“Why do you live in Mexico?”
I get asked that question a lot. And the answer is – for many reasons. I’ll start with the more obvious: great weather, delicious food and incredible culture. I could go on and on but I’ll try to focus. It’s just that every time I turn my head, I see another reason to love this country.
Almost 20 years ago I moved to a small town in Bali, Indonesia. At 65 I’m still here, part of a vibrant community of expat elders who have chosen a very different path in retirement.
Retirement is an exciting time for us, independent adults with its endless possibilities for travel, entertainment and new friendships. But when it comes time to decide where to live during those later years, it’s important to take all options into consideration.
I have been dealing with the topic of the transition to retirement for the past 25 years. During this time, I’ve worked with clients considering retirement at many different times in their lives. Some have retired at the “normal” retirement age of 65 while others have retired by age 50 or deferred to age 75 and even 80.
My husband and I recently took a retirement class. This was not one of those fancy dinners in an expensive steak house given by investment firms looking to solicit business, but an actual class taught through a university extension.
What are your biggest regrets? If you’re in your 60s, you may have regrets about your relationships. Or, perhaps you think that your choice of career was a mistake.
Well, talking with the other women in our community, I can promise you one thing – by the time you reach your 70s, one regret will drown out all others. I’m talking, of course, about how much you saved for retirement.
What do you think is the worst mistake that you can make at your retirement party? Having one too many glasses of champagne? Nope. Telling blue t-shirt Bob from accounting what you really thought of him all these years? Not even close! Having talked with hundreds of women in the Sixty and Me community, I can tell you that the worst mistake you can make at your retirement party is to tell people you are retiring.
One of the major concerns for those entering into retirement is no longer having a paycheck. In addition, there is a normal fear of running out of money and having to spend what we spent a lifetime saving. One of the primary issues is how to make withdrawals from the various accounts we have built up and the timing of withdrawing from these accounts, both personal and retirement.
It’s finally time for retirement. We have endless freedom stretching in front of us, which means that we can spend our days doing whatever we like. If you are looking around to see what others are doing with their retirement years, check out these five trends for the young at heart.
One of the most difficult and emotional times in our lives is making the transition to retirement. Sure, all of the ads make us think of freedom, buying a vineyard, going sailing or hitting the road in a Winnebago!