Surviving Retirement With a Little Planning Ahead and Humor
A Couple...of Suggestions
Where does the time go?
Folks who retire have had all the prior years to decide what they will be doing when they retire.
Most plan those activities as poorly as how they will pay for their retirement.
The days of employer pensions are disappearing in the rear view mirror.
There are several options for the retirement years:
A. Don't retire until you can't find work to do.
B. Have retirement as a lifetime goal,and save for the retirement you want.
C. Somehow make do with what you saved, and cut back on the monthly budget.
D. Throw caution to the wind and hope you die shortly before or after you retire.
Let's ignore that last one. Homelessness could happen, and does, but it should not be a lifetime goal..
Let's also presume that the world doesn't end in our lifetime. If it did, any planning would count for very little.
What remains are three options over which we have some control, however far from total control.
Not retiring requires that we stay relatively healthy and develop some marketable skills we can still perform as we continue to age.
Saving for a planned retirement is a traditional goal and presumes we stay mobile and reasonably healthy while putting away a planned amount of savings for those years that stretch on to the horizon.
Cutting the monthly budget following retirement is likely in any case. Olfder workers, regardless of their skills, have a track record of lowered income and radically lowered expectations.
Here are some retirement strategies which have worked well for other retirees. Take your choice, and devote your efforts to making your choice work.
1. Each time you have a raise the added net income goes into your retirement account. After all, you lived on the pre-raise income and presumably you still can.
2. Make a strategic partnership whereby your partner is your security for your retirement, i. e. marry rich or marry a younger partner who keeps on working to finance your retirement style as long as you can get away with doing so.
3. Raise a gaggle of intelligent children who love you and love the work that they do; children who would like nothing better than to welcome you into their lives with open arms. Some babysitting and chores should be expected, and plan to have your own transportation for when "togetherness" grows thin and it is time for another child's turn.
4. Take a survival course, and plan to "live off the land."
5. Plan to live in a foreign land where everyone is willing to pay to learn your native language.
6. Plan to move to a farm and self-provide, remembering that some health, strength, and true grit will be required.
7. Learn to fish and hunt, and become a professional guide with off seasons spent back in civilization.
8. Become a talent scout providing talent for athletic teams. Eyesight and communications skills are required along with a good sense of judging character and potential. Recruiters and talent scouts are valued in many fields, so take your choice of fields.
9. Learn to convey humor that sells as you journey life's path. Each day and each stage of life has a practically inexhaustible supply, life being as silly as it is.
10. Become an appraiser by developing a hobby you pursue later in life as an expert in a field you find enjoyable.
11. Develop marketable skills in any field that truly interests you, from photography to puzzles, satire to politics (not a big leap), cooking to design.
All of that aside, the old saying still applies "Failing to plan is planning to fail."
No one of us needs a crystal ball to look ahead. If we had one, our future would be secure. Fortune tellers, of any good reputation, would know their future and plan ahead.
We mere mortals can only plan, and hope our plan is a good one, good enough to make life worth living all the way to something better---or at least as good as we can make it while we are still here.
What is your spending/savings plan?
© 2017 Demas W. Jasper All rights reserved.