It’s not surprising that downsizing has become a big trend in the United States and other Western countries. After all, we are simply drowning in stuff! How much stuff? Well, according to the LA Times, the average U.S. household contains 300,000 items. 300,000! That’s insane!
Historically speaking, your financial adviser’s job has always been to help you reach your financial goals. If you wanted to retire, travel or buy that vacation home, you were only to set your goal, and your adviser would tell you how to get there.
We miss the profound depth to financial thriving when we focus solely on getting better rates of return, maximizing Social Security, mitigating risk, diversifying assets or addressing draw down rates – the traditional talk of financial advisors.
I’m somewhat skeptical of the whole concept of “retirement.” I’ve seen far too many cases of people building up retirement as the “ultimate destination,” only to find themselves feeling lost, socially isolated and financially stretched when they finally get there.
A few years ago, I left my comfortable life in Seattle, Washington, to relocate to Switzerland. Technically, I wasn’t “retiring abroad.” As the founder of Sixty and Me, I was still busy for most of the day. I was also continuing to work as a freelance consultant. So, perhaps, “semi-retirement” would be a more accurate description.
You’ve been saving money in your 401K for most of your adult life. Now that you’re retiring, what happens to that money? Join us in discussion with financial expert Pam Krueger who says that taking control of your money in retirement is as easy as 1-2-3. Enjoy the show!
To say that our generation was misled about Social Security would be a gross understatement. Even the name “Social Security Trust Fund” is misleading. A trust fund is “a fund consisting of assets belonging to a trust, held by the trustees for the beneficiaries.” But, the truth is that most of the money that you put into Social Security is long gone. It was never held in trust. The government spent it.
I’m learning each day to look forward to what is coming as I stand where I am today. Being present in my life right here and now has created an appreciation for all that I have and an eagerness for what is yet to come. Every change I make takes me to that new and exciting place.
Do you yearn for more spending money? Have you always wanted to visit Barcelona? Or perhaps you enjoy meeting new people. Whatever the reason, you might consider opening your home to strangers through a vacation rental like Airbnb, VRBO, or a host of other online rental agencies.