0 Staying Active In Retirement

• Retirement Planning
• Author Mary Shannon
• 07-19-2021

    Staying Active In Retirement Staying active involves more than physical activity. Keeping up with hobbies and activities you enjoy will help you stay mentally sharp. Some retirees even opt to start a business, often converting a hobby or skill set into a money-making venture! We've heard it too, 'it takes money to make money' and in many cases that's true. However, you may find that you already have most of what you need lying around the house. If it has been a hobby of yours for many years you may have accumulated everything necessary to get started. Generally, the expense of getting your business, or corporate documents, is not that high, or that difficult. If you decide to go this route, consider starting with the formation of a limited liability company or LLC. This designation protects you from some forms of liability, makes tax time easier, and gives you a professional image. You can hire a costly attorney to do the paperwork, do the legwork yourself, or utilize a formation company or tax accountant to handle the details. A good accountant can advise you on the type of corporation you should consider but LLCs are usually the best option for a small business. LLC formation regulations vary from state to state, so check that out before proceeding. More and more healthy retirees are fully enjoying their second and third acts of life by having fun, staying healthy, and embracing life to its fullest. Join their ranks now by starting a new business out of your favorite hobby. Remember, if it's fun, it's not work! Why wait any longer; your opportunities are endless and no one is stopping you but yourself. A special thank you to Mary Shannon at seniorsmeet.org for contributing to this article. Content Marketing Offers the Highest Return On Investment Online, or content marketing and advertising, is currently the second-highest method of promoting businesses following only Television which, for now, remains in the number one position. Experts have predicted that digital ads will surpass TV by 2025 and not look back. For cost-effectiveness, and the ability to directly target your audience, nothing matches the ROI of digital marketing. Learn More Digital Marketing Offers Three Opportunities To Reach Your Audience Studies show that the majority of people will use their phones to search for content that addresses their current needs and then switch to their computer for more in-depth research before making final decisions or purchases. With three different platforms, computers, tablets, and phones, it is important to make sure your audience can follow your content and ads on any device. The upside to this is you have three opportunities to reach them. All of our Websites are developed to work flawlessly on all three platforms. Learn More    

0 How to Enjoy a Healthy Second Act

• Retirement Planning
• Author Mary Shannon
• 07-16-2021

    How to Enjoy a Healthy Second Act The term 'retirement' has come to have a whole new meaning these days, with seniors often embarking on a second act in life post-retirement traveling, enjoying favorite hobbies and pastimes, and even starting new business ventures! To keep pace with all of your grand plans, it's important to maintain a high quality of life by taking good care of your physical and mental health. As we age our bodies need different types of exercise, foods that are easier to metabolize, supplements (we've all seen or tried Centrum Silver), energy boosters, etc. There are many different things to consider when we reach those golden years but one thing is certain; if you really want to enjoy that 'Second Act' you'll need to maintain a healthy body. The travel industry thrives on retirees. They may advertise more to the younger generations but that's only because they see it as a way of increasing revenue. Retirees have time to travel, desire to go and see the things they always wanted to see, and the money and resources to make it happen. While the cruise industry, both large and small ship cruises and private charter tours, is the largest benefactor of the travel industry there are plenty of other types of travel that should be considered. Train and bus tours have grown in popularity over the last few years and most of them cater to older adults. For decades the RV world has been a favorite for retirees, and for good reason; it is the only way to go, when and where you want, without the restrictions of a planned and well-organized trip. Hobbies are non-generational; the major difference between older and younger enthusiasts is the type of hobbies they are interested in. Older adults may be more inclined to collect things like cars, coins, or memorabilia, while the younger generation is more into technology-related hobbies like video games and internet surfing. Whatever your preferred past-time, sports still seems to be the one hobby that knows no divide. If your passion is owning your own business in retirement; there are plenty of opportunities available for just about any interest. You could start a small LLC or sole-proprietorship out of one of your favorite hobbies, or there are other, more serious, endeavors like opening a franchise or starting a storefront business. The internet has become the new frontier for the more adventurous entrepreneurs and according to all the business forecasts has the greatest growth potential. This new landscape offers many exciting options and is very inviting but enter at your own risk. While the largest and most successful businesses on the planet are internet-based, the competition is fierce. Do your due diligence before embarking on this journey and learn everything you can before jumping in because, while there is the possibility of great rewards, the majority of internet startups fail and it is easy to lose your retirement nest egg. Whatever you decide to do to fill up your time in retirement make sure you enjoy that second act by eating healthy, getting regular checkups, maintaining an active lifestyle with a good exercise regimen, and get plenty of sleep. The reward could be years of fun doing exactly what you want, when you want. A special thank you to Mary Shannon at seniorsmeet.org for contributing to this article. Content Marketing Offers the Highest Return On Investment Online, or content marketing and advertising, is currently the second-highest method of promoting businesses following only Television which, for now, remains in the number one position. Experts have predicted that digital ads will surpass TV by 2025 and not look back. For cost-effectiveness, and the ability to directly target your audience, nothing matches the ROI of digital marketing. Learn More Digital Marketing Offers Three Opportunities To Reach Your Audience Studies show that the majority of people will use their phones to search for content that addresses their current needs and then switch to their computer for more in-depth research before making final decisions or purchases. With three different platforms, computers, tablets, and phones, it is important to make sure your audience can follow your content and ads on any device. The upside to this is you have three opportunities to reach them. All of our Websites are developed to work flawlessly on all three platforms. Learn More  

