4. Don’t let loneliness get into your life
Retirement is not the end of the world, for sure, but can be socially isolating. Especially if we’re talking about the last two years! The pandemic was a stressful period of time for everybody, especially for retirees that couldn’t go visit their families anymore. According to some statistics, 45% of Americans older than 65 are separated, widowed, or divorced.
If you are one of them, please don’t make the mistake of isolating yourself. You can build up a social network where you can actually talk actively with other people your age. Involve in different activities that can make your life fun, and if you don’t like socializing that much, you can always adopt a pet. They are adorable lifetime friends.
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!