Not Retiring to Save Your Retirement
Fool.com has an article called 9 Retirement Killers. It’s got a great laundry list of things that can throw your retirement plans for a loop. The last retirement killer caught my attention because it’s really about not actually retiring at all. Retiring permanently when you really just needed a break.
If you’re in your 60s, you should plan on living at least another two decades. Can you stand full-time leisure for 20 years? Sure, it may sound good now, but many retirees find they get pretty bored after a while. But by then, they have severed many of their professional ties. Before you decide to retire fully and permanently, discuss a phased or gradual retirement with your employer or business partners. Or the possibility of working on a project basis, allowing you to take several months off each year. Or maybe just a one-year sabbatical. Explore your options before you no longer have them.
What to know the other 8 retirement killers? Read the article.
