Top 30 Quotes About Getting Older!
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Written by webtechs

Top 30 Quotes About Getting Older!

Here are 30 insightful, funny, and thought-provoking quotes about getting older, spanning wisdom, humor, and reflection:

🧠 Wise & Reflective Quotes

  1. “Do not regret growing older. It is a privilege denied to many.” – Unknown

  2. “You don’t stop laughing when you grow old, you grow old when you stop laughing.” – George Bernard Shaw

  3. “The longer I live, the more beautiful life becomes.” – Frank Lloyd Wright

  4. “Aging is not ‘lost youth’ but a new stage of opportunity and strength.” – Betty Friedan

  5. “Grow old along with me! The best is yet to be.” – Robert Browning

  6. “With age comes wisdom, but sometimes age comes alone.” – Oscar Wilde

  7. “To keep the heart unwrinkled, to be hopeful, kindly, cheerful, reverent—that is to triumph over old age.” – Thomas Bailey Aldrich

  8. “The older I get, the more I realize that the ultimate luxury is time.” – Michael Kors

  9. “We don’t grow older, we grow riper.” – Pablo Picasso

  10. “Aging is an extraordinary process where you become the person you always should have been.” – David Bowie

😂 Funny & Lighthearted Quotes

  1. “You know you’re getting old when the candles cost more than the cake.” – Bob Hope

  2. “Age is strictly a case of mind over matter. If you don’t mind, it doesn’t matter.” – Jack Benny

  3. “The older I get, the better I used to be.” – Lee Trevino

  4. “Middle age is when your age starts to show around your middle.” – Bob Hope

  5. “I’m at an age where my back goes out more than I do.” – Phyllis Diller

  6. “Inside every old person is a young person wondering what the hell happened.” – Cora Harvey Armstrong

  7. “You can’t help getting older, but you don’t have to get old.” – George Burns

  8. “As you get older, three things happen: The first is your memory goes, and I can’t remember the other two.” – Norman Wisdom

  9. “Old age is like a plane flying through a storm. Once you’re aboard, there’s nothing you can do.” – Golda Meir

  10. “I’m not old. I’m 25 plus shipping and handling.” – Unknown

❤️ Poetic & Sentimental Quotes

  1. “Time may wrinkle the skin, but to give up enthusiasm wrinkles the soul.” – Samuel Ullman

  2. “Beautiful young people are accidents of nature, but beautiful old people are works of art.” – Eleanor Roosevelt

  3. “The great thing about getting older is that you don’t lose all the other ages you’ve been.” – Madeleine L’Engle

  4. “Age does not protect you from love, but love, to some extent, protects you from age.” – Jeanne Moreau

  5. “Anyone who keeps the ability to see beauty never grows old.” – Franz Kafka

  6. “You are never too old to set another goal or to dream a new dream.” – C.S. Lewis

  7. “We don’t stop playing because we grow old; we grow old because we stop playing.” – George Bernard Shaw

  8. “Aging gracefully is a matter of staying young at heart.” – Unknown

  9. “It’s not how old you are, it’s how you are old.” – Jules Renard

  10. “Old age is like everything else. To make a success of it, you’ve got to start young.” – Theodore Roosevelt

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Can I Retire At 60 With 500K
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Written by Brian B

Can I Retire With 500K?

If you are currently wondering aloud “can I retire with 500k,” you’ll be relieved to learn the answer is yes! There is no easy way to make this a reality, though. You will have to stay disciplined with your finances and save as much as possible. Here is a guide for retiring with $500,000 in the bank.

How Can I Retire With 500K?

The common rule of thumb is that you’ll need to save $1 to $2 million in order to retire. While that is a figure most workers should strive for, sometimes it is simply unrealistic. In some cases, 500K saved will be enough to retire on. With a smart budget and the possibility of two individuals in your home receiving social security or pension income, it is certainly possible to retire with a smaller amount saved.

Here are three steps to follow when saving for retirement at 60:

  • Live on a budget.
  • It’s all about location.
  • Save money early.

