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I have the feeling I'm getting to the end of my rope with my job. Money isn't too much the problem with walking away, but I want to think it through and do some planning. (And sometimes, even the planning can make what I do more tolerable for the time being).
What are some things (good and bad) about your retirement that you didn't consider -- what is it you wished someone would have told you before you retired?
I have the feeling I'm getting to the end of my rope with my job. Money isn't too much the problem with walking away, but I want to think it through and do some planning. (And sometimes, even the planning can make what I do more tolerable for the time being).
What are some things (good and bad) about your retirement that you didn't consider -- what is it you wished someone would have told you before you retired?
Medical Insurance
Nursing Home Insurance
Assets Protection: Transferring assets to children and heirs (assets protection for Medicare planning)
It is not what you are retiring from...it is what you are retiring to.
Bingo!
One of the joys of retirement, we found, is that while your income may go down on the surface, so do your costs. No more Social Security and Medicare deductions. Your taxes may be reduced. If you're a union member, no more dues. Commuting, parking, etc. evaporate. Clothing becomes simplified and cheaper. Employee "participation" - lunches, office parties, showers and the like are over with. That's the good news and it can be significant.
Of concern for many is health care. Do you have benefits that will follow you into retirement? On the other hand, are you old enough to be eligible for Medicare? If so, a good supplement is far cheaper that major medical coverage. How about dental and vision care?
I have not encountered any big surprises. If you can afford it then retire as soon as feasible. Plan in advance activities you want to do. When you retire begin those activities immediately.
Would you be planning to stay in California or move somewhere more affordable for retirees. I moved back and forth several times trying to answer that one
I've been retired for eight months, and there have been no surprises about retirement life. Of course, I've been planning to retire since I started working in 1964
Seriously though; approx 5 years before retiring, I adjusted my budget to reflect the s/s I'd be receiving and I did that to avoid the shock of no more weekly paychecks. I'm not one who is a shopper/clothes horse/materialistic anyway, so it wasn't hard to cut back on spending. By the time I retired, I was very comfortable with having less income.
There are some who have concerns about 'what to do' after they retire. That issue has never been an issue for me. I don't 'have' to be 'doing' anything to be content. I 'do' what I feel like doing, and when I feel like doing something.
I looked forward to retirement and anticipated the freedom; I wasn't aware until it happened just how wonderful it is to no longer have my job dictate my life: when to get up, what to wear to work, stuck in an office all day, 'having a life' just two days a week,
I did n't not have any real shocks i retiring. I think as long as you have the fiances figured out ;its much like everyday being a weekend really. Some nice surprises where ,that it cost more than I realised to work;that something like grocery shoping become kind of plaesant once your not fitting them into a tight schedule especaily if both worked. Bascailly that life becomes much more pleasnt because you have more control of what you do and when. When frends call and say we are goig here;want to go;you don't have to say ;I can't ;I need to get whatever done;you just reschedule it for the next day or so.
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