Archives for Retirement Planning

Work Longer, Live Longer

We’ve often heard that people who retire early tend to die sooner than those who delay retirement. A 2016 study by Oregon State University seems to confirm those suspicions with some startling numbers. The research, also featured in the Huffington Post, showed that healthy adults who kept working just one year past age 65 reduced their risk of dying from all causes by 11 percent! “It may not apply to everybody, but we think work brings people a lot of economic and social benefits that could impact the length of their lives,” said lead author Chenkai Wu. Also interesting is
Read More

Categories: Retirement Planning.

Volunteering in Retirement Offers Tangible Benefits

Volunteerism among retirees is popular these days and the activity seems to help them live longer. Studies from the Corporation for National and Community Service show people who volunteer “report lower mortality rates, lower rates of depression, fewer physical limitations and lower levels of stress than those who don’t volunteer.” Data from the 2014 study shows 20 million older adults 55 and up average more than 3 billion hours of service in their communities annually. The value of this time is estimated at $75 billion. Tax Deductible Volunteering has some tax saving benefits, too. Though you can’t deduct anything for
Read More

Categories: Retirement Planning.