company will then rehire the employee. This allows the employee to receive pension checks while working, which will help increase his/her savings, which allows him to save up more for retirement.

Money is a big worry for many retirees. However, this worry can be alleviated if you are continually working after retirement.

This article is by ActiveAdultLiving.com®, the best website for information on active adult communities.

Travel Tips That Give Jet Lag the Boot

The jet-setting season is fast upon us with baby boomers, and retirees heading off to far-off places, to explore the world or take a domestic excursion. Traveling is an exciting way to experience life beyond our own backyards, and meet new people, but can also be draining especially when we transition between time zones, and disrupt our normal rhythm. Train, plane, or automobile, active adults can learn to outsmart jet lag, and take advantage of every adventurous moment with travel-friendly tips worth packing their bags for.

Sun Safety Tips for Seniors

We have all heard about the importance of protecting our skin from the sun to prevent aging. But, now that you have arrived at that milestone, you may wonder why you should protect yourself. Most active adults, in their 60s, may not worry about sun damage. However, you should know, older skin is less able to protect itself from the harmful rays of the sun. So, here are a few sun safety tips to keep your skin safe.

Factors to Consider before becoming a Dog Owner

The benefits of owning a dog, for seniors, have been documented for decades. Dogs help relieve stress, prevent depression, alleviate boredom and provide the companionship needed during the later years. There is nothing more rewarding than hugging a dog and getting a wag of the tail and a kiss of welcome. But, if you are considering becoming a dog owner, there are some factors you should consider.

Home Decorating Tips for Seniors

Decorating your home, whether it is in an active adult community or an assisted living facility can be interesting and fun. You would be having many artifacts and mementos and collectibles that have seen for many years. These things are precious and you just can’t throw them away. Here are a few ideas on how you can keep your precious items while keeping your home pretty and simple.

Tips for Seniors for Staying Safe Online

A great portion of senior citizens is quite active online. They are using the internet for a wide variety of tasks. The email and Skype family and friends and use Google and various other search tools for information. In addition, many seniors use the internet for the purchase of medications, clothes, and groceries, etc. The World Wide Web offers great benefits for seniors. However, there are also a number of risks involved in going online. Awareness of these risks and knowing how to prevent them is necessary.

Medication Safety for Active Adults

The list of medications tends to get longer and longer with age. As we age, we are extremely prone to develop various chronic illnesses, and taking the appropriate medication can help us live a long and active life. However, there are several safety concerns that need to be considered when taking medication.

Crafts and Other Activities for Active Adults

Retirement is the time you get to do what you have always wanted to do. You are settled, both financially and professionally, and free from all the responsibilities of bringing up children. This is the time to explore your hidden talents and be praised for them. So, what do you think you like to do? Here are some options.

Playing an Instrument

If you have always liked playing an instrument, you can start doing so now. Learning to play the guitar or piano are activities that can bring you and the listeners immense pleasure. Just think, you can entertain your friends with your musical talents at parties, get-togethers, and any event and have fun while doing it.