I have returned from an excellent weekend in Atlanta catching up with some high school buddies. As mid-stage, still-working baby boomers, we had lots to talk about, including the here and now with kids still in college and the uncertainty of our collective economic futures. I feel blessed that we are still able to make time for these mini-reunions, which always bring joy and optimism to me in spite of my newly arthritic knee.
< Let’s take a quick look at some interesting retirement reads from the past week:
A lengthy study of retirees showed a positive correlation between retirement and improved sleep. Of course the study participants were French who had worked for the government and were receiving pensions equal to 80% of their pre-retirement salaries. I think I could sleep well in that situation as well!
Yahoo Finance published a Kiplinger piece about dividing your retirement nest egg into different time-based components. This is a renewal of interest in the “income for life” asset allocation model. I generally like the concept as superior to the 4% withdrawal rule but I think a more direct method of dealing with the inflation problem is to own TIPS and I-Bonds.
Retirement Revised published a helpful summary of mistakes that older workers make when job-hunting. The point about the likely futility of becoming a consultant or an older security guard is sadly true.
The Best Life blog introduces us to a cutting edge retirement living concept: Naturally occurring retirement communities or “NORCS.” I’m not so sure about the appeal but I’ve decided to remain open minded.