The last quarter of the year can become quite stressful, especially for those of us over 60. In some parts of the world, October is filled with more outdoor events with family and friends because the weather turns cooler while the sun is still generous.
When retiring abroad, isn’t it hard to learn the local language? This is one of the most common questions that I receive when I tell people about my decision to move to Switzerland.
The way that people view Social Security is strongly influenced by their age and financial position. If you are young and healthy, you may view Social Security as something that “you’ll never see” or “just a handout for older people who didn’t save.”
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!