Retirement Planning Tips
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.
- Pay off your home well before retirement, even if it means settling for something smaller than you had planned. Start young. Twenty is not too soon.
- Learn to garden and can. Other than hiring someone to till up your garden each spring, most of the associated tasks are possible for most people. It is a thrill to see all that food lined up in jars, and also in the freezer!
- Keep debt to the absolute minimum. Hold down expenses so you can always pay them off monthly. This includes utilities, credit cards, and car repair bills.
- If you qualify for medical assistance don't be shy about it. You paid into it with your taxes. If you need it, apply and fight for it.
- Keep house, car, etc. in good condition.
- Save money as you are able. It is unnecessary to spend the national average of almost $900 for Christmas, for example. In some cases a card and a current photo of you will be more welcome than a new stereo.
Hope this helps someone.
Source: This is from personal experience.
By Coreen from Rupert, ID
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11/04/2008
Coreen, you always have good, practical advice. I hope it reaches someone who really needs it.
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