Live On A Budget

Enjoying your current lifestyle while also planning for the future is a key towards building a successful retirement. Basic living expenses, such as housing, utilities, healthcare and transportation should all be on a tight budget. If you are struggling to come up with a budget you deem attainable, then the experts suggest going back and reviewing your bills from the past year or month. What could you cut back on, financially, and how can you make those sacrifices? Do not wait until your 40s or 50s to make these evaluations if retirement at 60 is your goal.

It’s All About Location

This may be the hardest part about saving for an early retirement. Consider the idea of moving to an area with lower housing prices, if possible. Of course, this is certainly a tough ask if you are raising kids, and happy with the school district that they are enrolled in. A move can also apply to when you actually do retire. With 500K saved, you might not be able to afford living in the most luxurious areas in the country. Never live above your means, especially during retirement.

Save Money Early

Obviously, the more money you save throughout your life, the more equipped you are for a long and healthy retirement plan. Saving as much money as possible while you are young and middle aged is an essential part of the retirement process. Luckily, there are many ways to save money these days. Opening a traditional or Roth IRA are great ways to save. Constantly take advantage of unexpected savings, like a work bonus. Toss any extra cash into an IRA or even towards your 401(K). If your employer offers a retirement plan, check to see if they will match any amount fully.

When Might Be The Best Time To Start Saving For Retirement

When Is The Best Time To Start Saving For Retirement?

Ideally, experts suggest that everyone starts saving for retirement as soon as they possibly can. Easier said than done, right? Well, experts offer many options for young people to save money now. Putting away at least 10% of your monthly income is a great way to start saving. Simple math here: put away 10% of your $5,000 earned per month equals a savings of $500 per month. That means a total of $6,000 will be saved for the year. Not a bad start at all. Saving 10% per month, starting in your 20s will help cover for any dips in the stock market.

According to a recent survey conducted by Charles Schwab, Americans believe they should have $1.7 million saved by age 65. In order to hit that goal, you would need to save nearly $500 per month, starting at age 25. In some cases, this amount of savings is not reasonable at all. Some 25-year-olds may be struggling in the job market, raising kids, paying off students, or all of the above. If you begin saving for retirement later on, the amount per month needed to be put away will only increase.

Average Ages When Americans Begin Saving

Here is a look at the typical age groups when Americans begin saving for retirement.

  • Ages 20-29: 39%
  • Ages 30-39: 25%
  • Ages 40-49: 15%
  • Ages 50-59: 6%

All data is from a report published by Morning Consult.

Independent Living At Desert Winds Retirement In Peoria, Arizona 

If you are searching for an independent living facility in Peoria, Arizona, Desert Winds Retirement Community is the facility for you! Travel over to our independent living page to see pictures find out more about our facility, amenities, floor plans and more.

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Top 30 Quotes About Getting Older!
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Written by Brian B

Funny Retirement One Liners

Retirement is the world’s longest coffee break! Check out more funny retirement one liners below! 

Funny Retirement Quotes

1. The best time to start thinking about your retirement is before the boss does.

2. Money isn’t everything but it sure keeps you in touch with your children.

3. Be nice to your kids. They’ll choose your nursing home.

4. “The really frightening thing about middle age is that you know you’ll grow out of it.” – Doris Day

