It's been more than a year since I posted about where we are in planning for retirement. I thought it would take another 3, 4, or 5 years. Not anymore. We have worked hard over the past 15 months, spending wisely and saving the difference to be able to retire earlier. In fact, we could… Continue reading So, when WILL we be able to retire??
It's no secret that it's a huge mess out there. This health crisis has caused so much loss, both in life and security. My heart breaks for all those who have lost loved ones. We lost a very good friend, not from Coronavirus, but from not going to the hospital when an emergency surgery was… Continue reading Playing the ‘what if’ game if we lost our income.
Preparing for an 'earlier' retirement requires making sure our money lasts. Having various 'buckets' of resources is how we won't lose our minds when the stock market takes a bit of a tumble. Before I begin, if you are worried about your money in the stockmarket, please watch this video. You'll feel MUCH better. https://www.youtube.com/watch?v=OgVqE3peiHo… Continue reading The Stock Market Ups & Downs and My 5 Bucket Sources for Retirement.
Procrastination. It can be a true enemy to your financial life. I procrastinated for many years by not looking at my fixed costs more closely. Fixed are fixed, right? Wrong. And it cost me. Big. $3,240 to be exact. I've been on a kick to save as much money as possible, as my desire to… Continue reading Seriously. What took me so long?
Expenses. This is probably one of the most important of all the areas of preparedness for retirement. Without knowing how much you will need in retirement makes saving goals for retirement a guessing game. I have been preparing my budget now, and will be living off of our potential retirement income over the next four… Continue reading Series: Retirement Preparation. The retirement budget.