- deconstruct ( @deconstruct@lemm.ee ) English13•10 months ago
It’s not just about the years spent in retirement, but what you’re doing. This is something I heard from a financial advisor - Retirement happens in phases.
Go-go phase. Years spent in relatively good health. Add extra budget for travel or big-ticket items to enjoy, like an RV.
Slow-go phase. Staying close to home, maybe spending time with grandkids. Increased medical bills.
No-go phase. No travel, but largest medical bills.
- argv_minus_one ( @argv_minus_one@beehaw.org ) English9•10 months ago
For most Americans, there is no such thing as retirement.
- zzzzzz ( @zzzzzz@lemmy.ml ) English6•10 months ago
I gave up after looking for a clear answer after a few minutes. They really buried the lead.
- JWBananas ( @JWBananas@startrek.website ) English9•10 months ago
The history of the phrase bury the lede is fascinating. Especially the part where they started spelling it wrong on purpose.
- zzzzzz ( @zzzzzz@lemmy.ml ) English2•10 months ago
Interesting! Thanks for sharing!
- OpticalMoose ( @OpticalMoose@discuss.tchncs.de ) English6•10 months ago
One thing nobody points out is that those last 5+ years of your life, your health will probably be failing, physically and maybe mentally. If someone has to take over your finances and they aren’t financially literate, your money will run out a lot sooner.
I’m not talking about someone stealing your money(which does happen), but someone who means well, but just makes bad decisions. There’s no easy fix for it, but a living will helps.
- Blapoo ( @Blapoo@lemmy.ml ) English4•10 months ago
Can someone define this word for me?
“Retiree”?
- Patrizsche ( @Patrizsche@lemmy.ca ) English3•10 months ago
Someone who has stopped working for good because of old age