Wacky Retirement-Related Words You Won’t Find in Webster’s

This is a guest post by Jan Cullinane, author of AARP’s The Single Woman’s Guide to Retirement. Retirement is changing, and choice is the new normal. Continue to work? Start a new career? Relocate? Stay? Have adult kids live with you? Women and men approach this transition in different ways, so it’s not surprising that new retirement lingo has blossomed. Here is a baker’s dozen of words/acronyms you won’t find in an ordinary dictionary. Related to Relocation: Fanby (find a …

New Thinking about Budgeting for Your Second Adulthood

This is a guest post by Bart Astor. For years financial planners have been preaching that in your retirement years you should plan on spending about 70% of your current income. This number was based on a number of factors, including: You don’t need to continue to save for your retirement years You won’t be paying into Federal Insurance Contributions Act Tax (Social Security and Medicare) You won’t have commuting and work expenses Your house will be close to or already …