RETIREMENT - WHEN, WHERE AND TO DO WHAT?
When we think of retirement, we often think of beautiful beaches and warm weather. But for many, retirement may not be that pleasant. For a majority of us, the thought of retirement is very concerning. When, where and to do what?
After two careers spanning about 30 years, I have started thinking about retirement. There are many financial tools that help you make financial decisions for life after retirement. Fidelity has an excellent retirement planning tool. But I have not seen any tool that can tell me whether I am ready physically and mentally to retire. I am 60 years old and not in excellent health. Waking up at 4 am every day, to leave for work at 6 am and return only at 7:30 pm has had an impact on my body and brain. I am tired and would like to retire in couple of years. I have heard of many people struggling with decisions about retirement.
Also, I live in Northern Virginia. Living in Northern Virginia is expensive and life will continue to be hectic. However, I enjoy the multicultural cuisine, time with friends that I have made during the last 20 years, and benefit from excellent medical facilities. Do I relocate and if so where? There are several tools to help locate a place to live. AARP has destinations to consider. Livability scores are a useful guide.
But what will I do after I retire? How will I keep myself occupied? I spent about 14 hours at work and in commuting. After I retire, I will have too much time in my hands. More importantly, the work gives me an identity and a purpose in life. What I do has an impact and makes a difference in the life of many people. How can I use my experience and interest to do something that will give me a new identity? A purpose? Can sharing my experience and knowledge with decision making through this blog serve as a purpose? I hope to log my retirement decisions on this page and provide appropriate links to sites and tools that I have used.
RESOURCES:
1. Where to Retire - 1
2. How to Study a new language
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