If you think you have not preserved for a truly safe retirement, please think about it again. Any one of these 10 creative retirement methods cannot be possible.
You will see that you work hard to save your life throughout your life, and then withdraw from work to play bridge is just a way to retire. Moreover, a few may not be your way.
In the 1950s, hundreds of or even thousands of different leverage can be used to achieve financial independence.
Even if there is not enough savings, there are 10 retirement methods:
1. Take the mini retirement or the gap year
If you are preparing to retire emotionally or psychologically, but your financial situation is not enough, you may explore a mini retirement-extended (3-12 months) vacation.
Many people close to retirement have found that long -term breaks at work are enough to charge and re -inspiration. The trick is to convince your employer to let you have this precious time. However, Harvard Business College reported that the number of employers who provided unpaid vacation increased.
However, it may be worth exploring your personal situation with human resources managers.
Resignation is another choice to find a similar job when returning. However, many people who participated in the retirement gap for one year actually discovered the re -assignment career and new passion during the mini retirement.
If you are interested, please understand more information about vacation, mini retirement or gap. Alternatively, the model gap between the modeling plan with the Boldin retirement plan is one year.
2. Prefer important contents, and largely reduce costs
A frugal life will never become easy to the streets, but only focusing on really important things may be very beneficial.
Most financial consultants assume that we need to maintain lifelong consumption habits when we retire. Although this is the case for most of us, many people redefine their pensions and can greatly reduce expenditure-this is one of the best ways you think more than you think.
Retirement is an excellent time to take stock of what you have and what you want. If you know what the most important thing is, you can set goals and find a method to achieve the highest priority.
Some tips:
Check your current expenditure carefully: When you build something important to yourself, evaluate the current budget. A very detailed understanding of everything you spend-Many people are surprised to find that from the long run, how important it may be added in the process of one month.
Create detailed predictions: Use the Boldin retirement planner to create a detailed budget for your expected expected expenses. When you understand your needs and change over time, you may find that your situation is much better than what you think.
Cutting cost: Find out how to reduce large (eliminating cars can create considerable savings) and small costs. Get rid of anything that has nothing to do with your primary task.
Evaluate lifestyle: Look at who your residence is with, and daily work. If these things that are not important to you, then changes can save your money and help you live a more meaningful life.
Remind yourself important: Write down your retirement priority and refer to each day.
Write a list of work and reasons you want to complete every day may even help.
These simple tasks can help you keep on track.
3. Or, spend more! (Not every month)
Um?
Yes, you heard me. You may spend more on retirement and still have a safe future.
You will find that many people plan to retire, thinking that they will continue to spend the future as they are now. However, this may not happen.
When you are relatively young and want to travel or engage in new hobbies, you may need to spend more after stopping working. However, as you get older, your expenditure may decline. (Many people follow the model of immediately expenditure after retirement, and gradually reduce expenditure until long -term care or medical expenses will survive your expenditure.)
Think about the details of retirement expenditure, and give yourself some room to spend more (maybe one point) in some years, and at other times (maybe less), which may enable you to retire faster than the plan to retire faster than the plan. Essence
The Boldin retirement plan can help you consider the future detailed budget. You can change the overall expenditure and expenditure in various categories for reasonable predictions.
4. Think outside of the box (re -consider housing)
When formulating a retirement plan, many people do not think much about their own houses. However, your house may be your biggest cost. According to data from the Institute of Employee Welfare, the cost of family and family -related expenses accounts for 43 % of the expenses of 65 to 74 years old. Reducing this cost may be one of the best ways to retire.
In addition, if you have your own house, then it may be your most valuable asset and can be used to help funding retirement costs.
Rent your room or room room: House sharing is becoming more and more common. Moreover, Airbnb absolutely exploded. Leasing the room (or the entire house travel) to rent a room (whether it is permanent or short), which is a good way to help retirement funds, because it uses existing resources to generate currency. Learn how to become the Airbnb host here.
Size: If you reduce the cost of housing and release your net worth of your house, layoffs may be a good choice. When you narrow the size, you will sell existing houses and buy or rent cheap things. It can be a smaller house or a residence of another community. Learn more information in the full guide of layoffs.
Small little: There are tailors, and then there are small houses. If you think you can live in a 500 -square -foot or lower place, a small house can simplify your lifestyle and financial status. And, do you know about 40 % of small houses lived by the elderly? Is a small house an important solution for your retirement plan?
On the road: Some retirees sell most of the property including the house and on the road. Can you imagine living in a RV or boat house and travel during retirement?
5. Pay attention to big opportunities
In addition to housing, taxes, debt and social security may be the biggest leverage for your lack of retirement.
debt: Imagine if you can spend the money you currently use to repay the debt! In the long run, the cost of debt -free is a bit prerequisite, but this is the key to financially. Interests that pay debts are similar to lit currency. Get rid of debt as soon as possible.
The following is the 7 reasons for each penny before retirement …
(However, as long as you carry the mortgage loan, you need to worry about the interest rate of low fixed interest rates.)
tax: Learning taxes through your retirement plan may mean more accurate forecasts and more money in accounts. From your life to the income plan, you can reduce the tax burden in many ways. Boldin retirement plan will help you discover opportunities.
social Security: So, what can you add $ 100,000 to do? I dare to bet! Waiting to start social security may bring this cash.
The longer you wait for the benefits, the more benefits you receive every month, which may increase the usability of $ 100,000-depends on your life.
6. Finding it feels like playing works
You don’t want to work-work is not “retirement”. But maybe you like cooking, wooden or spending time with dogs. There are more and more ways to make money from these types of hobbies.
If you like to do, you may find a way to get compensation.
Explore the idea of 50 passive income!
7. Retire abroad
The United States, especially in some parts, is a very expensive place of residence. Retirement abroad can provide adventure and greatly reduce the cost structure for your retirement.
In all parts of the world, there are affordable residence-climate may be warmer, house costs may be reduced (or many), and medical care may be cheaper.
However, is it reality if you think you have the ability to spend the retirement year in some exotic places? Since 2006, retirees in fact have not only retired, but also actually have doubled the number of retirees. They are much less money than you think, as low as $ 40 a day!
explore:
8. Don’t set the date-transition to retirement
A long time ago, a long time … we set up a date and planned a big party for retirement. One day you go to work and never know again.
These days, more and more people have different views on the retirement date. Today’s retirees transition to retirement through part -time jobs, or we find retirement.
9. Keep healthy and make good insurance choices
Some retirees spend more bags of medical expenses in their lives, rather than social security. You can cut these costs by maintaining health and carefully choosing to supplement medical insurance.
The best supplementary medical insurance plans should be formulated every year. The plan changes. Your health needs change.
Here are 12 methods to save retirement medical care costs.
10. Develop a detailed retirement plan and make a wise retirement decision
The formulation of retirement plans is not one of the most “creative” methods for retirement.
However, only 30 % of Americans have a long -term financial plan, including the detailed overview of savings and investment goals and retirement finance. Therefore, if you have a plan, then you are at least unique-even if you are not creative!
And, is good news for the planner? After a strict plan, retirees who “how to retire” are most satisfied with retirement.
Boldin retirement planners make it easier to formulate detailed plans and find a safe retirement method. In addition to these “creative” ideas, you can also explore how to delay the beginning of social security or optimized investment can bring you a better future. First enter some basic information, and then get preliminary feedback on your location.
Then, you can add more details and really get the accurate estimate of how much you need.
Most importantly, you can try an unlimited number of solutions. Check the layoffs, how retirement work may affect your financial status. “Forbes” magazine claims that the system is a “new method for retirement planning.”
Source link
