No matter what your age, most people occasionally talk about retirement. A big concern is whether Social Security will be available when you finally qualify. Even more troublesome is when the conversation leans toward savings accounts, or the lack of them, among Baby Boomers. Of primary concern are the many people in middle age and beyond who are not financially prepared for getting older. Only a handful will have the luxury of never giving money a thought. What is seldom discussed is that there is something that most people can do right now to prepare for a more carefree and secure retirement. That something is the decision to rightsize their life. [Read more…]
I am very pleased to announce that my latest book is now published and available in either print or as an ebook on Amazon. Titled Rightsizing * A SMART Living Guide to Reinventing Retirement, this book is the second in what I hope will continue to be a series. What is Rightsizing? Simply put, rightsizing is the conscious choice to create a life and a lifestyle that more sustainably aligns with your unique Self in the best possible way at every stage. This small volume compiles the best of what I’ve written on the subject here on SMART Living 365 along with some bonus ideas that presents them in a way I think most readers will appreciate. The good thing about rightsizing your life is that it doesn’t matter what your age or situation. Although many reach retirement before finally making it happen, rightsizing can benefit everyone and leads to more happiness, fulfillment and peace of mind than ever before regardless of circumstances. Of course, just like most things that are desirable, it comes at a price. Here is a list of the most common obstacles that keep many of us from choosing a rightsized life. [Read more…]
During the last four and a half years I have written and published every post here on SMART Living 365. But as Thom and I prepared for a three week trip over the holidays, I decided to invite three other bloggers I enjoy and admire to contribute and share their SMART advice. Today’s Guest Post comes from author and writer Tom Sightings from his blog Sightings Over Sixty. I’ve been reading Tom’s blog for several years and greatly enjoy his diverse topics, his perspective on life, and his sense of humor. I hope you enjoy this post and I strongly encourage you to check out his blog if you get a chance. Thank you, Tom, for sharing your SMART, practical and funny wisdom with us all.
Let’s face it, soon or later we all get old, assuming we’re still around at all. There’s nothing we can do about it — except maybe try to do it with some class, and not burden ourselves or our loved ones with all the consequences and complications.
It doesn’t matter if we’re 55 or 75. We can still approach our senior years with some style and grace. Here are a few suggestions that have occurred to me. Maybe you have others. [Read more…]
One of the stories I can vividly remember my father telling me years back was related to his pride at managing his money in retirement. At the time, both my father and mother lived on their social security and some modest savings held in a 401k. Dad frequently bragged that he lived better, traveled more, and seemed to have more fun than many of his friends who retired with big homes and generous pensions. From my perspective, at least at the time, their lifestyle seemed more humble and restricted than I felt necessary. Yet now, less than 20 years later, I recognize that their simple and minimal lifestyle afforded them tremendous benefits that millions of other “hope-to-be-retirees” could learn from—including myself. [Read more…]
“If you love what you do you’ll never work a day in your life.” ~Confucius
A good friend of mine plans to retire in the next couple of months. She’s earned it. After working at a challenging job for over 25 years, she’s more than ready to move on to something new. But underlying that excitement I detected a bit of worry about the uncertainty before her. That mixed message of elation and concern got me thinking about how Thom and I are approaching our future. What I realized was that in our quest to rightsize our lives, Thom and I have gradually slipped into what we are calling semi-retirement in a natural and stress-free way. While so many people our age are asking an all-or-nothing question about retirement, rightsizing right now might be the best solution of all.
Back in our twenties, Thom and I wanted to be millionaires. TV shows like Lifestyles of the Rich & Famous and Who Wants To Be A Millionaire? fueled the desire to amass our fortune. Then somewhere along the way someone really SMART asked Thom, “Why a millionaire?” and forced him to consider what he meant by that idea. For the first, time Thom began listing experiences and feelings that he hoped to achieve if and when he/we became millionaires. To which his friend said something like, “So it’s really the feelings and experiences you want—not the money itself?” From that moment forward, we began realizing that the labels of being rich, poor or somewhere in-between had little to do with the actual quality or experience of our lives. In fact, the things we thought most important could be realized with far less income than we ever imagined. That’s why through the years we’ve come to believe that “right-sizing” is a much better way to describe the unique and priceless lifestyle that brings you happiness, purpose and peace of mind regardless of your age. Once you have that clear picture of what brings you a happy and quality lifestyle, you can begin to figure out the second step of where money fits into your life. [Read more…]
Retirement is a big topic for many of us in midlife. The usual approach is to figure out how much money you can possibly save up so that you can continue the lifestyle you have created for you and your family. The other approach is to downsize and sacrifice so you can live on whatever you think you’ll be forced to get by living on and with. There is another way. Several years ago Thom and I came up with what is a middle (and we think better) way that is seldom mentioned. That way is to “right-size” your life as soon as possible. Then whether you choose to finally retire, or decide you will continue creating in some capacity for as long as you live—your life will be filled with qualities and activities that bring you happiness, purpose, and peace of mind. [Read more…]