😊 RetireHub Daily 05/27/2024 😊

It is Monday, May 27th, 2024

Dear RetireHub Daily Readers, happy Memorial Day. We’re still here for you, bringing you the usual Money Monday deals, tips, and trivia!

On this day in 1873, archaeologists Frank Calvert and Heinrich Schliemann discovered “Priam’s Treasure”, a cache of treasure in Hissarlik, Turkey, the city once known as Troy.

Do you know who played Achilles in the 2004 film, “Troy”? Test your knowledge in our trivia at the end of this newsletter.

Deals of the Day

Worried about running out of money in retirement?

Worry no more! Retirable, one of RetireHub’s longest-standing partners, helps you understand what’s safe-to-spend each month while growing your wealth throughout retirement—alongside the ongoing care of a fiduciary financial advisor.

• Get a free, zero-commitment retirement consultation!

Walmart Flash Sale: Up to 65% off, four more days only!

This flash sale from Walmart covers a huge range of items with jaw-dropping discounts, but hurry—the deals end in 4 days.

• Shop the Deal

RETIREHUB POLL

Passive Income Ideas

You’ve spent your life working hard to enjoy retirement—but what if you could make money without putting constant work into it? Here are a few ways you could add to your retirement income without going back to work.

• Airbnb—while many states are tightening laws around Airbnb, you’re generally safe offering short-term stays in your primary address. Perfect if you’re away from home for some or part of the year.

• Long-term room rental—if you have the space and feel like you would enjoy having tenants, you could rent out your spare rooms or whole floor of your house.

• You can even rent your driveway—Live in a hard-to-find-parking area? Have spare driveway space? Sign up to JustPark and rent out your driveway!

• Dividend stocks—certain stocks regularly give you a share of the company’s profits. These returns can far outweigh the interest on savings accounts, and you can reinvest them to keep increasing returns.

Have you found a way to make passive income not mentioned here? Reply to this email and tell us—the best response could win a prize next Monday!

Yesterday’s Poll Results - Do you think you could navigate dating in retirement?

❤️ 38% of RetireHub Daily readers don’t think they’d try dating in retirement. 27% are willing to try it, 23% feel nervous/uncomfortable about dating, and 12% have been dating in retirement. We hope everyone finds the type of companionship they are looking for.

Thanks to everyone who voted and commented!

Our Favorite Comments:

We love hearing and sharing comments from our polls! While we can’t publish them all, we do read and appreciate every comment.

• “I look forward to anew chapter in my life and hip to find someone to share it with.”

• “I am happily single and loving it! if it ain't broke don't fix it :) “

• “Thankfully I've been married for 42 years. Dating does not sound comfortable at this point, but a friendship would be nice if I was alone.”

• “Good partners are out there! I found the love of my life at 74!!! ”

WHAT WE’RE READING

SENIOR LIVING NEWS

Here’s Why You Need Financial Education—ASAP!

Out of 100 people, by retirement, 1 will be wealthy, 4 will be financially stable, 5 will need to continue working, 36 will have died, and 54 will need to rely on family/friends for support.

Yikes! Slightly more than half of our population won’t be financially ready to retire!?! My financial literacy radar detector and passion for helping to move the needle on providing financial education is screaming! “What are we waiting for?”

• Read the Article

Pay Off the Mortgage or Save for Retirement?

Having money set aside for retirement can be a huge relief. But as you near retirement, you’ll inevitably start to see the benefits of losing your monthly mortgage payment.

Key Takeaways

•If you pay off your mortgage, you’ll have extra money each month that you can put toward your retirement, but the money you’d spend on your home purchase could be put toward retirement savings.

•It’s important to look at the income you can earn off savings or investing versus the interest you’ll save each month on your mortgage payment.

•If you plan to stay in your home in retirement, having a mortgage-free home could be a huge relief.

• Read the Guide

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Longevity Tip of the Day

Meal prep—this may seem like a chore, but if you’re able to take a Sunday afternoon to plan out and make most of your meals for a week, you get to control exactly what goes into your body, avoiding salt-loaded takeout options. This also removes the stress of deciding what to eat each night!

Slang Word of the Day

Word: “Vibe check”

Definition: When performing a “vibe check”, one is deciding on whether the atmosphere of a place, or the company of a particular person, is worth your time.

Used in a Sentence: “I need a vibe check on the new man that Trish is dating. Anyone met him?”

GOOD NEWS OF THE DAY

Unforgettable Commencement Speaker Surprises Graduates With $1,000 Cash–Asking Them to Give Away Half (WATCH)

The commencement speaker at a Massachusetts university turned the gray rainy weather into a bright sunshiny day when he announced a surprise gift for every graduating student.

Robert Hale Jr., the founder and CEO of Granite Telecommunications, accepted the UMass Dartmouth Chancellor’s Medal for his philanthropy work in the community—and, at the end of his speech, his generosity revealed itself once again.

…Read More

The Average American Enjoys Over 100 ‘Extraordinary Days’ in a Year

A third of your month is bound to be ‘extraordinary,’ according to a new survey.

The poll of 2,000 Americans found the average person has 10 extraordinary days per month—that’s 120 every year.

And if you live in Hawaii, Idaho, or South Dakota, you can bump that up to 13 days per month.

• …Read More

RETIREHUB TRIVIA

Our goal is to grow RetireHub to over 1 million members — with this, we’ll have the leverage to get even better discounts from the likes of Netflix, Amazon, and others.

To help incentivize referrals, we’re giving away 12 months of your favorite streaming service for free! Simply forward this email to a friend (and cc [email protected]) and you’ll be entered into the drawing on June 12th! (Maximum $20/month streaming service).

Each additional friend you send the email to will count as an additional entry (25 person max).