Investing After 70 Can Focus On A Variety of Investments
All About Retirement Planning for Financial Freedom
Retirement planning used to involve saving money for retirement and counting down the days until moving in with your children and becoming full-time grandparents. But as we became more mobile, and young people pursued careers far from where they grew up, families were split, with parents and their children often living hundreds—if not thousands—of miles from each other.
That trend seems to be reversing. Baby boomers are moving to be close to their adult children and grandchildren, sometimes to assist with child rearing, as well as financial support. Many times, that’s a second move for retirees. When their children begin having babies, grandparents often want to be close to participate more fully in their grandchildren’s activities. Although that isn’t always the final solution, as young folks may continue to move around as their careers progress, causing a dilemma for the parents who have followed them.
But grandchildren aren’t the only factor in retirement planning, especially if you don’t have and don’t plan to have kids. In retirement you hope you have enough money to live on to maintain a comfortable life. Maybe you want to stay in your home, or maybe you want to sell and more somewhere warm and tropical. To do this you can do any number of things, and most of them involve a little frugality now in order to invest in your future.
When planning for retirement, many investors rely on their Social Security retirement benefits as the bedrock of their retirement plan. That’s a perfectly reasonable approach, your benefits will accrue and …