5. Sometimes the best part of your job is retirement.

6. Retirement: It’s not the end of your life, it’s the end of your bank account.

7. I hope you like Saturdays, because every day just became Saturday!

8. Congratulations on deciding life is more important than work. What took you so long?

9. Retirement is like one big sick day without the sick pay.

10. When did being unemployed become something to brag about?

11. We all aspire to retire, and then what?

12. You’re retired – goodbye tension, hello pension!

13. What do you call someone who’s happy on Mondays? Retired!

14. The best part about being retired is never having to request time off.

15. Retirement: No job, no stress, no pay!

16. “God’s retirement plan is out of this world.” – Unknown

17. How do you know you’re old? People call at 9 p.m. and ask, “Did I wake you?”

18. A retired husband is often a wife’s full-time job.

19. Retirement is the time in your life when time is no longer money.

20. Why are there so many old people in church? They’re cramming for the final.

21. The question isn’t at what age I want to retire, it’s at what income.

22. Retirement is wonderful. It’s doing nothing without worrying about getting caught at it. 

23. Why do retirees smile all the time? Because they can’t hear a word you’re saying!

24. Don’t mess with old people, life imprisonment is not that much of a deterrent anymore.

25. The older you get, the more you need to keep a fire extinguisher closer to the cake. 

Retirement Jokes

Funny Retirement One Liners For Cards

26. Children are the leading cause of old age.

27. How many retirees to change a light bulb? Only one, but it might take all day.

28. When is a retiree’s bedtime? Three hours after he falls asleep on the couch.

29. Age is an issue of mind over matter. If you don’t mind, it doesn’t matter,

30. Retirement kills more people than hard work ever did.

31. You know you’re fifty when your chiropractor sends you birthday cards.

32. You know you’re getting old when you have more candles on your cake than friends at your birthday party.

33. To be old and wise, you must first be young and stupid.

34. Just remember, it’s better to pay full price than to admit you’re a senior citizen.

35. I’m not retired – golfing is a full-time job!

36. Life is short. Smile while you still have teeth!

37. Retired and happy… spending my kids’ inheritance.

38. Retirement is what you do between doctor appointments.

39. Retirement is when you stop living at work and start working at living.

40. “Retire from work, but not from life.” – M.K. Soni

41. “I need to retire from retirement.” – Sandra Day O’Connor

42. “I think that retirement is the first step towards the grave.” – Hugh Hefner

43. Regular naps prevent old age, especially if you take them while driving.

44. If the music’s too loud, you’re too old.

45. I love coffee. It’s Redbull for old people.

46. The company gave me an aptitude test and I found out the work I was best suited for was retirement.

47. “You have to put off being young until you can retire.” – Unknown

48. “Aging seems to be the only available way to live a long life.” – Kitty O’Neill Collins

49. “Except for the occasional heart attack, I feel as young as I ever did.” – Robert Benchley

50. Retirement: the pay sucks, but the hours are really good!

Retirees

More Retirement Jokes:

Retirement Jokes

Home And Retired

Retirement Sayings

Lifestyle Quotes

Aging Quotes

Assisted Living At Desert Winds Retirement In Peoria, Arizona 

If you are searching for a memory care facility in Peoria, Arizona, Desert Winds Retirement Community is the facility for you! Travel over to our memory care page to see pictures find out more about our facility, amenities, floor plans and more.

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Best Cities To Retire In Arizona
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Written by Brian B

5 Best Retirement Cities In Arizona

Perfect weather, breathtaking parks and views, and world-class golf resorts. The reasons to retire in the state of Arizona are endless! But, choosing which part of Arizona to retire in can be tricky. Here’s a look at five of the best cities to retire in Arizona.

1. Sedona, Arizona

Do you love all that Arizona has to offer but hate the constant heat? Well, Sedona is the perfect place for you! On average, Sedona is nearly 10 degrees cooler during the summertime than nearby cities like Scottsdale and Tempe. Known for its gorgeous red rock beauty, Sedona is a small town with plenty of action. Hikes for all sorts of skill levels can be found in Sedona, as well as the annual International Film Festival. Come see why Sedona is regarded as one of the best cities to retire in the entire United States.

Retirement community in Sedona: Sedona Winds

2. Peoria, Arizona

This major suburb of Phoenix is currently the ninth-largest city in the state, and growing! Peoria is a perfect location for the retired sports fan. Currently home of both the San Diego Padres and Seattle Mariners, baseball fans will adore the selection of spring training action happening here. It’s no wonder why Money Magazine ranked Peoria as one of its top 100 places to live in the United States. Beautiful views and historic sightseeing are just two more reasons to make Peoria your future home.

Retirement community in Peoria: Desert Winds

3. Mesa, Arizona

Although Mesa is the third largest city in the state, it ranks 10th in terms of cost of living. This affordable suburb of Phoenix is growing in popularity each year. Downtown and Old Town Phoenix, Tempe and Scottsdale are all within driving distance. Some of the premier golf courses in the area are also located in Mesa. The Phoenix-Mesa Gateway Airport offers a great alternative for those looking to avoid the major airport in the area. With average temperatures of 75-85 degrees from November to April, Mesa is a great place to call home.

