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There are 5 proposed elements to the retirement mindset. These are health, energy, time, relationships and money. These elements work together to provide a lifestyle picture which is more holistic and encompassing for this stage of life. There are questions proposed to get you thinking about how these elements have a role in your retirement.
Aside from money, health is the second most talked about topic when it comes to retirement, but the focus tends to be on nursing homes and long term care. What about extra costs for home renovations, equipment, supplements, extended health care etc.? Maybe you don’t feel like making the trip to the cottage or down south as often as you used to. Maybe you can’t take transit the way that you used to and prefer to drive your car for convenience? Maybe you have certain health issues and need to be near certain specialists or … Read More
Money maven, Mary Hunt, returns with a new book, “The Smart Woman’s Guide to Planning for Retirement,” to help women prosper financially in the New Year and beyond. While geared toward females, men can also benefit from Hunt’s money knowledge, honed after she amassed over $100,000 in debt earlier in life; and took 13 years to erase.
“Have you had a retirement wake-up call?” Hunt asks early in the book. “I can promise you they intensify with age.”
Hunt sites a 2012 survey that found that 92 percent of women of all ages do not feel educated enough to reach their retirement savings goals.
Saving for retirement requires determination and hard work; and Hunt believes women can succeed. “If we lack confidence, it’s because we lack knowledge and desire, certainly not because we lack intelligence and ability,” Hunt says.
Time trumps all factors when saving for retirement. The sooner you … Read More