The Game of Life After 55

The Game of Life After 55

The popular game of “Life” ends at retirement, but as any baby boomer will tell you, life is far from over once you are of retirement age. There are many paths to take, decisions to make, and life events that have yet to occur. What’s in store for you after 55? Let’s take a look at some possible life paths you could take.

Approximately 10,000 people turn 65 everyday and begin to really examine their financial preparedness to leave the work place behind to pursue a leisurely life. While some may chose to retire early, many more baby boomers want to “work until they drop.” This is understandable considering the declining popularity of pensions and the toll that the recent recession has had on retirement preparedness. So, what will you do? Keep on working, or retire and travel the world in an RV?

Sometimes the life events that occur in retirement age are preventable. Home remodels later in life to reduce the possibilities of falls are growing in popularity. Some older American chose to purchase one level homes, or move into retirement communities rather than bear the expense of remodeling. Falls are a very serious danger to the quality of life in older American, as one statistic points out that falls are the cause of 70% of accidental deaths in people age 75+.

Another danger to the aging population is home safety and security. Identity theft has become more prevalent. Many older Americans are targeted by scam artists simply because they tend to be more trusting and have “nest eggs” to prey on. Older Americans also tend to have home accidents more often. Senior citizens account for 32% of all fire deaths, and are the victims of 1/4 all home robberies. It’s important that if a senior citizen is going to live alone that they feel safe and secure. This can be accomplished with home security systems, working fire alarms, and carbon monoxide alarms. Feeling safe in their home will allow older individuals to feel more independent.

Life after 55 can be some of the best years of your life, but it is all about planning accordingly and prepared for any challenges life might throw your way. Will you become a grandparent, volunteer, or make such an impact in your community that they name the library after you? It’s hard to say, but one thing is for sure: the game of life continues long after 55.

– See more at: http://www.homesecurityteam.com/life-after-55-infographic

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Retirement Investing: Stock Market vs. Real Estate

Even after the stock market crash of 2008, the majority of Americans are focused on traditional investments through the stock market, which yield short-term gains. This infographic illustrates the benefits of investing in alternative assets. These alternative investment options open the door to more sustainable, long-term growth for your retirement savings. Read on for insight into how you can use a self-directed real estate IRA to maximize your IRA’s potential and produce long-term gains of 126% by investing in an income property.

Infographic provided by SafeGuard IRA & 401k Advisors

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