First Blog

  Tips for Retirement You’re going to retire, plan to retire, or you are retired.   What to do? First, I’m retired and seem to be doing ok, so far. I’d like to offer a few tips – generally from my working plan.   1.        Know yourself, and especially the little tricks you play on yourself. 2.        Save money. Build your nest egg while you’re still working. This takes years of discipline, self-denial, and self-limitations. Examples: Limit new car purchases and fancy vacations. 3.        To have any level of comfort, you’ll probably need at least a million stashed in some funds that earn interest. Assume about 3% annual inflation long into the future. Plan to live on the interest and hopefully dividends. Try not to draw down the principal. Finally, living only on Social Security cannot be fun. 4.        Plan activities. You’ll need them foremost. You are less likely to take up some activity you don’t do already, no matter how much you like the idea. Develop several plans