This is a membership Morsel from “Too Young to Retire”. Today, we are continuing to
talk about Money and if you will have enough.
Why?
Today the average person will live to their mid 80’s and it is expected to go keep rising. That’s 25 or 30 years after you would officially retire. Most pensions are fixed and your social security by designed will raise about 2% slower than inflation.
If we hit a period of rapidly raising prices, you will quickly find that you are living on less and less each month. If you haven’t kept yourself active in the labor market, you will quickly find that changes have occurred since you were last in it.
You will realize that you no longer visit employers with a paper resume. All most all the applications are online and that you may have a battery of tests to take using your computer. Almost all the initial processes are automated and impersonalized.
You will quickly realize that while you maybe too young to retire, as far as employers are concerned you may be too old to hire! That is a hard perception to change after you have left the labor force.
All people thinking of retiring should consider to start preparing for retirement 10 years before they plan to, and to have a plan A and plan B. Think what you can do to create income after you retire.
Many people never work after they retired and they do great. There are others who struggle with meeting basic expenses. Some who don’t need money keep working, both full and part time.
As one person told me, he liked the extra income for trips to Florida and elsewhere, plus he kept out of the miss’s hair during the day. If you look at most people who are fully retired, and enjoying life, they have several sources of income.
They will have Social Security, a pension, probably rental income, they will do consulting on the side, or they will do side jobs for other people for money. They don’t sit home just waiting for a check from the government to show up.
This also has health benefits because it keeps you active and your mind sharp. Prepare your resume and flush it out with all the stuff that you've done that makes you overqualified. Keep your skills up to date and keep working your contacts.
Take an active part in planning on how your retirement is going to look. Recognize that the 1930 view of sitting at home on the couch is bad for your health.
By being part of the 2 Young 2 Retire you will learn what these strategies are.
There are so many things you will learn that you should never run out of options. Sign up for our classes, join in the discussion and become part of our community about life after working at www.patterson2y2r.com
Your feedback is very important to us so if you would like to contact us with a question or comment.
Support us on Patreon
The mailbox associated with this email address is patterson.2y2r@gmail.com .
If you no longer wish to receive A Life Well Lived please email us at patterson.2y2r@gmail.com
Comentarios