Subscribe for useful free info!
Why are some people confident that they are on the right path, and others doubt themselves every step of the way?
There is a wonderful formula for anyone who is figuring out how to take the next step in his or her life: inner freedom. It is more than a formula, it is a state of being.
Spring is upon us, the nature reminding us about an experience of inner spring that is available at any moment. Observe how nature renews itself every day and every season. Every new cycle brings about new beauty and new appreciation for life. Take an opportunity to rediscover that inner spring splendor is possible yet again.
The Joy Compass 12 Steps to Successful Retirement Series has been developed for Let's Talk Money! Sirius XM Channel 141.
Step 2. Figuring out Social Security helps you:
▪ Estimate the income you will receive;
▪ Navigate important decisions around early, normal or delayed retirement;
▪ Avoid a trip to the office and apply online;
▪ Prevent a big Medicare mistake; and more.
The only mistakes to regret in life are those that could have been prevented. While all of us navigate the world of economic uncertainly, there are some fundamental principles that still hold. Keep them in mind, and you will avoid the common mistakes that retirees make with their finances.
Take financial advice from friends and family over that of professionals
Julia Valentine: I would like to start by thanking you for editing the Joy Compass book and many articles that appear on the website. I love the work you have done. You are such a great editor. Everything that you touch comes out a hundred times better. It’s been confirmed by friends and family, by everyone who has seen the “before and after” versions. You have received uniform praise.
Joan D. Saunders: Thank you — that’s what I’m here for.
Having become a collector of experiences, rather than an accumulator of things, I take delight in all events wondorous, miraculous and warm to both my heart and my touch. This Christmas, my gift came unexpectedly when I walked into the Museum District Bed & Breakfast in Richmond, Virginia. My stay came at the end of a strenuous December book tour. The bus I took from D.C. was delayed, and I when I opened the door of the B&B, exhausted, my watch showed 1:10AM.
Modern retirement is riddled with uncertainty and is much riskier than it was decades ago when there were many safeguards and veritable guarantees in place. The burden of assuring a suitable retirement nest egg has shifted from employers and the government to individual retirees. Even with this now common knowledge, far too many have still not adapted to the changes and find them self ill-equipped or, worse, entirely unable to retire when desired.