Saturday, November 12, 2016

Retirement Decisions Begin with Money and Health

Dear Friends,

How are you? Are you feeling okay?

I'm finally seeing the end of a series of viruses and will likely have a cough for a while. I don't bounce back like I used to but I'm a pretty healthy person and grateful for it.

It's About Money

When I started thinking more about retirement, I found so many links to articles about finances and calculators that my head was swimming. You only need a couple of those sites, a calculator, and a budget to figure out where you stand with retirement readiness. Our Finances page has a series of great links for you.

Knowing how much you will have to live on with help you decide if you need to work longer or if you're ready to retire. For me, there are some unknowns to explore. For example, I haven't yet explored all of the options in Medicare and supplemental insurance and whatever I learn about current options will have to be adjusted for possible rate hikes over the years. Math is not my forte (glad we got that out of the way) but there are websites to help with this. Having a budget is important, and Kiplinger has a good budget worksheet. Think of your budget in the same way you would think of building a house: it's your foundation and you can only build once you know the quality and strength of that foundation.

It's About Health

How's your health? Are you generally healthy and active? Do you have a chronic illness? Do you go to an annual physical? Do you have a good doctor who can be a "traffic cop" as you may need to see different specialists?

My fantasy death is that I live to an old age as an fairly healthy person and die suddenly and painlessly in my sleep - but I'm not counting on it. Many of my friends have various aliments and sometimes we have that stereotypical senior talk about what's going on with our health. Weird or unfortunate things happen to our bodies as we age.

Our Health and Safety page has a list of resources for you. All of them are reliable and I never post any link with "miracle cures" or a vitamin that makes your skin like a baby's and restores you to your healthiest point in life.

Understanding your finances and your health will help you make decisions about how you want to enjoy your retirement years. Maybe you'll age in place, maybe you'll go to an active living community, maybe you'll head for assisted living. Knowing where you stand now and planning for possibilities can take a lot of stress out of your life and relieve your family members.

If you have some comments, you are welcome to share. If it looks like spam or advertising, I will delete so it's pleasant for everyone.

Take care,


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