How to Retire Happy, Wild, and Free offers inspirational advice on how to enjoy life to its fullest. The key to achieving an active and satisfying retirement involves a great deal more than having adequate financial resources; it also encompasses all other aspects of life—interesting leisure activities, creative pursuits, physical well-being, mental well-being, and solid social support. World-class author and innovator Ernie J. Zelinski guides you to: —Gain courage to take early retirement; in fact, the earlier the better. —Put money in proper perspective so that you don't need a million dollars to retire. —Generate purpose in your retirement life with meaningful creative pursuits. —Follow your dreams instead of someone else's. —Take charge of your mental, physical, and spiritual health. —Better envision you retirement goals — including where you want to live. —Above all, make your retirement years the best time of your life. What sets this retirement book apart from all the others is its holistic approach to the fears, hopes, and dreams that people have about retirement. This international bestseller (over 110,000 copies sold in its first edition) goes way beyond the numbers that is often the main focus of retirement planning in most retirement books. There are many ingredients of a happy retirement and several retirement planning tools that help retirees plan for their retirement in new and more meaningful ways. One of the most powerful tools is The Get-a-Life Tree that you won't find in any other retirement books. In short, the retirement wisdom in this book will prove to be much more important than how much money you have saved. How to Retire Happy Wild, and Free helps readers create an active, satisfying, and happy retirement in a way such that they don't need a million dollars to retire.
Product Details
About the Author
Product Details
ISBN-13:
9780969419495
Publisher:
Visions International Publishing
Publication date:
09/01/2009
Pages:
240
Sales rank:
34,491
Product dimensions:
6.80(w) x 9.80(h) x 0.90(d)
About the Author
Ernie J. Zelinski has an Engineering degree and an MBA from the University of Alberta. Because he is truly organizationally averse, he has not had a real job for over twenty-five years. Ernie speaks professionally on the subjects of real success, retirement, and applying creativity to business and leisure.
Some people dream of retiring and living a jobless life. Others want to work until they fall over. No matter which camp you fall into, retirement planning is essential. If you’re like most people, you haven’t done too much thinking about your retirement years, because life is busy enough as it is. If you’re five […]
AutoCAD 2009 and AutoCAD LT 2009 All-in-One Desk Reference For Dummies
See Details
If You Want to Be Rich and Happy, Don't Go to School?: Ensuring Lifetime Security for Yourself and Your Children
See Details
The Real Book of Real Estate: Real Experts. Real Stories. Real Life.
See Details
Falso: Dinero falso. Maestros falsos. Activos falsos. / Fake: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle Class Poorer
See Details
Padre rico, padre pobre para jóvenes / Rich Dad Poor Dad for Teens
See Details
The 48 Laws of Power
See Details
Equilibrio hormonal para tu fertilidad
See Details
Concise Art of Seduction
See Details
Las leyes de la naturaleza humana (The Laws of Human Nature)
See Details
The Big Short: Inside the Doomsday Machine
See Details
The Undoing Project: A Friendship That Changed Our Minds
Author Ernie Zelinski shows that the key to enjoying an active and satisfying retirement is dependent on much more than just having adequate financial resources. It means paying attention to all aspects of life, including leisure activities, creative pursuits, physical and mental well-being, and solid social support.
If you retire with no money, you'll have to consider ways to create income to pay your living expenses. That might include applying for Social Security retirement benefits, getting a reverse mortgage if you own a home, or starting a side hustle or part-time job to generate a steady paycheck.
You may worry about managing financially on a fixed income, coping with declining health, or adapting to a different relationship with your spouse now that you're at home all day. The loss of identity, routine, and goals can impact your sense of self-worth, leave you feeling rudderless, or even lead to depression.
Many retirees with little to no savings rely solely on Social Security as their main source of income. You can claim Social Security benefits as early as age 62, but your benefit amount will depend on when you start filing for the benefit. You get less than your full benefit if you file before your full retirement age.
About 27% of people who are 59 or older have no retirement savings, according to a new survey from financial services firm Credit Karma. To be sure, that's the same share as the overall population, yet boomers have less time to save for retirement given that the generation is now between the ages of 59 to 77 years old.
How Much Should a 70-Year-Old Have in Savings? Financial experts generally recommend saving anywhere from $1 million to $2 million for retirement. If you consider an average retirement savings of $426,000 for those in the 65 to 74-year-old range, the numbers obviously don't match up.
Using our portfolio of $400,000 and the 4% withdrawal rate, you could withdraw $16,000 annually from your retirement accounts and expect your money to last for at least 30 years. If, say, your Social Security checks are $2,000 monthly, you'd have a combined annual income in retirement of $40,000.
The 3% rule in retirement says you can withdraw 3% of your retirement savings a year and avoid running out of money. Historically, retirement planners recommended withdrawing 4% per year (the 4% rule). However, 3% is now considered a better target due to inflation, lower portfolio yields, and longer lifespans.
The happiest retirees accumulate ample retirement savings so they can focus on enjoying their lives. Put another way, a house not built on a stable foundation will crumble.
One participant, when asked what he missed about being a doctor for nearly 50 years, answered: “Absolutely nothing about the work itself. I miss the people and the friendships.”
For many people, the hardest tasks in retirement are establishing a structure and personal relationships to replace what they had in their work environments. Work dictated the structure of their days and weeks for decades. In retirement, that structure has to be replaced.
Financial planners often recommend replacing about 80% of your pre-retirement income to sustain the same lifestyle after you retire. This means that, if you earn $100,000 per year, you'd aim for at least $80,000 of income (in today's dollars) in retirement.
Introduction: My name is Dean Jakubowski Ret, I am a enthusiastic, friendly, homely, handsome, zealous, brainy, elegant person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
