Weekend Reading – Benefits of working, a $1-trillion Apple, savings goals by age and more #moneystuff
Welcome to my latest Weekend Reading edition – where I share some of my favourite articles from the week that was across the personal finance and investing blogosphere.
This was my article from the past week:
I was bold in sharing my financial freedom update here – targeting age 50 and beyond for some part-time work. I have no idea if we’ll realize this milestone but it will be great if we do!
Have a great weekend!
From the oldie but goodie file – the benefits of working longer:
- “Activation of the brain and activation of social networks may be critical…”
- “I’ve seen a number of teachers who retire and don’t do anything they think is of value, and they go into decline pretty fast…”
- “…the negative effects of retirement start to appear after the first few years of ceasing to work. The results, he found, do not differ by sex or between people with different educational and occupational backgrounds…”
- “Volunteering and paid work produces better physical and mental health…”
I will work as long as I am physically and mentally able to but my goal towards semi-retirement is to have more choice in that matter – hence my post this week.
Dividend Growth Investor updated the list of U.S. dividend champions.
Apple Inc. became the first U.S.-based company with a market value of $1 trillion, four decades after it was co-founded by Steve Jobs. I have to wonder what the next 40 years might be like for this company?
Here are some savings goals by age. While I’m not typically a fan of this stuff since everyone is different, this article suggested you should have twice your income saved by age 40. I think that’s a reasonable goal for many 40-somethings. How do you or did you measure up when you were 40?
Interesting article here – confirming something I’ve written about for us – how to draw down your portfolio. From the article touting various software (in a paid article I suspect?):
- “…the TFSA is generally the last mode the average retiree will want to tap.” Agreed, I wrote about my preferred draw down order here (RRSPs/RRIFs then non-registered then TFSAs) in some overlooked retirement income considerations.
Want to know how much income you can safely spend in retirement? Of course you do – check out some new tables on my retirement page and essays from some very successful retirees and how you can get there too.
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