Life after 60 is intense. So, why on Earth would anyone want to start a blog at our age? Isn’t there enough talk in the world? Don’t we all have better things to do with our time than share our opinions with the world?
Whether we retire or continue working part-time, in our 60s, we become conscious of money in an entirely new way. For much of our lives, we were earning money and saving it. If we were smart about how we invested, spent and saved our money, our net worth was always going up.
Research states that approximately 12-million Americans will need long-term care by the year 2020. In addition, 68% percent of individuals over the age of 65 will eventually develop some form of cognitive impairment or need assistance completing at least two activities of daily living such as dressing, showering and eating.
For most of our lives, we look forward to retirement as if it was the ultimate destination. We monitor our savings account, hoping that we have enough money to maintain our quality of life. We think about all of the fabulous places that we want to go. We dream about what we will do with ourselves when, for the first time in more than 4 decades, we have free time again.
I retired in Bali… can you?
Retirement crept up on me. I had excellent health, meager savings and a severe case of age-appropriate denial. Then, three friends died of cancer within eighteen months. I wasn’t yet sixty-one. All younger than I, they had unrealized dreams and unfinished lives.
Retiring in Costa Rica was a game changer for us, but, we wanted to retire close to the ocean and California was out of our budget.
There’s a “silver tsunami” making waves. Around 10,000 Baby Boomers will hit retirement, every single day, over the course of the next twenty years – and, that’s just in the U.S.