Tag Archives: retiree

Saying Goodbye to Your #Career … #retire #retirement #retireinspired

Metro Center thefiftyplusnetwork business businesstips career careertips careeradvice over50 50plus

When I left my job for the last time, I drove away with a tear in my eye. I played a sad song on the CD player, drove down the street, and prayed that I made the right decision. My mind still wanted to work, but my body was tired. Job stress was affecting my health. When I was younger, I could ignore or shake off the stress. In my mid 50s, I started feeling the effects of stress. I had to make a choice between the nice paychecks and my health/life. I had worked so long and hard to establish my career, and advance through the corporate ranks. I didn’t want to give it up, but I had to. I did not want to push the limits, and end up on a gurney in an emergency vehicle heading to the hospital! I wanted to walk away on my own terms with my head held high.

It has been one year since I retired. I don’t regret my decision at all. During the past year, my focus has been my health. Every single day, I focus on getting enough rest, eating right, drinking lots of water, exercising at least 30 minutes per day. I try my best to stay calm, but I have had some challenges. My husband and I retired at the same time, so we are both in the house at the same time (smiles). It is a huge adjustment. We talk alot so we can work though the logistics, misunderstandings … The one thing I miss about the workplace is the social interaction. I miss some of my co-workers, so I try to stay in touch via email, and having lunch every now and then. For a delightful book on getting older and better, click Over 60 and Picking Up Speed: A Spring Chicken Tells How Not To Make A Career Out of Growing Older. For more on mid-life career changes, click Mid-Life Career Rescue Series Box Set (Books 1-3):The Call For Change, What Makes You Happy, Employ Yourself: How to change careers, confidently leave … you hate, and start living a life you love,.

Do you have any tips for living a successful retirement? If so, share your tips by joining us at thefiftyplusnetwork.com!

  1. Like us on Facebook
  2. Follow us on Twitter
  3. Follow us on Google+
  4. Subscribe to our YouTube channel
  5. Pin us on Pinterest
  6. Follow us on Instagram


Instagram

#Retirement Planner Recommends 2-3 Yrs of Living Expenses for #Retirees!

Retirement Planning Seminar how to retire when to retire how to save for retirement retirement plan retirement planning retirement planner retirement finances

We got up at 5:30 am on Saturday morning to attend a retirement planning seminar. The most important advice imparted by the speaker was the following: Retirees should have 2 – 3 years worth of living expenses stashed away for emergencies! Why? The reason is that it takes 3 years (on average) to recover from a bear market. What is a bear market? Think back to the Autumn of 2008, when the stock market dropped 50% over a 6 month period of time from September 29, 2008 to March 5, 2009. That was the beginning of the bear market. The speaker said that it usually takes about 3 years for the economy to recover from a bear market. Therefore, it is crucial to retirees’ survival to have 2 – 3 years of living expenses to pay bills, and stay afloat. If a retiree has to spend down their retirement accounts to pay bills, they may have to sell stocks or mutual funds at depressed prices. In farmer parlance, that is called “eating your seed corn.”

Where To Stash Emergency Fund?

When saving for the emergency fund, the speaker advised safe bank accounts insured by the FDIC. Brick and mortar banks pay less interest than online banks, but pre-retirees and retirees are most likely more comfortable with brick and mortar banks. It is reassuring to know we can reach our brick and mortar bank in a few minutes, and access our funds. To learn more about bull and bear stock markets, click Stock Market 101: From Bull and Bear Markets to Dividends, Shares, and Margins―Your Essential Guide to the Stock Market (Adams 101).

If you are over 50 and have discovered a retirement planning tip, please share your tip by joining us at The Fifty Plus Network:

  1. Like us on Facebook
  2. Follow us on Twitter
  3. Follow us on Google+
  4. Subscribe to our YouTube channel
  5. Pin us on Pinterest
  6. Follow us on Instagram


Instagram