5. You’re at a loss for what to do with your spare time
This can be tricky and, for sure, is one of the most common issues. After working more than 20 years of your life, retirement comes as a relief, but what if you realize you have too much time on your hands and you don’t know how to fill it? Have you ever thought about this?
6. Wanting a part-time job
The big mistake you can make is that you will take a part-time job in order to fill the gaps or just because you miss the old job and you feel the need to do something productive. You need to understand that you can’t work indefinitely. According to recent studies, 53% of workers in the USA expect to work beyond the age of 65 to make ends meet.
You must know that when we reach a certain age, we won’t be as bright as we used to be. You will most likely fail to keep up with the deadlines. You may find it difficult to focus, and this is why most older workers can struggle to get hired. Enjoy the time you have without worrying about getting a job!
Stop worrying and pull the plug to the employer. We retired at 59 with zero plans. Got lucky sold our home and was able to purchase another cash. You have to eliminate all debt including housing.
This is just trying to promote CA. CA is not a good place to live if you work. San Francisco is passing a reparations bill. If you have income, you will be paying people of color $5 million each because “they are oppressed”. A lot of working people will be leaving CA because they do not agree that anyone in the USA deserves a free ride.
Hopefully there will be a lot more help for retirees due to the rising cost of EVERYTHING. People that have worked ALL of their life and paid taxes deserve a bit more.
This world is controlled and guided by MONEY so if you don’t have any get ready to suffer in more ways than one.
Hurrah!! for all of the past workers of this dying country. In God I trust…..
Good Basic overview of retirement issues. While everyone wants to retire early, money and healthcare are the two biggest items that everyone should spend time analyzing before pulling the work plug. After 5 years of retirement, I still maintain a budget that is reviewed periodically to see how well we are doing. As for healthcare the biggest challenge is finding a supplemental plan that will meet your needs and is affordable.
Most of your info was helpful, but believing you should retire in California is definitely a Big NO! Everything in California cost triple the amount you pay in most all of the other states. They have ran out of water, traffic is atrocious in most areas, now they are having Blackouts! Please do not encourage anyone to move to California!