Weekend Reads: A midlife gap year, good vs. bad debt, and more…

By: Kimberly Lankford

November 15, 2019

Why we should all consider taking a midlife gap year

Fascinating article on Ted.com about the benefits of taking off a year from work in your 40s or 50s to travel or spend time on other new experiences, which can help you discover new skills and passions that can refocus your career after you return.

Don’t save too little, or too much

Advice from financial advisers, academics and retirees in the New York Times about finding the balance between financial security and enjoying life.

Why those in their 40s and 50s need to factor longevity risk into their retirement planning

Many Generation Xers are in the middle of the sandwich generation right now — still supporting their kids while also helping their aging parents. But they also need to plan for their own retirement, which could last into their 90s or even early 100s.

A graceful exit

How to develop a plan for giving your assets to your children or to charity that will have the biggest impact — both now and in your estate.

Good debt vs. bad debt

This Forbes article clearly spells out the pros and cons of different kinds of debt — such as a mortgage, student loans and credit cards — and how to assess when some debt can be worthwhile.

Nearly 40% of Americans don’t know their credit score — do you?

Interesting article about the difference between what people think they know about credit scores, and what lenders are actually looking for. Helpful information about monitoring your score and improving it.

Job hunting after 50: The power of creativity and persistence

Great stories of three people who had major career shifts in their 50s into totally new new jobs they never expected, such as a laid off travel group trainer who became a gold mine trucker.

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