Retirement community in Mesa: Canyon Winds

4. Youngtown, Arizona

Don’t know much about Youngtown, Arizona? Well, you might be in the majority… but not for long. Youngtown has a tiny population of just over 6,000 people. Incredibly enough, though, Youngtown is actually the oldest retirement community in the United States. In 1954, the first-ever community dedicated solely to retirees was built here. Age restrictions were initially enacted in this area, but eventually repealed back in 1999. For the moment, Youngtown, Arizona is still one of the best kept secrets in the country.

Retirement community in Youngtown: Ventana Winds

5. Surprise, Arizona

Surprise, Arizona offers a restful location, 45 minutes outside of the busy Phoenix region. Surrounded by the Sonoran Desert, Surprise has become a hotspot, recently. With baseball’s spring training facilities, numerous parks and a slower-paced lifestyle, Surprise is a perfect spot to retire. Retirees started flocking to this city in the 1990s, and the popularity has continued to rise ever since. Plan your next trip to the valley of the sun and stop by Surprise while you visit!

Retirement community in Surprise: Chaparral Winds

Why Retire In Arizona?

A strong economy, low cost of living and beautiful weather are all reasons why so many people choose to retire in Arizona.

Low Cost Of Living

In addition to a strong economy, Arizona is also more affordable to live in than most other states, according to BestPlaces. Whether you desire to move into a one-bedroom, two-bedroom or even studio apartment, chances are high that you’ll pay less in the state of Arizona. Combine the affordable living costs with the strong economy and job market, and your financial future seems secure. 

More Sunny Days Than Anywhere Else

This is an actual fact. The state of Arizona experiences more sunny days than any other state in the country. This information comes directly from the NOAA (The United States National Oceanic & Atmospheric Administration). Yes, even the sunshine state of Florida receives less sunlight than Arizona.

Golf Destination

Arizona is a golfer’s paradise. Enjoy the perfect retirement hobby in style when choosing to live in valley of the sun. Premier golf courses are featured all across the state, from Sedona to Tucson. Are you more of a golf fan than player? Well, you are in luck because Scottsdale is also the home of the PGA’s Waste Management Phoenix Open.

Fewer Tax Burdens

Did we mention the low cost of living? The news just keeps getting better as Arizona offers less tax burdens than most other states. Unlike other parts of the U.S., Arizona allows its residents to keep as much of their income as possible. States can collect from citizens in more ways than just through income taxes. These include taxes on alcoholic beverages and gas that a state can use for a variety of purposes. 

Beautiful Scenery

Arizona has more than breathtaking sunrises and sunsets. If you are an outdoors lover, this state has some of the best scenic hike options in the world. Sedona is home to the famous red rocks, with beautiful mountains ranges and scenic highways. Enjoy mountains, lakes and unmatched beauty all across the state.

Independent Living At Desert Winds Retirement In Peoria, Arizona 

If you are searching for an independent living facility in Peoria, Arizona, Desert Winds Retirement Community is the facility for you! Travel over to our independent living page to see pictures find out more about our facility, amenities, floor plans and more.

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Regular Post
Written by Brian B

When Can You Stop Filing Taxes?

What Age Can You Stop Filing Income Taxes?

You can stop filing income taxes at age 65 if:

  • You are a senior that is not married and make less than $14,250
  • You are a senior that is married, and you are going to file jointly and make less than $26,450
  • You are a qualifying widow, and earned less than $26,450

The IRS will want you to file a tax return when your gross income surpasses the total of the standard deduction for your filing status, in addition to one exemption amount. These filing rules will still apply to senior citizens who are living on their Social Security. However, if you are a senior, you don’t consider your Social Security income as gross income. If Social Security is your only source of income, then you won’t need to file a tax return.

When Seniors Must File Taxes

For the tax year 2021, at least, you will need to file a tax return if you are not married, at least 65 years of age, and your gross income was $14,250 or higher. But, if you live on your Social Security benefits, you don’t include this in your gross income according to TurboTax. If this is solely the income you receive, then your gross income comes out to zero, and you won’t have to file a federal income tax return. But if you do earn additional income that is not exempt from being taxed, then each year you must figure out whether the total exceeds $14,250.

