The typical retirement plan looks like this: work for 30+ years until you turn 65, then retired and collect a pension, social security check, or live off your savings. You now don’t do anything that resembles work, but rather live a life of leisure and relax and enjoy the golden years.
But that’s changed. The baby boomer generation is beginning to turn 65 and are not prepared to retire. Policy researchers annually release reports showing how unprepared people are for retirement. Savings are almost nonexistent, with the majority having less than $25,000 in the bank. Poor investing choices by trying to pick growth stocks or high fee funds have eaten away at returns for years.
Article after article is printed but many still don’t know if they can make it, or more importantly, what to do about it. As a result, the common notion of retirement is not realistic for most Americans. It’s time to Rethink what it means to be Retired.
Over the coming year, I plan to simplify each of the several major parts of getting retired, and help you figure out how to apply them to your unique situation.
Here’s what we hope to cover on this blog
How much money do I need to retire? We’ll help you figure out the amount you need and which accounts can help you get there.
If you’re like most Americans, you might be too far behind to get caught up in time to retire at 65 in this country. We’ll discuss part-time job opportunities that won’t feel like work, and other creative ideas like retiring in a more affordable part of the world.
You also need to be smart about how your investments can begin a snowball of growth in your accounts to help put your savings to work for you. We cover the dividend growth strategy and how to invest in index funds.
Money is important, but it’s also the goal of this blog to help you plan a lifestyle that will allow you to enjoy yourself in the coming years that you have worked all your life for. We will create fun resources of retirement quotes and ideas that you can inspire you to do more with your time.
So I hope you stick around and follow as I build a resource that will be helpful to your retirement situation. The best way to do that is to sign up to our email list below and get our latest post sent to your inbox. You can also check out our profiles on Facebook and Twitter.