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Retiring Soon!

Thursday, December 10, 2009

I'm planning to retire within a year's time and wanted to know if anyone could suggest items are getting prepared, how they felt, what was the best thing they did and what things were they not prepared for?! I'm open to relocate; even get a new job. I have nothing keeping me here so I do have more options than some. I'm checking web sites, reading books, looking at job sites, etc but I want to hear from my Sparks family. Thanx emoticon
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    I picked a spot where I had a friend and where jobs were plentiful.
    4207 days ago
  • CD3857732
    Hi - I've been preparing for retiring as follows (not all of these are of equal value to you, but they amuse me)...

    1) I figured out what my annuity (etc). will be. (Usually scary the first time you do that).

    2) As I'm on my own, what I decided to do is to make a game of getting to the point where I'm living on what I will be living on next year. (That's a 40% cut for me.) To the extent possible, the "40%" as I started saving it started going to retirement accounts, CDs, or whatever.

    Several teams here on SP have some great ideas about how to do that. My latest big change for example was replacing my (very good) $57/month national cell phone account with a $100/year Tracfone for emergencies.

    While that does require a change of behaviors, I get all the pluses of having an emergency phone and drop my expense nearly $800 a year. And with my national phone plan at home backed up by a free Skype phone on my computer... I'm way covered.

    The other biggie was finally budgeting, but I make a game of that, too. Last month by making very careful decisions I saved $500 - and I have a $300 bill for groceries and vet bills. So... as long as I make it a game, it's not too tedious.|

    3) My biggest plan is to trade my skills and time for volunteer vacations, and I've installed a greenhouse at my place (I think that I'll see about turning my ordinary house lot into a hobby farm). And there's always birding, folk dancing, and playing with the horses and the cat!

    So... briefly - I'd see if I could get comfy on my retirement income before I have to (by the way - I have); make a game of doing that; and think about what I want to do and how I'll be doing it - very soon. Hope it helps.
    4208 days ago

    Comment edited on: 12/10/2009 5:30:09 PM
    I retired 2 years ago and it was one of the best decisions I ever made!
    Enjoy yourself doing what you want to do on your own schedule. Explore those things you've always thought about doing, but never had time for.
    Take your time and find the "lifestyle" that best fits you - don't let anyone pressure you into doing things "now that you're retired and have nothing to do." That's a joke... I do more now that I've retired.
    Stay positive.
    4208 days ago
    I have been retired for several years. Seem to be busier than when I was working. Stay close to family if you have some but not so close as to be taken advantage of.
    4208 days ago
    Do you have family that you would like to be near when you retire? Grown children? For me that would make a difference. What an exciting adventure. I like that you are planning for the best possible outcome a year in advance. emoticon
    4208 days ago
    I dont have any advice for you as I have years to go but congrats on getting ready to retire. Move to Florida soak up the sun, enjoy life!
    4208 days ago
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