retirement

Why Join Peace Corps after Retirement

12.01.2014
Join Peace Corps after retirement

One of our retirement goals is to volunteer for Peace Corps for two years after we both fully retired. The kid will be out of the house by then and we’ll be itching to see the world in a new light. We’ll probably be around 55 by then. Is this a realistic goal? Do they even take retired people? Peace Corps is synonymous with young idealistic recent college graduates, but age really isn’t a limitation. If you are in a reasonable good health and pass the medical exam, then you can join. Why join the Peace Corps after you retire? […]

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Has the 401(k) retirement system failed?

10.27.2014
Has the 401k system failed us?

It’s been over 30 years since the 401(k) retirement system went into effect in 1978. Now it is the most prevalent form of retirement saving. However, the 401(k) plan is not working out for many because Americans near retirement age have very little retirement saving. Of Americans near retirement age in 2010, 75% had less than $30,000 in their retirement account. (US Census Bureau’s Survey of Income and Program Participation.) Many retirees will be relying solely on Social Security benefit and that’s not enough for a comfortable retirement. So has the 401(k) retirement system failed? Teresa Ghilarducci thinks so and […]

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Retirement is Not The End Goal

10.20.2014
retirement not the end goal

The following article is from Melanie, our staff writer. Melanie is in the beginning phase of her journey to Financial Freedom and she’ll offer a refreshing point of view for us. Preparing for retirement may take a lifetime for some people, but it is not the end goal. Many people put the idea of retirement on a pedestal, as if that is the time when their life can truly begin. But retirement is merely a step in the journey of life. It’s not the end of the journey. It’s a start of a new one. Are you or someone you know […]

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Ask the Readers: How to Balance Debt and Retirement Saving?

09.22.2014

The following article is from Melanie, our staff writer. Melanie is in the beginning phase of her journey to Financial Freedom and she’ll offer a refreshing point of view for us. As Joe has mentioned, I’m at the beginning stage of my financial independence journey. The thing I love about writing for Retire By 40 is the wealth of knowledge the commentors possess. You guys are an engaged and intelligent crowd! Today, I’d like to put you in charge and ask for your advice. What would you do in my situation? Some background… As you may or may not know, I […]

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