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10 Popular Retirement Lifestyles

No one admits that they want to be labeled or put into a box. It seems so confining. But, actually, most people do. It gives them an identity, and a group where they fit in.

Here are ten basic retirement lifestyles, some with a bit of tongue-in-cheek. But face it, if you’re retired, you probably fit at least partially into one of these categories. If you’re not retired, maybe this will give you an idea of what to expect after you hand in your papers and accept your gold watch.

Traveler. You’ve already been to the national parks and Europe. You like to read articles about travel to exotic places. Now you’re looking to expand your horizons and hit some of the must-see destinations like the Pyramids, the Great Wall or Machu Picchu. Next you’ll be trying a different twist on the standard European vacation, perhaps venturing to Latvia or Romania. And instead of just visiting France or Spain, you could take a river cruise on the Loire or walk the Camino de Santiago.

Social butterfly. A book club simply isn’t enough. Perhaps you belong to three book clubs, or bridge or lunch clubs. You feel like a failure if you find yourself at home more than one or two nights a week. You like to dance, party and go to meetings. It doesn’t really matter the topic. You just like to have places to go and people to see.

Loafer. You’re a type B personality. You like to watch TV, are a voracious reader and could spend hours listening to music. You are at your happiest when wearing a t-shirt and slippers or padding around the house barefoot, feeling comfortable and content.

Dreamer. No matter where you are physically, your mind is somewhere else. Maybe you’re planning a vacation, researching the place where you’re going to retire or trying to decide on a political cause to get involved in. Your fantasy life is so active that there isn’t much time to actually carry out your plans. That’s OK. Your mind is occupied, you’re not spending too much money and you’re safe from the dangers of the world.

Artist. You carry a camera everyplace you go, and your walls are covered with photographs. They are big and small, color and black and white, pretty sunsets, stately architecture and sharp-angled abstracts. Or maybe you’re into knitting, crocheting, painting or woodwork. You might spend your weekend prowling around arts festivals, or maybe your work is featured on Etsy.

Athlete. Maybe you play in the over-50 softball league, go hunting with your buddies or play tennis at the club. Whatever the sport, it is what you live for. Then there’s the golfer who takes the game a little further than the casual player. Finally, there’s the fan. He’s got the hat, jersey, license plate and season tickets. He’s in a league of his own.

Worker. Some people never retire. They love their work. Sometimes their colleagues are their friends, while other people just don’t want to sit around at home. If forced to retire, you plan to find another job. You might spend your retirement years consulting, offering your services to a nonprofit or down in the basement working on a craft or home improvement project.

Stock market guru. You read Barron’s and the Wall Street Journal. You watch Bloomberg and CNBC. You know about alpha and beta, price-to-earnings ratios as well as all the trendy new products. Every evening you log onto a financial website and check the balance in your IRA or 401(k). Win or lose, you know you are on top of things.

Volunteer. You usually focus on one particular cause. Maybe it’s your church, where you volunteer on the auction committee, help out at the church rummage sale, sing in the choir and spend Sundays as a deacon. Or maybe you’re a volunteer fireman, or a member of the Lion’s Club or Kiwanis Club. You’re directing traffic at the July 4 th celebration, grilling hamburgers at the club picnic and serving dinners at the annual fundraiser. You enjoy helping out your community, and you know everyone in town.

Professional grandparent. She babysits the grandchildren two or three times a week. He has installed swings, play sets and ball fields in his backyard. You live down the street from your children. You see no greater joy in life than spending time with your family.

Tom Sightings blogs at Sightings at 60 .

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How to Tell If You Are Ready to Retire

10 Retirement Rites of Passage

10 Retirement Spots to Avoid

10 Popular Retirement Lifestyles originally appeared on usnews.com

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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