Planning for Retirement

October 28, 2008

Retired Couple on Bike RideRetirement, 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
Read More Comments

3 More Solutions

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

Bronze Feedback Medal for All Time! 153 Feedbacks
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.

Comment Was this helpful? 1

December 5, 2016

This is a page 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... Pin it! Was this helpful? Yes

December 2, 2016

This is a page 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... Pin it! Was this helpful? Yes
Budget & Finance RetirementApril 7, 2012
Halloween Ideas!
Ask a Question
Share a Post
Better LivingBudget & FinanceBusiness and LegalComputersConsumer AdviceCoronavirusCraftsEducationEntertainmentFood and RecipesHealth & BeautyHolidays and PartiesHome and GardenMake Your OwnOrganizingParentingPetsPhotosTravel and RecreationWeddings
Published by ThriftyFun.
Desktop Page | View Mobile
Disclaimer | Privacy Policy | Contact Us
Generated 2022-10-13 11:33:26 in 4 secs. ⛅️️
© 1997-2022 by Cumuli, Inc. All Rights Reserved.