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Planning for Retirement

Category Retirement
Retired Couple on Bike Ride
There are many things to consider when planning for retirement, making it a daunting task for some. This is a guide about planning for retirement.

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Share on ThriftyFunThis guide contains the following solutions. Have something to add? Please share your solution!

By 6 found this helpful
October 28, 2008

Retirement, so you think you are ready or close to the magic age. Be prepared. Make sure you haven't any bills to pay out, like a car or house payments. Do you have your second insurance to cover you and your spouse when you see a doctor, or be rushed to the hospital? Medicare will take out $96.50 per month from your S.S. check. Even without car or house payments, you still have to pay for water, gas, and/or an electric bill. Also, you have to maintain your car. You will need to buy a health coverage for your medications.



Take stock for what you have to pay out each month and how much you can put back for travel or trips that may come up that weren't planned. You will get a retirement check, but if you owe money you can get hurt. You will live on what you get for one month before another check arrives.

Spend wisely. Grow some of your food, even if it's grown in big flowers pots. Take this from someone who has lived on retirement for three years. Be sure in save some money before you have that last day at work.

God Bless.

By Shonda (A Retired Grandma) from Grand Rivers, KY

Comment Was this helpful? 6

November 3, 2008

Planning for retirement can be sticky. We have not been in a position to save due to high medical costs. But there are a few things you can do.

Hope this helps someone.

By Coreen from Rupert, ID

Comment Was this helpful? 1

December 5, 20160 found this helpful

This is a guide about organizing retirement paperwork. Prior to retiring it is beneficial to begin organizing all of the paperwork related to your retirement plans.

A pile of retirement paperwork.

Read More... Was this helpful? Yes

December 2, 20160 found this helpful

This is a guide about stretching your retirement dollars. Many people are surprised at their reduced spending ability after they retire.

A piggy bank on top of many dollar bills.

Read More... Was this helpful? Yes
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