GoldenWatch

Discovering the Golden Years

This is the first sunrise of the New Millennium.

Gathering Other Views

There is quite a bit to think about when you retire, see the discussion under “Retirement Decisions” for examples. And there are many alternate approaches and philosophies to be considered. Perhaps you remember the experience of your parents, aunts and uncles or close friends. Ask them for their advice. They must naturally share a common background and culture and their opinions will be very relevant to your circumstance. Friends at work are also a good source of information because they share a common employer and they may have insights into the details of your company pension plan, health care options and possible reimbursements for unused annual and sick leave. In some companies there is a best time of the year to retire that results from some of these circumstances. These payments if they are large can distort you income for year they are paid in. This would be especially true if you took a lump sum payment of your retirement savings.

 

Another possible source of information is to choose someone who you think seems to have had a very “successful retirement” and ask them if they will share  their secrets. I think it is human nature to be flattered by such a request and I suspect you will find that people respond very positively. With all the people that you talk to be sure to ask them if they have any recommended sources of information. They may have a favorite book, web site or person that will be of help to you. Also if they know you personally ask them to advise you on what they might guess you will have the most trouble with and ask them also for advice on what kind of activities they think you would find gratifying and enjoyable.

 

Books are another good source of information and there are many books of retirement. If you do a search on Amazon.com you can find out which books are the most popular those might be the books that will be the most helpful to you also. Amazon also now has the ability to allow you to read book reviews and to read a few pages of each book so you can get an impression which book(s) might most interest you. The same advice goes for web pages. The way that Google works the pages with the most citations have the highest ratings so it is automatically gives you a prioritized list. You can also search for special topics such as “retirement financing” or “retirement relocation”. In addition to generalized retirement help sites there are of course the specific sites such as Social Security, Medicare, and Pension web sites.

 

And finally let us know what you learn from your research and from your personal experience. Give us the benefit of your new knowledge; write an essay or better yet several essays and send them to the GoldenWatch at the email address below.

 

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Submit essays to: Wayne R. Hudson at wrhudson@yahoo.com