Posts Tagged ‘ retirement issues ’

Seniors: Three Questions Before Retiring

Feb 28th, 2011 | By Dr Jerry D Elrod | Category: Senior Moments Blog

Edging toward retirement prompts a variety of questions and investigations before taking the proverbial leap. It is no small undertaking, certainly now that questions about raising the retirement age, trimming social security benefits, high inflation and low interest returns are being proffered.

So what is it that needs to be examined by the person who is approaching 60 or above and is thinking about the benefits of retirement.

Primary to any resolution to retire is to determine “What Will I Do?” This is the question which drives all the other questions. The answer to this question will also influence the shape of lifestyle considerations, cost of iving issues, satisfaction with your



Retirement: It’s About Time

Feb 8th, 2011 | By Dr Jerry D Elrod | Category: Senior Moments Blog

Visiting with a former professional colleague the other day, he was struck that I had been retired now for 13 years, having retired at 58. When we came to the moment to begin consider retiring, it did not appear likely that that step would be viable. But the more exploring, investigating, and asking questions we did, the more it appeared that our doing so was indeed a real possibility. Of course, there were some adjustments required.

Essentially, retirement is about time. It is about making those choices and decisions which enable you to be in charge of the rest of your life. It is about doing a careful assessment of all your resources, income projections, possible additional investments, obligations and commitments. Clearly, having little to no debt is a huge consideration. And, further, continuing the discipline of not incurring debt is desirable. There may be some lifestyle adjustments necessary. But, remembering that