You earn your retirement—getting to that goal where you can leave the daily grind and focus on enjoying your senior years takes hard work and planning. But retirement isn’t always devoid of employment.

Maybe it’s a matter of getting more money to enjoy traveling while in retirement. Perhaps your long-time employer didn’t offer the greatest retirement contributions, necessitating a little supplementary income. Or you could just be bored and miss doing something outside of the house with your energy or talents!

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If you’re a book lover like me, then reading is something you consistently take great joy in. I often don’t go anywhere without a book in tow since you can never predict when the opportunity to read may arise. I’ve spent many a Sunday consuming novels from start to finish only stopping to blink, refill my water bottle, and pour more lady gray tea while stirring in a dollop of local Vermont honey. That’s why, when it comes to retirement advice, one great way to prepare yourself is to read about it. I found two lists of “must-read” retirement books that had helpful and interesting reads based on what you might be looking for. The first list of books comes from Barnes and Noble and the second list from Financial Analyst Insider. I won’t mention each book from the lists; instead, I filtered them out, looked up the ratings for each book I selected, and did a little research on the authors, but I encourage you to check out both full lists (Barnes and Noble; Financial Analyst Insider).

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Whether you’re retired or simply planning ahead for the day you no longer have to work, one investment that’s worth looking into is a second or vacation home. After a lifetime of working, it’s worth having a getaway that you and your family can enjoy. Plus, it also serves as something you can pass down to the rest of your family after you’re gone.

Adding a second home can double as a good property investment in a desirable or up-and-coming area. Give these attractive locales consideration if you’re thinking about adding a getaway house to your assets:

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We are becoming more and more tied to our phones as they become increasingly useful in our lives. We can use them for communication, banking, photographing, taking notes, keeping our car insurance ID cards, and more. While you may be a little wary of how entwined in our lives and smartphones are becoming, you shouldn’t count them out. There are many useful purposes phones can serve and one you might consider, especially if you are struggling to save for retirement, are budgeting and savings apps.

It is a commonly known fact that the state of retirement is not looking good for Americans, most have under saved. If you want to read up on some stats, check out this article from The Street. Saving is hard and so is planning for retirement. But as mentioned, your smartphone might be the tool you need to start getting ahead in savings. Here some apps you might consider using:

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Many retirement blog posts these days talk about the dire situation that America is in regarding retirement. According to a survey conducted by Barron’s:

• 27% of Americans (not retired) have borrowed against their workplace retirement plan
• 27% of have accepted penalties to take money out.
• 30% of millennials say their student loans are preventing them from saving for retirement
• The 45-year-old Gen Xer who wants to retire at 64, has $166,328 saved and needs to save $798,000 more over the next 19 years
• 47% of Boomers are full of regret for not saving sooner
• and so on

In an article we wrote recently, we discussed the emotional aspect of retiring early, and how when it comes time to retire, losing the structure and growth you experience from working can be an uncomfortable thought. One woman realized that when she was ready to retire early, she struggled because a lot of her self-worth was tied to being a worker. So, instead of focusing on the gloom and doom of retirement, today we want to share about some ideas for what you can do during retirement whether you are retiring early or later in life, so as not to lose the fulfilment that work brought.

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If you own your own business, the thought of retirement might be just a fleeting one, and you may wonder if you will ever retire, whether that be because you are financially able or mentally willing. It is easy to be entrenched in the business and foresee yourself working well past the typical retirement age. Interestingly, family businesses make up approximately 90% of all businesses in America, yet, for those who own their own business, planning for succession and retirement may not be as high of a priority as you may think. An article from MarketWatch, “Can Self-Employed People Ever Actually Retire?”, offers some interesting insight regarding the self-employed retiring.

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Earlier this year we talked about the FIRE (financial independence, early retirement) movement that some millennials have grabbed onto. Yet, this mindset is not necessarily unique to millennials. The idea of saving aggressively in order to retire early is not a new concept, many are on the path to early retirement. The underlying desirability of early retirement has to do with the idea of control: taking control of your financial dependence so you are not tied to a paycheck. Yet for everyone pursuing financial independence and early retirement, the one question that many wrestle with is, “when do I know I’m ready?” There is no black and white answer, but we want to share some food for thought as well as some testimonies from individuals in an article from Market Watch, “How Do Super Savers Know When They Can Quit Their Jobs?”.

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For retirees in a financial tight spot, a home equity line of credit or borrowing against an existing home equity line of credit can provide a short-term solution. If you are at least 62 with a home that is not heavily mortgaged, a reverse mortgage is another option.

A reverse mortgage gives you tax-free cash. No repayments are due, until you die or move out of the house.

However, these loans are expensive. In addition, reverse mortgages aren’t for those people who want to give their home to heirs, because most or all of the home’s equity may be eaten up by the loan principal and interest.

Fed Week’s recent article entitled “Considerations for Borrowing in Retirement” explains that reverse mortgages work best for seniors who need cash, who want to stay in their homes and who have few other options.

These HECM reverse mortgage loans are insured by the Federal Housing Administration (FHA). They let homeowners convert their home equity into cash with no monthly mortgage payments.

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