For previous tax years, these amounts are based on the year’s standard deduction, in addition to the exemption amount for your filing status and age. For tax years after 2018, only the standard deduction is used because exemptions are no longer used in calculating your taxable income under the new tax law passed in the latter part 2017.

When you and your spouse are 65 years of age or older and married and are going to file a joint return, you have to file a return if your joined gross income exceeds $27,800 or more. When your spouse is under 65 years old, the threshold amount diminishes to $26,450. Bear in mind that these income thresholds only apply to the 2018 tax year, and usually increase somewhat each year after.

When To Include Social Security In Your Gross Income

There are certain circumstances when seniors must add their Social Security benefits in their gross income. If you are married and file an individual tax return and reside with your spouse during the year, 85% of your Social Security benefits are deemed gross income which may warrant you to file a tax return. Additionally, an allotment of your Social Security benefits are included in gross income, no matter your status, in any year the total of half your Social Security including all other income, tax-exempt interest, exceeding $25,000 or $32,000 if you are married and filing jointly.

Tax Credits For Seniors

Even if you have to file a tax return, there are ways you can decrease the amount of tax you will pay on your taxable income. So long as you are a minimum of 65 years old and your income from sources other than your Social Security is not high, then a tax credit for seniors, the elderly or disabled, can lessen your tax bill on a dollar-for-dollar arrangement. Nevertheless, this tax credit is only useful when you truly owe tax to the IRS.

What Age Do You Stop Paying Taxes on Social Security?

You can stop paying taxes on Social Security at 65 years old as long as your income is not high. According to TurboTax, “As long as you are at least 65 years old and your income from sources other than Social Security is not high, then the tax credit for the elderly or disabled can reduce your tax bill on a dollar-for-dollar basis. However, this tax credit is only useful when you actually owe tax to the IRS.”

Desert Winds Offers The Finest Retirement Living In Peoria, Arizona

Desert Winds is a retirement facility in Peoria, Arizona offering assisted living, independent living, and memory care services. For more information about our senior living facility, SLS Communities or to schedule a tour, please call us today at (623) 362-1200.

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Retirement Jokes
Regular Post
Written by Brian B

50 Retirement Jokes

Retirement is the world’s longest coffee break! Check out more of the best retirement jokes right here! 

Best Retirement Jokes

1. The best time to start thinking about your retirement is before the boss does.

2. Money isn’t everything but it sure keeps you in touch with your children.

3. Be nice to your kids. They’ll choose your nursing home.

4. “The really frightening thing about middle age is that you know you’ll grow out of it.” – Doris Day

