Thursday, April 6, 2017

Tennis Pro Retirement News: Boosting your income, Boomers, Millennials, Are you Ready, Flawed Advice, and Why 70 is the New 65

Boosting your income in retirement - 8 tips

These are sound and some work best when delayed as long as possible before taking the income.  Starting your own business makes sense and if you're a teaching pro then just keep teaching but consider it in a different context than before.  Don't push yourself as hard and consider doing more things such as groups that need less physical effort than private playing lessons.

Baby Boomers Retirement income

Millennials in Retirement - money lessons

Retirement is Coming - are you ready?

If you are closing in on retirement then you need to consider any ideas that can help you do it successfully.

Tackling Retirement 3 questions and some answers

Flawed Advice Can Doom Your Retirement

Inflation can ruin your retirement - the silent killer

Why 70 is the new 65 for retirement

The Australian Plan - Unfortunately you'll have to do it on your own if you aren't in Australia.

It is befitting a tennis page that probably one of the best ideas for a tennis pro to plan for retirement is to set aside 12% or more of their income over the course of their working years like the Australians do.  With diversified investment a large amount can be created to convert into an annuity.

Retiring at 52 - 10 surprising things he learned

These ring true since I have retired a number of times.  If you are a tennis teacher and work less than  20 hours per week you're retired at least for the time being.  There is nothing wrong with that and more importantly it may be the thing that allows you to keep teaching for a lifetime, making you a tennis lifer.

Finding Your Retirement Age

If you're a tennis teacher half of these don't apply.  How is your job should be - I love it.  Also, if you consider boredom, I know of no good tennis teachers that become bored with the job.  Health is the one area that may slow you down.  Arthritis is a big problem for most lifetime athletes along with back injuries and joint problems.  If you have any of these, well this has to factor into your calculations.

Never Retire

Many people have given up on the idea.  Tennis pros have a unique advantage in that their job is an avocation.  It is something they love.  Keep doing it.