0 Safe Steps Forward: How to Manage Financial Worries in Later Years

• Retirement Planning
• Author Dan Hall
• 06-27-2021

    Safe Steps Forward: How to Manage Financial Worries in Later Years In 2019, the Congressional Research Service published a report on household debt amongst older Americans. They found that debt had increased from 38 percent in 1989 to 61 percent in 2016 in households led by 65-and-overs. With financial difficulties increasingly common amongst seniors, what steps can be taken to move safely forward? Budgeting Carefully In modern life, it can be easy to accrue subscriptions, unwanted physical assets, and snowballing debt. The first order of business is to review bank statements and pay close attention to hidden expenses that you may have been unaware of. Many companies have running charges that begin after a one-time purchase, for example. If, on your review, you find something that looks suspicious, don't hesitate to reach out to your bank and have unnecessary payments canceled. It's also possible to cut down on necessary outgoing costs; for example, food, bills, etc. Most restaurants, grocery stores, and retail outlets offer senior discounts, allowing you to save a percentage on purchases. There are also prescription savings cards that can be applied for online or in some pharmacies that will provide money off on medicines, home delivery, and dependent costs. Applying for Benefits If budgeting is not enough to stabilize your finances, you should consider benefits. Not all benefits programs are concerned with money. Many offer enrolment support, retirement jobs, dental aid, or, through government support, are designed to alleviate tax and assist with the management of home energy bills. Try to familiarize yourself with the various options and apply for the ones most relevant to your circumstances. In addition to benefits options, many charities were established to aid older Americans. Again, some of these work indirectly with finance, but by educating yourself (for example, with computers), you can open up new pathways to earning. If you are a veteran, pay close attention to vet-specific charities that work with your community. Selling Assets In more serious instances, you might consider selling assets. These can be expensive possessions from around the house or even the property itself. You may be surprised to learn that, in 2019, senior housing transactions accounted for $12.15 billion of the market. Such measures are common and can enable a more comfortable way of life. When it comes to selling your assets, it's important to speak to professionals. A realtor, for example, can help you to calculate your home equity, subtracting your mortgage balance from the value of your home and marking the price in relation to your local area. By consulting with the relevant persons, you can avoid losing money in a bad transaction. If any of this sounds daunting, don't worry. There are plenty of government resources to help you get started, apply for loans, or seek out senior-accessible housing. Explore Enjoying Aging for a number of great financial resources, calculators, and more. You can also view other listings in your area for comparison via online marketplaces like eBay and Gumtree or real estate directories like Homes.com or Zillow. Finding Support The stress of managing finances in later years can feel overwhelming but it's important to remember you're not alone. It is believed that mental health disorders affect 20% of older adults in the USA. Fortunately, there is a wealth of support for those willing to reach out. Most services are dependent on particular conditions (anxiety, dementia, etc.), so you should aim to find one that is especially suited for you. Online directories are a good way of identifying the right organizations and can illuminate choices that you might have thought were otherwise unavailable. Whatever your financial circumstances, there is always a positive way forward. By using the available tools, you can move towards a wealthier and less worrisome way of life. Make sure to keep an eye on Enjoying Aging for more valuable health, financial, and other resources, as well as recommendations for seniors like this article. A special thank you to Dan Hall at dadschange.com for contributing to this article. Image by Pexels Content Marketing Offers the Highest Return On Investment Online, or content marketing and advertising, is currently the second-highest method of promoting businesses following only Television which, for now, remains in the number one position. Experts have predicted that digital ads will surpass TV by 2025 and not look back. For cost-effectiveness, and the ability to directly target your audience, nothing matches the ROI of digital marketing. Learn More Digital Marketing Offers Three Opportunities To Reach Your Audience Studies show that the majority of people will use their phones to search for content that addresses their current needs and then switch to their computers for more in-depth research before making final decisions or purchases. With three different platforms, computers, tablets, and phones, it is important to make sure your audience can follow your content and ads on any device. The upside to this is you have three opportunities to reach them. All of our Websites are developed to work flawlessly on all three platforms. Learn More