Recently I watched a new documentary entitled Coming Of Age In Aging America. I expected the focus of the film to be similar to much of the other information I read almost daily on the Internet. Sure the movie covers a few of those common themes prevalent in the positive aging message. But more importantly, the major focus is a deep inquiry into the sustainability of how most of us view the overall life-progression or life-course of all Americans as we age. What do they mean by that? And why do I believe it is important for all of us to begin to rethink the current model of aging and retirement that most of us unconsciously hold as sacred? [Read more…]
How Rightsizing Can Help You Save For Retirement
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…]
How Minimalism or Rightsizing Prepares You For Retirement
Mom, Dad and I in Hawaii for their 50th Wedding Anniversary.
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…]