After we became ‘eligible’ for AARP, our focus has shifted a bit from the “Get Outta Debt” theme we’d been living under for the last four years. As anyone who has successfully made that “Outta Debt” goal can tell you, we shift to “Stay Outta Debt”. The good news there, is that you’ve already done the hard part. Paying down bills, creating a Spending Plan and looking to save money can all be carried forward to your new theme of staying Debt Free.
In the “AARP Eligible World”, we have the added theme of getting ready for retirement.
There are plenty of days where I feel like I’m ready to retire, or at least not work, but those are merely transitional thoughts reflecting how good (or bad) my day is going. Fortunately, those days are few and far between. But for this planning, we have both the financial aspects for retirement as well as the ‘What are we going to do with ourselves?’ question. There are a number different approaches that should be considered, including:
- Determine your ‘Magic Number’ for retirement nest egg
- Preparing to live on a lower income
- Attaining a ‘Retirement Job’
- Preparing to NOT have 8 hrs (or 10 or 12) hours a day devoted to your ‘Job’
Over the next few days, I’ll be writing more about these topics. Please check back in, or subscribe to the RSS Feed (under ‘Subscribe Here’).
What about you? What items concern you about your retirement? What would you like to know more about?