Countdown: Five Years to Retirement

Category: Retirement Planning

July 10, 2018 — Think of your retirement as if it were a rocket poised for liftoff at Cape Canaveral. You, flight safety, are going through an elaborate countdown, ticking off countless items from exhaustive checklists. Only when everything is lined up properly is permission granted for your retirement launch!

In this piece we’ll go through a five year countdown to retirement, an excellent idea developed in a NY Times feature last week by retirement expert Peter Finch. Without first looking at what he proposed, we took our own crack at this countdown idea… and look forward to comparing notes (a link to his article is at bottom).

Five, four, three, two, one – retirement blastoff!
Although we have tried to concentrate each year on one major task, that doesn’t mean you should not be thinking about other planning aspects. This is a suggested timetable – you don’t have to be rigid about which planning area gets emphasized each year – but these are the important areas to consider. What is important is to tackle all the key planning bases with the remaining time you have before “blastoff”. Think where you live now is the best place for you to retire, and don’t need to bother? Going through this planning process helps guarantee that as a mindful decision, rather than planning by just letting things happen.

Five years out – Finances rule
Your most important task this year is prepare a financial balance sheet that shows what your expected income will be compared to your retirement expenses. By taking a serious (more…)

Posted by Admin on July 9th, 2018

Take Our Newest Poll – What Factors Affect Where You Will Retire?

Category: Retirement Planning

July 9, 2018 — We think one of the most interesting questions about retirement is where people decide to retire – and why. In this short poll we list a number of potential reasons why someone might prefer one area to another, and ask you to rank them in order of how important they are to you. Plus we added a question on how important the political atmosphere of an area is to your retirement decision, just to see what might come back. We will use the anonymous data from the survey as the basis of an article published in the next few weeks – should be interesting!

TAKE THE POLL!

PS – If you have suggestions about this poll or other questions to add, please use the Comments section below.

Posted by Admin on July 8th, 2018