Why it could happen.
Thinking that you'll be able to work past 65 is the first delusion you need to drop. There is no guarantee that you'll be healthy enough or energetic enough to keep working. Sure if you get there and want to keep going, do so. But you should have the option provided by enough savings. Actually, you might want to have that option at 55 or 60 just in case things don't work out in your favor for whatever reason.
How to get there.
Save.
Pay off your home and make sure it isn't more than you need or can keep.
Pay off your vehicles.
Find a way to cover your medical costs. If you're a Veteran you have something in your favor but unfortunately, it's not as good as if you were on Medicaid and an undocumented person. If you worked for the Government you are probably all set since they have great benefits and early retirements compared to the private sector.
If you're self-employed then maybe you can just slow down.
The key component is savings above all.
Tuesday, December 31, 2019
Sunday, December 15, 2019
Tuesday, November 19, 2019
Over 65 - Americans at financial Risk
Americans over 65 face Financial Stress
No kidding here. It takes a lot to get by and that doesn't count medical care. On balance it's probably better to go back to the old ways and just live out your years in best way you can without counting on medical help to a great extent.
No kidding here. It takes a lot to get by and that doesn't count medical care. On balance it's probably better to go back to the old ways and just live out your years in best way you can without counting on medical help to a great extent.
Thursday, October 31, 2019
Retirement: If you rest, you rust?
Rest and Rust
The trick is to stay viable by doing things that keep you mentally and physically active.
The trick is to stay viable by doing things that keep you mentally and physically active.
Tuesday, October 22, 2019
Boomer Generation divided between haves and have nots
Boomers
Notice the key elements here are a retirement account and a home. These two things constitute most of the wealth of retirees. Your best bet is to at least get a home that you can easily afford and put away the rest in some form of retirement investments and savings.
Notice the key elements here are a retirement account and a home. These two things constitute most of the wealth of retirees. Your best bet is to at least get a home that you can easily afford and put away the rest in some form of retirement investments and savings.
Saturday, April 20, 2019
30 Best Cities for Retirement
Midwest Focus
It makes you wonder why. Is it cost. Quality of life. Or does it simply reflect the values that the midwest still has representing life before America changed. Research your future home and decide for yourself.
It makes you wonder why. Is it cost. Quality of life. Or does it simply reflect the values that the midwest still has representing life before America changed. Research your future home and decide for yourself.
Annuitize Social Security?
Nobel Laureate's Plan
This article spells it out perfectly. It probably won't work and will just give more benefits to those that don't need them.
This article spells it out perfectly. It probably won't work and will just give more benefits to those that don't need them.
Is Retirement Dead?
Retirement is Dead - Forbes
Having to continue working is the worst option. If you have a type of work that you love and can continue to do despite aging then you're doing it for meaning and having a purpose. That is why it may be best to secure your finances so that you can keep working at your own pace whether for pay or to volunteer.
Choose financial Independence
Having to continue working is the worst option. If you have a type of work that you love and can continue to do despite aging then you're doing it for meaning and having a purpose. That is why it may be best to secure your finances so that you can keep working at your own pace whether for pay or to volunteer.
Choose financial Independence
The Millennial Retirement Plan
Millennials - retirement - The lottery
It's still better than their preference for Socialism which whether they know it or not will guarantee more misery than all of the other foolish ideas combined.
It's still better than their preference for Socialism which whether they know it or not will guarantee more misery than all of the other foolish ideas combined.
Friday, March 29, 2019
Nothing Saved - Consider Austerity
Austerity Method
If you don't try austerity before retiring you may have to go with it once you retire. Either way, without the resources you'll have to cut back.
If you don't try austerity before retiring you may have to go with it once you retire. Either way, without the resources you'll have to cut back.
Monday, February 25, 2019
Health: The Longevity Solution
Rediscovering Centuries-old Solutions to a Healthy, Long Life
They still won't teach these ideas in school since it's heresy to disrupt the medical system as it now exists.
They still won't teach these ideas in school since it's heresy to disrupt the medical system as it now exists.
Saturday, February 23, 2019
Tuesday, February 12, 2019
Plan your retirement like a Battle Plan
Prussian Battle Plan - this sounds as simple as any other description as to what to expect.
Monday, February 4, 2019
Sunday, February 3, 2019
4 Stats about Retirement - Jaw Dropping?
Jaw Dropping Stats
It depends on how much you read as to whether these are jaw dropping. Most of this information is already out there for anyone that pays attention. That aside, it's important to know.
It depends on how much you read as to whether these are jaw dropping. Most of this information is already out there for anyone that pays attention. That aside, it's important to know.
Thursday, January 31, 2019
Sunday, January 27, 2019
American Retirement
Why Americans can't expect a comfortable retirement
It means that you shouldn't rely on promises. Save on your own. Pay off your home and other debt. Retire debt free and plan for medical expenses to be your biggest concern.
It means that you shouldn't rely on promises. Save on your own. Pay off your home and other debt. Retire debt free and plan for medical expenses to be your biggest concern.
Saturday, January 26, 2019
Lasting 23 Years in Retirement
23 Years in Retirement
Working longer seems to be the only real answer they have unless you put aside enough.
Working longer seems to be the only real answer they have unless you put aside enough.
No Retirement for Elderly Americans
No Retirement
The numbers are grim for the future. If you're retiring now then consider yourself lucky to be at the tail end of the gravy days of Social Security, Medicare, and a working economy. It may not be so nice in the future.
The numbers are grim for the future. If you're retiring now then consider yourself lucky to be at the tail end of the gravy days of Social Security, Medicare, and a working economy. It may not be so nice in the future.
Wednesday, January 23, 2019
Lyft Driver: 3 Surprises about Life in Retirement
3 Surprises about Life in Retirement
You learn that no matter how little you must do when retired that you always seem to run out of time to get things done. Part of it is that you are slowing down no matter what your perceptions are on that. Later, a day is comprised of getting one thing done beyond what needs to be done like eating, washing clothes, shopping for food, or taking a shower.
You learn that no matter how little you must do when retired that you always seem to run out of time to get things done. Part of it is that you are slowing down no matter what your perceptions are on that. Later, a day is comprised of getting one thing done beyond what needs to be done like eating, washing clothes, shopping for food, or taking a shower.
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