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Top 10 Ways to Think Outside the Retirement Box
Are you willing to look beneath the surface of the external aspects of your retirement (how much money will you have, where will you live, etc.) and fully explore your dreams and desires? If so, you'll discover the many wonderful opportunities and options that are open to you, and embark on the most extraordinary journey of your life.
Here are ten tips to get you started thinking outside the old retirement box:
1. Don't let someone else's definition of retirement define retirement for you. You can start by casting off the outdated belief that retirement is a permanent rest stop.
2. Put yourself squarely in the driver's seat. You decide when and how you retire, and who you will be.
3. Turn the old retirement model on its head. Plan the life you want to be living. Then, figure out how much money you'll need to live it.
4. Answer the question: "What's enough"? You may find you need a lot less than you think and can retire sooner.
5. Don't put off retirement because others (aging/ailing parents, adult children) are dependent on you. Keeping your life on hold supports no one.
6. Write a personal mission statement that expresses who you are, what you'd like to do, and where
Updated :
Question: Looking into the future of the American economy, I see tons of debt, the yoke of increasing social spending, pork-fed bureaucratic waste, the exporting of jobs and the importing of poverty. While this may paint a negative picture, I feel it's reality. We all want to be patriotic, but aren't there more fiscally responsible places to invest in that may offer a better landscape? --Dave, Bethlehem, Penn.
Publ.Date : Wed, 01 Sep 2010 14:08:11 EDT
Question: I've been trying to be a little more thrifty lately. I realize that a lot of the luxuries Americans have are "wants" not "needs." Basically, I'd like to balance my household budget so I don't end up with just $30 at the end of the month. I'd even like to start building some savings. Any suggestions? --Kim, Idaho Falls, Idaho
Publ.Date : Thu, 12 Aug 2010 10:35:31 EDT
Question: I'm within five years of retirement and currently have about 35% of my investments in bond funds. With rising interest rates a likely scenario, how do I stay diversified without exposing myself to a "bond bubble"? -- John Clay, East Helena, Montana
Publ.Date : Thu, 19 Aug 2010 11:11:36 EDT
Caring for an ailing or aging parent is never easy, but the challenges only multiply when Mom and Dad live far away.
Publ.Date : Thu, 02 Sep 2010 06:12:04 EDT
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you'd like to go.
7. Ignite your personal mission statement into action, and pursue your goals with gusto.
8. Think of retirement as your next career stage. Write that book, start a business, or...you fill in the blank.
9. Come up with creative ways to combine living your passion with generating income. Think in terms of both active and passive revenue streams.
10. Change your approach, shift your thinking, and get a fresh perspective. The future you dream of will never be yours as long as you're stuck in old ways of being.
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