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Yesterday is history, tomorrow is a mystery, today is the present, a gift. — Alice Morse Earle
How to Retire in 5 Easy Steps–Seriously!!
Retirement is a big step in your life. I know, I just announced my retirement. I always thought it would be the easiest decision in the world to make, but it’s not. Guilt sets in. How can life be suddenly uncomplicated when you’ve been racing like a maniac all your life? It sounded too good to be true.
Here are my five easy steps to retiring:
Step #1 – Don’t feel guilty. Society makes us feel like you should always work if you are physically and mentally able. I say no. If you’ve worked all of your life, you deserve to retire. You never know what tomorrow brings and the more money you make the more money you spend is true.
Step #2 – Decide on your retirement date about one year in advance and stick to it. I thought about retiring when the weather was warm and beautiful. Then winter came and I didn’t think I wanted to retire, but when the weather got warm again I knew it was the right choice. Don’t second guess yourself.
Step #3 – Don’t worry about money. If you listen to financial investors, you can’t retire until you’re a multi-millionaire and it’s depressing. If you’re used to a millionaire’s lifestyle, then I guess you should have millions when you retire. Having “enough” to retire varies with everyone.
Step #4 – Meet with a financial advisor about your retirement income. If you are going to be 62, make an appointment a year in advance so you know what you are getting from Social Security. If you are able to draw a pension, meet a year in advance with your pension company, too.
Step #5 – Finally, get mentally prepared. Make a bucket list of all the things you always wanted to do but never had the time. At first it is hard to let yourself think so freely, but once you start you realize how much you want to do with your added time. I was surprised at all the little, inexpensive things on my list, like reading books and learning to crochet.
I hope this information gives you the confidence to retire and enjoy the best part of your life. Remember that being retired is a huge benefit in itself and outweighs some things you might have to forfeit when you retire.