5. Sometimes the best part of your job is retirement.

6. Retirement: It’s not the end of your life, it’s the end of your bank account.

7. I hope you like Saturdays, because every day just became Saturday!

8. Congratulations on deciding life is more important than work. What took you so long?

9. Retirement is like one big sick day without the sick pay.

10. When did being unemployed become something to brag about?

11. We all aspire to retire, and then what?

12. You’re retired – goodbye tension, hello pension!

13. What do you call someone who’s happy on Mondays? Retired!

14. The best part about being retired is never having to request time off.

15. Retirement: No job, no stress, no pay!

16. “God’s retirement plan is out of this world.” – Unknown

17. How do you know you’re old? People call at 9 p.m. and ask, “Did I wake you?”

18. A retired husband is often a wife’s full-time job.

19. Retirement is the time in your life when time is no longer money.

20. Why are there so many old people in church? They’re cramming for the final.

21. The question isn’t at what age I want to retire, it’s at what income.

22. Retirement is wonderful. It’s doing nothing without worrying about getting caught at it. 

23. Why do retirees smile all the time? Because they can’t hear a word you’re saying!

24. Don’t mess with old people, life imprisonment is not that much of a deterrent anymore.

25. The older you get, the more you need to keep a fire extinguisher closer to the cake. 

Retired Couple

26. Children are the leading cause of old age.

27. How many retirees to change a light bulb? Only one, but it might take all day.

28. When is a retiree’s bedtime? Three hours after he falls asleep on the couch.

29. Age is an issue of mind over matter. If you don’t mind, it doesn’t matter,

30. Retirement kills more people than hard work ever did.

31. You know you’re fifty when your chiropractor sends you birthday cards.

32. You know you’re getting old when you have more candles on your cake than friends at your birthday party.

33. To be old and wise, you must first be young and stupid.

34. Just remember, it’s better to pay full price than to admit you’re a senior citizen.

35. I’m not retired – golfing is a full-time job!

36. Life is short. Smile while you still have teeth!

37. Retired and happy… spending my kids’ inheritance.

38. Retirement is what you do between doctor appointments.

39. Retirement is when you stop living at work and start working at living.

40. “Retire from work, but not from life.” – M.K. Soni

41. “I need to retire from retirement.” – Sandra Day O’Connor

42. “I think that retirement is the first step towards the grave.” – Hugh Hefner

43. Regular naps prevent old age, especially if you take them while driving.

44. If the music’s too loud, you’re too old.

45. I love coffee. It’s Redbull for old people.

46. The company gave me an aptitude test and I found out the work I was best suited for was retirement.

47. “You have to put off being young until you can retire.” – Unknown

48. “Aging seems to be the only available way to live a long life.” – Kitty O’Neill Collins

49. “Except for the occasional heart attack, I feel as young as I ever did.” – Robert Benchley

50. Retirement: the pay sucks, but the hours are really good!

Retirees

More Retirement Jokes:

Retirement Jokes

Home And Retired

Retirement Sayings

Lifestyle Quotes

Aging Quotes

Assisted Living At Desert Winds Retirement In Peoria, Arizona 

If you are searching for a memory care facility in Peoria, Arizona, Desert Winds Retirement Community is the facility for you! Travel over to our memory care page to see pictures find out more about our facility, amenities, floor plans and more.

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Virtual Retirement Party Ideas
Regular Post
Written by Brian B

Virtual Retirement Party Ideas

If your workplace has gone virtual, there’s a decent chance you’ll throw or be part of a virtual retirement party at some point. If you’re looking for some ideas for the virtual event, we’re here to help!

Launch Countdown Clock

While you may be sad to see your boss or co-worker leave, you can also share in their excitement for new adventures to come. Creating a virtual retirement clock can increase the anticipation for both the retiree’s next chapter and the upcoming party. Many sites have the resources to help you build a personalized countdown clock. The process is simple and easy.

Gift Openings

Just because the party has gone virtual this doesn’t mean you have to forego the gifts. Consider sending physical gifts to the retiree before the party begins. Online vouchers and gift cards simply don’t have the same feel as a physical gift. Send gifts to the man or woman of the hour, then have the individual open the gifts for all to see.

Retirement Bucket List

Some head towards retirement with a clear plan, while others may not know how they’ll spend their time. Help the retiree out by compiling a list of fun activities or travel suggestions. An easy way to make the list is by using a Google Doc, which you can open access to for all co-workers to chip in. From where to travel or what new foods to try, the items included on this list can be endless.

Prepare Speeches

There are many ways to do speeches during a retirement party. You can either sprinkle a few speeches in throughout the party or wait until the very last moments. Let as many co-workers or employees speak as possible. Then, encourage the retiree to save some final words.

Invite Friends And Family

There’s never a crowd that’s too large thanks to many video conferencing platforms today. With that being said, invite some friends and family members of the retiree to get in on the fun. Try inviting some people without the retiree’s knowledge. The surprises can take the virtual retirement party to the next level.

Play Party Games

With some classic games not possible due to the virtual environment, try some newer games for the whole group. Easy games like a personal or workplace quiz can be put together by all involved in the party planning. You can even create a virtual retirement bingo board to play during the event.

Assisted Living At Desert Winds Retirement In Peoria, Arizona 

If you are searching for a memory care facility in Peoria, Arizona, Desert Winds Retirement Community is the facility for you! Travel over to our memory care page to see pictures find out more about our facility, amenities, floor plans and more.

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Can I Retire At 60 With 500K
Regular Post
Written by Brian B

Can I Retire At 60 With 500K

If you are currently wondering aloud “can I retire at 60 with 500k,” you’ll be relieved to learn the answer is yes! There is no easy way to make this a reality, though. You will have to stay disciplined with your finances and save as much as possible. Here is a guide for retiring with $500,000 in the bank.

