Many people coming up to retirement have done the sums and found that their pension - that shining light at the end of the work tunnel, the very thing that many people have saved for all their working lives – is not actually going to provide enough income for them to live on once they have ceased employment. There are not many options for most people once this realization has dawned. Relocation - find a country abroad that will give you a good standard of living for less money? The other option, and one many people are having to come to terms with, is that they will have to continue working beyond normal retirement age in order to make ends meet. Read more>>

When it comes to financial health in retirement, how much you set aside for your senior years is only half the story. Equally important is how you invest and spend what you’ve saved, and a recent survey indicates more than 50 percent of retirees aren’t spending wisely. Fifty-five percent of seniors aren’t sure how much money they will need to last throughout retirement, according to a national survey by Thrivent Financial for Lutherans, which polled 800 retired and not-yet-retired Americans age 60 to 74. What’s more, the majority (56 percent) is off target with their monthly spending in retirement; 29 percent spent more than expected while 27 percent spent less. Read more>>