Retirement is commonly known as the end of your career and the beginning of a new life of leisure. But is there another way to move into this new phase of life? A way to remain relevant as an individual, to expand your knowledge, and to continue to have an impact on the world?

Residents of Pennsylvania will spend, on average, $1.08 million during their retirement years, in a state where the cost of living is 2.5% lower than the national average, according to a new study from the website 24/7 Wall St.

Mary and Pete saved every penny for retirement. They never went on vacations, they rarely went out to eat, and they lived a frugal lifestyle secure in the knowledge that when they retired, they would be able to live comfortably.

People often dial back credit usage as retirement approaches — mortgages may be paid off, cars accumulate fewer miles and get replaced less frequently, and household spending winds down as the nest empties.

If you are among the many Americans planning to work past age 65 to help make up for a shortfall in retirement savings, some recent studies should give you pause to rethink those plans.

If you are among the many Americans planning to work past age 65 to help make up for a shortfall in retirement savings, some recent studies should give you pause to rethink those plans.

Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did do, so throw off the bowlines, sail away from safe harbor, and catch the trade winds in your sails. – Mark Twain

As more baby boomers approach retirement, growing numbers are passing it up in favor of “second act” jobs: work during their retirement-age years, whether full or part time.

If you’re planning to work until you’re 70 or older, be sure you’re actually capable of it.

Millennials and boomers are the two largest demographic groups who are driving the tiny-house movement.