Retirement
withdrawal from one's occupation, business,
or office. A place of privacy or relaxation
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When are you ready to retire? If you're like most people, your quick answer is "when I've got enough money to last". But behind this reflexive response is very often some revealing information that influences and shapes our expectations of what our retirement will be like. Gone are the images of sitting in a rocking chair with a glass of cold lemande while family and friends laugh and play in the background. If you believe what most surveys say about today's 45- to 65-year-old crowd, the rocking chair will be traded in for a surfboard and the family and friends will have to find their own way to happy days.
We think we’ve identified three critical factors that determine how successfully an individual will withstand the effects of a wealth hazard that they've encountered. Many people will find this approach useful in their attempt to deal with these difficult times. The three factors are how to Avoid, Manage, and Recover from the effects of a wealth hazard.
Please explore our website and our new book and contact us via Ask a Question if you have any comments, questions or concerns.
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· Not estimating accurately how much money you need to retire with
· Trying to play "catch-up"
· Retiring too early
· Retiring for the wrong reasons
· Under-estimating healthcare costs in retirement
· "Working" while you're retire
· Not collecting all of your Social Security benefits
· Out-living your nest egg
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