Seven Reasons to Work

Dan Haylett  |  Mar 12, 2024

ARE YOU READY TO swap your office chair for a rocking chair? Hold that thought.
Before you dive into the world of endless vacations and gardening, consider that keeping a toe—and perhaps your whole foot—in the workforce might be the secret ingredient to a fulfilling retirement. Don’t believe me? Here are seven compelling reasons to keep working at least part-time.
1. Stay young at heart. Remember the excitement of landing your first job?

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Risks Retirees Face

Sundar Mohan Rao  |  Mar 12, 2024

WE’VE ALL HEARD THE maxim that “without risk, there’s no reward.” Over the years, we’ve all taken countless risks—big and small, financial and otherwise—to get to where we are today.
Every activity has a risk associated with it, and that includes retirement. It’s best to be aware of these risks and, when prudent, take steps to limit them. Here are nine risks that retirees face.
1. Health. Even if we’re fortunate to enjoy a long,

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Fearing Nothing

Tony Wilson  |  Mar 11, 2024

WHEN I WAS IN MY 20s, I didn’t think much about money. My spending wasn’t lavish. I didn’t go to high-end restaurants or wear expensive clothes.
Still, if I wanted a book or a compact disc, I bought it. I wasted money on fast food instead of cooking at home. I blew money on electronics like a fancy CD player and bought a bigger, more expensive television than I needed. For somebody who considered himself reasonably bright,

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It’s What We Do Next

David Gartland  |  Mar 11, 2024

BOXING CHAMPION Mike Tyson famously said, “Everybody has plans until they get hit for the first time.”
I’ve only been punched in the face once in my life. It occurred in sixth grade. I was alone in the boys’ bathroom when a bully came in. He said something to me and didn’t like my response, so he attempted to kick me.
I saw this happening out of the corner of my eye and I lifted his leg up,

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Targeting Taxes

Adam M. Grossman  |  Mar 10, 2024

RETIREMENT CAN—ironically—take work. It requires us to restructure how we think about both our time and our finances. That rethinking extends to tax planning, which tends to move to center stage once we quit the workforce. Already retired or approaching retirement? There are several tax strategies worth considering.
But before we review specific strategies, it’s worth pondering a more fundamental change wrought by retirement. During our working years, the usual goal is to minimize our tax bill each year.

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He Asked, I Answered

Richard Quinn  |  Mar 9, 2024

I’VE BEEN CHALLENGED—by Mr. Clements, no less. Jonathan didn’t actually say it, but his challenge was to defend my unorthodox views on investing and retirement, and the actions I’ve taken as a result.

Some of my decisions will seem illogical to others. Some don’t maximize investment returns. Some are very conservative, others not so much.

I don’t like math. I don’t like details. I haven’t used a spreadsheet in 30 years. I focus on the big picture and long-term goals.

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Donating Time

Douglas W. Texter  |  Mar 8, 2024

AS ALWAYS, DR. SEUSS said it best: “Oh, the places you’ll go and the people you’ll meet.”
In making this statement, the good doctor could have been talking about the benefits of volunteering. Since inheriting some money in 2011, I haven’t had to work multiple jobs, as I did in graduate school and during the three years that followed. From 2012 on, I’ve had mostly full-time work, leaving me with time to volunteer for causes I care about.

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Friends for Life

Steve Abramowitz  |  Mar 8, 2024

WHEN I WAS YOUNG, my parents converted our basement into an indoor playground for the neighborhood kids.
My friends could listen to Elvis belt out Hound Dog or croon Love Me Tender on the Seeburg jukebox. Some chose instead to light up the Bally pinball machine. Others would challenge my father to a game of pool. Meanwhile, my mother would create mini-pizzas for everyone, with a slice of Swiss cheese drenched in tomato sauce on half an English muffin.

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A Real Education

Casey Campbell  |  Mar 7, 2024

WE’RE A SINGLE-INCOME family with five children, so the prospect of paying for college for all our kids is daunting, to say the least. Yes, our oldest is now in her second year of college. But we still have a long way to go before they’ve all crossed the finish line.
Our kids are ages 19, 17, 12, nine and six. We’ve been homeschooling them since the beginning, with a few brief exceptions, including one daughter in a Department of Defense high school in Korea for a year and another daughter in a private high school for two years.

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Aiming High

David Gartland  |  Mar 7, 2024

MY WIFE NEEDED KNEE replacement surgery a few years ago. Her health plan, which was provided through the school district where she worked, was a preferred provider organization with a large network of doctors. After some research, my wife decided she wanted her operation done at New York City’s Hospital for Special Surgery.
I love hearing about people’s lives. I’ve long read biographies to learn how others gained their fame or fortune, hoping for pointers that would help me with my own life.

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Farewell to Forever

Jeffrey K. Actor  |  Mar 6, 2024

WHEN I WAS YOUNG, I felt immortal. We all did. It’s natural and likely hardwired into our brains. Such feelings of immortality have an evolutionary advantage, encouraging us to take the risks necessary to succeed.
When I planned for retirement, the notion of immortality was front and center. I consider myself in excellent health. I eat right. I’m not overweight. I stay active. I have a close circle of friends and an active social community from which to draw strength.

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QCDs and Me

Chris Cagle  |  Mar 5, 2024

SOME 90% OF TAXPAYERS claim the standard deduction on their tax return. Thanks to 2017’s Tax Cuts and Jobs Act, today’s standard deduction is larger than the itemized deductions of most taxpayers, including those who previously itemized.
But my wife and I are among the 10% of taxpayers who have continued to itemize, including each of the five years since I retired in 2018. Despite the much higher standard deduction for married couples over age 65,

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Fit for Retirement

Ken Cutler  |  Mar 5, 2024

I HAD A REVELATION while shoveling snow earlier this year. When I was age 40 or so, digging out after a snowstorm was always an ordeal for me, even with the aid of a snowblower. I’d need to take frequent breaks and would be wiped out for the rest of the day. Multiple body aches would appear over the next 24 hours, and full recovery might take a few days.
But in January, at age 61,

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Retiring on My Terms

Richard Quinn  |  Mar 4, 2024

I OFTEN READ ABOUT the difficulties people face after retiring—difficulties that have nothing to do with money. Loss of identity, depression and boredom are all mentioned. It takes serious planning beyond finances to retire, we’re told.

As an employee, I was a type-A personality. I worked seven days a week, in and out of the office. I worked on vacations. My job required me to work with the organization’s most senior executives.

If there was anyone set for a fall upon retiring,

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Mind Games

David Gartland  |  Mar 4, 2024

IN MY ENGLISH CLASS in junior high school, we read a play called I Remember Mama. It was a story about a poor Norwegian immigrant family living in San Francisco in the early 1900s.
The mother ran the household while her husband went to work and the children went to school. The mother was in charge of the family’s finances. Any time a family member needed extra money, he or she would have to ask Mama for it.

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