The Biggest Surprises in Retirement
We asked readers to tell us about the things they didn’t anticipate when they stopped working. They had plenty to say.
Read the article at the link above.
One of the best things I ever did was have a lunch with a successfully retired guy. He had a good job in engineering with some big companies (not tech) and was living a good life and doing fun things as a retired guy. I had lunch with him and told him I wanted to know what he did. How he did it. What advice he would have for a 40 something guy like me.
What I learned wasn't that different from what I had read. Stay out of debt. Be frugal. Invest. Live well below your means but don't do nothing. Don't deny yourself everything. Have fun. Health will be a bigger expense than you think. Don't work so late in life that health issues prevent you from enjoying the plans you have made.
His insight to my career path as a radio DJ was correct that income for me was a bell curve and I had had a good run but the backside of the bell was my future.
I really credit him and that lunch with confirming things I was doing and giving me things to think about.
There are books to read like "Stop Acting Rich: ...and Start Living Like A Real Millionaire" that cover some of these ideas.
A book like "A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing" can help get you an idea of a simple way to start investing with lots of information for the regular Joe and Josephine.
No comments:
Post a Comment