How Can I Retire With 500K?

The common rule of thumb is that you’ll need to save $1 to $2 million in order to retire. While that is a figure most workers should strive for, sometimes it is simply unrealistic. In some cases, 500K saved will be enough to retire on. With a smart budget and the possibility of two individuals in your home receiving social security or pension income, it is certainly possible to retire with a smaller amount saved.

Here are three steps to follow when saving for retirement at 60:

  • Live on a budget.
  • It’s all about location.
  • Save money early.

Live On A Budget

Enjoying your current lifestyle while also planning for the future is a key towards building a successful retirement. Basic living expenses, such as housing, utilities, healthcare and transportation should all be on a tight budget. If you are struggling to come up with a budget you deem attainable, then the experts suggest going back and reviewing your bills from the past year or month. What could you cut back on, financially, and how can you make those sacrifices? Do not wait until your 40s or 50s to make these evaluations if retirement at 60 is your goal.

It’s All About Location

This may be the hardest part about saving for an early retirement. Consider the idea of moving to an area with lower housing prices, if possible. Of course, this is certainly a tough ask if you are raising kids, and happy with the school district that they are enrolled in. A move can also apply to when you actually do retire. With 500K saved, you might not be able to afford living in the most luxurious areas in the country. Never live above your means, especially during retirement.

Save Money Early

Obviously, the more money you save throughout your life, the more equipped you are for a long and healthy retirement plan. Saving as much money as possible while you are young and middle aged is an essential part of the retirement process. Luckily, there are many ways to save money these days. Opening a traditional or Roth IRA are great ways to save. Constantly take advantage of unexpected savings, like a work bonus. Toss any extra cash into an IRA or even towards your 401(K). If your employer offers a retirement plan, check to see if they will match any amount fully.

When Might Be The Best Time To Start Saving For Retirement

When Is The Best Time To Start Saving For Retirement?

Ideally, experts suggest that everyone starts saving for retirement as soon as they possibly can. Easier said than done, right? Well, experts offer many options for young people to save money now. Putting away at least 10% of your monthly income is a great way to start saving. Simple math here: put away 10% of your $5,000 earned per month equals a savings of $500 per month. That means a total of $6,000 will be saved for the year. Not a bad start at all. Saving 10% per month, starting in your 20s will help cover for any dips in the stock market.

According to a recent survey conducted by Charles Schwab, Americans believe they should have $1.7 million saved by age 65. In order to hit that goal, you would need to save nearly $500 per month, starting at age 25. In some cases, this amount of savings is not reasonable at all. Some 25-year-olds may be struggling in the job market, raising kids, paying off students, or all of the above. If you begin saving for retirement later on, the amount per month needed to be put away will only increase.

Average Ages When Americans Begin Saving

Here is a look at the typical age groups when Americans begin saving for retirement.

  • Ages 20-29: 39%
  • Ages 30-39: 25%
  • Ages 40-49: 15%
  • Ages 50-59: 6%

All data is from a report published by Morning Consult.

Independent Living At Desert Winds Retirement In Peoria, Arizona 

If you are searching for an independent living facility in Peoria, Arizona, Desert Winds Retirement Community is the facility for you! Travel over to our independent living page to see pictures find out more about our facility, amenities, floor plans and more.

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Why Retire In Arizona?
Regular Post
Written by Brian B

Why Retire In Arizona?

If you are searching for “why retire in Arizona” or “why do people retire in Arizona,” then you’ve come to the right place! Arizona is one of the most popular states for retirees in the entire country. Let’s take a look at some of reasons why you should consider retiring in the Grand Canyon State.

Benefits Of Retiring In Arizona

  • Low cost of living
  • Quality healthcare
  • Sunny days
  • Golfer’s paradise
  • Beautiful scenery

Low Cost Of Living

According to BestPlaces, Arizona’s overall costs of living do fall below the U.S. average. Studio apartments actually cost $100 less than the national average, per month. Whether you desire a studio, one-bedroom, two-bedroom or three-bedroom apartment, you’ll enjoy saving money when you choose to live in Arizona.

