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Reporting on Your Retirement
Today’s post (link below) appeared in the Humble Dollar blog on August 4th, 2022: https://humbledollar.com/2022/08/ask-around/
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It’s Not ‘What You Know…’
And, no, it’s not necessarily who you know either. Don’t get me wrong, both are important! If you don’t have the requisite ideas, skills, and experience – what you know – you probably won’t get too far. You also must have a strong network – who you know – that you can contact for a variety of reasons. These people…
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Phased Retirement: Simple Questions?
The whole notion of retirement should be simple. You work for many years, you live your life and hopefully save some money along the way. Then you choose a time to step away from full-time work using your savings and retirement benefits (like Social Security) for living expenses. It seems like there could be a formula that tells you when…
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Phased Retirement: A Failure to Communicate
The Irish playwright George Bernard Shaw famously said, “The single biggest problem with communication is the illusion that it has taken place.” We tend to think we’re pretty good communicators, definitely above average. But most of us have had someone tell us, “You weren’t clear about that…” Or perhaps, “I can’t read your mind!” So, while we think we’ve been…
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Phased Retirement: Withdrawal Symptoms
Withdrawal symptoms are more often associated with the aftereffects of quitting smoking or after a long period of substance abuse. But more generally withdrawal symptoms can occur after any period of prolonged dependence. And if you’ve been depending on your career for many decades – for your financial support, your social outlet, and providing you with a day-to-day purpose –…
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Best Ever Mid-Year Resolutions
This summer I’m reading The Bridge of San Luis Rey, by Thornton Wilder. One endorsement touts the book as “…a towering achievement in American fiction and a novel read throughout the world!” So, I figured I can self-label my blog post the “best ever.” If you’ve traditionally made resolutions and set goals on January 1st, then the midpoint of the year is…
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Phased Retirement: A Bad Time to Retire?
With the recent steep market downturns I’ve been reading more articles about whether this is a bad time to retire? If your nest egg has suffered, will you have enough to live on comfortably? Will the markets go even lower? Will inflation continue to diminish your purchasing power? Well, as they say, it sells papers. But if 2 or 3…
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Phased Retirement: Gap Year
My past posts have focused on a typical approach to phased retirement. It seems funny to even write “typical” since the phased approach is certainly less practiced than retirement-as-we-know-it. But a lunch conversation with a friend this week made me think about alternative approaches and how they have value and deserve to be considered as well. My concept of phased…
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Retire by Degrees 