Countdown to Retirement by Decade!
Category: Financial and taxes in retirement
September 12, 2023 — Even if you are in your 30’s you have probably started the countdown to retirement. Probably with a mix of dread (will I be ready?) and anticipation (can’t wait to be free!). No matter what your current age, we’ve set up a retirement countdown in 10 year periods to help with that. The idea is that by doing the preparation in stages you will be building a solid base, one that will result in an effortless blast off when that retirement finally comes. In our experience the happiest retirees are the ones who planned for it.
R (Retirement) Minus 30.
With 30 or more years before retirement you are lucky to
Comments on "Countdown to Retirement by Decade!"
Admin says:
Retirement is very much on the minds of a lot of people. This weekend the NY Times had an entire special section on Senior Living, with articles about living alone, keeping the house, moving near the kids, installing an elevator, and the experiences of a younger retiree who moves into Sun City. https://www.nytimes.com/2023/11/03/realestate/early-retirement-community-florida.html?unlocked_article_code=1.8Ew.BbYJ.f5o3BiipBrrp&smid=url-share and https://www.nytimes.com/2023/11/01/realestate/senior-living-retirement-community-home.html?unlocked_article_code=1.8Ew.v-Pc.yLVnLzM2zwo5&smid=url-share
Jennifer says:
My big concern regarding retirement was an article in the Washington Post on Sunday, November 5 about a man who lived alone in Florida, (he had relatives in Pennsylvania) and had a stroke at a gas station. When his relatives could not be located by the hospital, they had a court appoint a guardian who then proceeded to sell the mans home and take control of his assets and bank accounts! The guardian then proceeded to pay themselves $65.00 an hour for their services and the man was placed in a nursing home against his will. His family could not locate him and it took a niece a long time to find out where her uncle was. His home was sold during this time and she has no idea how much money is still in his accounts. It is a nightmare. The court appointed guardian apparently did not check the patients cell phone for number of his relatives, nor did she pay any attention to greeting cards and packages sent to the man by family members. This is a nightmare and another woman in a similar situation said that she had to pay the court over $100,000 to gain control of her relative's estate from the court appointed guardian. She was never contacted by the courts. Every state has laws to protect against elder abuse and some are more lax than others. Please be aware this could happen to anyone who lives alone and they should make anyone they can aware of family members. I have a single Aunt in Florida and I would be outraged if she were even mistreated in such a way. Florida and Georgia are very lax by the way according to a google search that I did after I read the article. Single elders are most prone to this type of abuse.
JoannC says:
Jennifer - I saw that article as well - it was terrifying to think that could happen though there have been other articles and even a movie about abusive guardians. I just checkled my state - California - and found one article that said it was in the bottom three. Hmmm - maybe I should move while I still have my wits about me.