Quality Healthcare

Quality healthcare is essential for retirees and seniors. And this is just another reason why you should choose to retire in Arizona. USNews recently ranked Arizona #23 for healthcare out of the 50 states. This list took into account access to healthcare for adults and juveniles, as well as overall quality. Arizona scored very high in both categories.

Sunny Days

This place isn’t call the valley of the sun for no reason! Nothing brightens one’s day quite like waking up to some beautiful sunshine. Well, the state of Arizona actually enjoys more sunny days than any other state in the country, according to the NOAA. It’s time to ditch the dreary, overcast weather for the sunniest state in the U.S. That’s right, even Florida has less sunny days than Arizona.

Golfer’s Paradise

Golf is one of the most popular activities or hobbies for today’s retirees. You can’t find a better state to golf in than Arizona. Not only does this state experience more sunny days than anywhere else, as referenced above, but it is also home to numerous world-class golf resorts. Both Phoenix and Scottsdale are regarded as two of the best golfing cities in the country. Play where the professionals play; right here in Arizona!

Beautiful Scenery

Sunsets and sunrises are just the beginning. Take a trip out to the Grand Canyon or even Horseshoe Bend to see some of the most breathtaking scenery you’ll find anywhere. Traveling to the small town of Sedona is a must! The red rock beauty has helped Sedona gain a reputation as one of the most scenic locations in the country.

Independent Living At Desert Winds Retirement In Peoria, Arizona 

If you are searching for an independent living facility in Peoria, Arizona, Desert Winds Retirement Community is the facility for you! Travel over to our independent living page to see pictures find out more about our facility, amenities, floor plans and more.

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How To Save For Retirement Without A 401k
Regular Post
Written by Brian B

How To Save For Retirement Without A 401k

Some people beginning to save for retirement may fear they won’t have enough money accumulated without a 401k. This is simply untrue. There are many alternative ways to save money throughout your career. This post will explore retirement savings options for those without a 401k.

Retirement Savings Options

Here are a few ways to save money in the absence of a 401k plan:

  • Open an IRA
  • Save tax refunds
  • Contribute to a CD
  • Solo 401k
  • Health savings account (HSA)

Open An IRA

Opening an IRA is the most popular alternative for individuals without a 401k. Many turn to opening an IRA because there are many different IRAs one can invest in. Both a Roth IRA and a traditional IRA are great investment options. The only stipulation is that one must be earning an income to open an IRA. But, this does include individuals who may be unemployed, yet married to someone who is earning an income. Freelancers and self-employed individuals often choose to open an IRA.

Save Tax Refunds

This is the simplest, but far from easiest option for individuals to save money towards retirement. All you have to do is put your tax refunds directly into savings as soon as you receive it. This may seem like a difficult option, especially for those who depend on tax returns. In the end, though, saving tax returns will be worth it. IRS Form 8888 allows taxpayers to directly deposit refunds into two or more investment or savings acoounts.

Contribute To A CD

A CD (certificate of deposit) offers another great option for those looking for savings opportunities in the absence of a 401k. One of the biggest benefits of a CD is that money can be withdrawn at seemingly any time for any reason. This is an ideal investment option for people who may encounter some large upcoming bills, such as hospital stays and so on. The federal governement insures CDs to never lose value, making this one of the safest invest options possible.

Solo 401k

Also known as self-employed 401k, a solo 401k plan is ideal for those not expected to make a large yearly income. This plan gives you the option to contribute twice, once as the employer and as the employee. As long as the total does not exceed $19,500, individuals are allowed to contribute their entire yearly earnings. That, of course, differs when contributing as the employer. Here, you can contribute up to 25% of your earnings. Spouses of those participating in this plan are eligible, as well.

Health Savings Account (HSA)

A health savings account can be opened even if you have already elected to start an IRA, solo 401k or a CD. The benefits of a health savings account include tax-free withdrawals and growth potential. Money can be pulled from this account with no penalties after the age of 65.

Read more about saving without a 401k right here.

Independent Living At Desert Winds Retirement In Peoria, Arizona 

If you are searching for an independent living facility in Peoria, Arizona, Desert Winds Retirement Community is the facility for you! Travel over to our independent living page to see pictures find out more about our facility, amenities, floor plans and more.

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