Re: WHAT TO DO AFTER RETIREMENT $$$

Posted by CheeseHead Fred on July 01, 2018 at 16:49:14 from (68.114.230.85):

In Reply to: WHAT TO DO AFTER RETIREMENT $$$ posted by pburchett on July 01, 2018 at 12:03:19:

Before you get locked into a retirement date, or make any big, permanent changes, here are a few things to consider:

Look into where you want to retire. If there is someplace your better half thinks she wants to be, vacation there for a week and see if you both still think a move would be a good idea. What are the job
prospects there for you? What kind of money would you need to make the move? Keep in mind that you could time the move to the best fit for each of your retirement plans.

Become an expert on healthcare costs. Know the availability of excellent care facilities, both at your present location, and anywhere you are thinking about moving. If one of you needs a knee or a hip, you
will need $, insurance, and skilled care to do the job right. Ask you life insurance provider how long you can both be expected to live, and make your plans past the average dates.

Before you jump into a career change, talk to several people who are already doing the work that you think you would like. Ask how long they think it will take you to get established in the business,
especially if it is something that involves self employment (like Real Estate) Find out what the average income is, both in your current area, and any where you are thinking about moving. Consider your
current work - would a move to another state improve your circumstances if you were doing the same or similar work in a different location.

Last, and sometimes most important, how close are your family ties? Would a big move away from family and friends be something you both would find acceptable?

This list seems like a lot of work, and it is. You and your spouse are the only ones who can make these decisions. The last thing you want to do is quit before you have some good, solid opportunities. The
other last thing you want to do is to move a long distance, and regret it shortly after the move. Good Luck, and may God bless you in your choices!

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