Comments on: Avoid the Financial Headache in Retirement http://moneyning.com/retirement/avoid-the-financial-headache-in-retirement/ A personal finance blog where we share insights on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom! Wed, 17 Mar 2010 22:23:17 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: marci http://moneyning.com/retirement/avoid-the-financial-headache-in-retirement/comment-page-1/#comment-16280 marci Sat, 30 May 2009 14:14:07 +0000 http://moneyning.com/?p=2980#comment-16280 @FunnyAboutMoney - :) Found a new clam bed this week! Enjoy! I think the point here is to learn to get by on very little money, and then one doesn't have to worry a lot about the economy. If one is debt free, including the house, has a decent garden in the yard, some edible landscaping, has access to firewood, can self-harvest meat (clams, crabs, or fish or game), then it takes very little money to get by on. For me, my 'needs' (utilities, gas, insurance, property taxes, food, meds) are about $450/month. Anything over that is gravy, so to speak :) @FunnyAboutMoney – :) Found a new clam bed this week! Enjoy!

I think the point here is to learn to get by on very little money, and then one doesn’t have to worry a lot about the economy. If one is debt free, including the house, has a decent garden in the yard, some edible landscaping, has access to firewood, can self-harvest meat (clams, crabs, or fish or game), then it takes very little money to get by on.

For me, my ‘needs’ (utilities, gas, insurance, property taxes, food, meds) are about $450/month. Anything over that is gravy, so to speak :)

]]> By: Monevator http://moneyning.com/retirement/avoid-the-financial-headache-in-retirement/comment-page-1/#comment-16274 Monevator Sat, 30 May 2009 08:41:50 +0000 http://moneyning.com/?p=2980#comment-16274 I believe the concept of retirement is receding for most of it, and was rather an artifact of the unusual post-War boom in the middle of the last century. But your point is still relevant - if we're going to need to earn money in our 60s and 70s, we need to think about how we do that now. I believe the concept of retirement is receding for most of it, and was rather an artifact of the unusual post-War boom in the middle of the last century. But your point is still relevant – if we’re going to need to earn money in our 60s and 70s, we need to think about how we do that now.

]]> By: Funny about Money http://moneyning.com/retirement/avoid-the-financial-headache-in-retirement/comment-page-1/#comment-16268 Funny about Money Sat, 30 May 2009 04:25:30 +0000 http://moneyning.com/?p=2980#comment-16268 You can plan till you're blue in the face, but if a major recession hits just as you're on the verge of retiring, you're outta luck. You're even lower on luck if, about the time you realize a failing economy's depredations of your savings mean you'll have to work till you're 70 or 75, you get laid off at 64. The heck with that! Who needs it? I'm goin' clamming with Marci. You can plan till you’re blue in the face, but if a major recession hits just as you’re on the verge of retiring, you’re outta luck. You’re even lower on luck if, about the time you realize a failing economy’s depredations of your savings mean you’ll have to work till you’re 70 or 75, you get laid off at 64.

The heck with that! Who needs it? I’m goin’ clamming with Marci.

]]> By: marci http://moneyning.com/retirement/avoid-the-financial-headache-in-retirement/comment-page-1/#comment-16197 marci Tue, 26 May 2009 21:15:35 +0000 http://moneyning.com/?p=2980#comment-16197 I had a wonderful 3 day weekend - but then ALL my weekends are 3 days weekends due to my choice of living on less which allows me to work fewer hours. And I awoke at 5:30 am when the sun came in my window - as usual - without the alarm clock and left for work at 7:50... I watched all the "big money" rolling thru town this weekend - toy haulers and ATV's and fancy camping trailers and RV's and big big boats and all the flatlanders (from over the mountain pass in the valley) and out of stater's coming over to "Paradise" - where I live :) And I thought about all that money being spent in pursuit of "happiness", per se... and I then thought about what a great fantastic weekend I had, and decided that I spent a total of $7 for all my fun - that being gas money :) And I got to go clamming 3 mornings and limit out, pumped sandshrimp for bait, and went fishing for 3 days - great fried perch! Went up to the camps to visit friends and hang out, got in some sunbathing, some BBQ's, lots of friends and company - and all for the $7, plus of course the food I would have spent on normally - with all the clams and fish for free. It's a matter of finding something that works for you - a way to save up for retirement - and the way I spent my weekend would be the way I would hope to spend retirement weekends (in May anyway) The simpler frugal life doesn't work for everyone (it's a mindset one must consciously adopt) - but then as we were enjoying our fresh clams and fried perch and homemade potato salad we said, "Wonder what the rich folks are eating today - sure can't be this good! " Of course, we say that a lot :) I had a wonderful 3 day weekend – but then ALL my weekends are 3 days weekends due to my choice of living on less which allows me to work fewer hours. And I awoke at 5:30 am when the sun came in my window – as usual – without the alarm clock and left for work at 7:50…

I watched all the “big money” rolling thru town this weekend – toy haulers and ATV’s and fancy camping trailers and RV’s and big big boats and all the flatlanders (from over the mountain pass in the valley) and out of stater’s coming over to “Paradise” – where I live :) And I thought about all that money being spent in pursuit of “happiness”, per se… and I then thought about what a great fantastic weekend I had, and decided that I spent a total of $7 for all my fun – that being gas money :) And I got to go clamming 3 mornings and limit out, pumped sandshrimp for bait, and went fishing for 3 days – great fried perch! Went up to the camps to visit friends and hang out, got in some sunbathing, some BBQ’s, lots of friends and company – and all for the $7, plus of course the food I would have spent on normally – with all the clams and fish for free.

It’s a matter of finding something that works for you – a way to save up for retirement – and the way I spent my weekend would be the way I would hope to spend retirement weekends (in May anyway) The simpler frugal life doesn’t work for everyone (it’s a mindset one must consciously adopt) – but then as we were enjoying our fresh clams and fried perch and homemade potato salad we said, “Wonder what the rich folks are eating today – sure can’t be this good! ” Of course, we say that a lot :)

]]> By: Benjamin (Dex) Devey http://moneyning.com/retirement/avoid-the-financial-headache-in-retirement/comment-page-1/#comment-16175 Benjamin (Dex) Devey Tue, 26 May 2009 16:16:54 +0000 http://moneyning.com/?p=2980#comment-16175 Retirement may be the time when we are able to tap our highest productivity. If that's the case, every day is a pre-production stage to work on the game plan. Another point is not to wait for some day in the distant future to do the things that are most meaningful. Work toward a purpose now, while you further the goals that will fund your future plans. Soon, your future will catch up and make your dreams possible. Best Wishes, Dex Retirement may be the time when we are able to tap our highest productivity. If that’s the case, every day is a pre-production stage to work on the game plan. Another point is not to wait for some day in the distant future to do the things that are most meaningful. Work toward a purpose now, while you further the goals that will fund your future plans. Soon, your future will catch up and make your dreams possible.

Best Wishes,
Dex

]]> By: imDavidLee http://moneyning.com/retirement/avoid-the-financial-headache-in-retirement/comment-page-1/#comment-16174 imDavidLee Tue, 26 May 2009 15:47:06 +0000 http://moneyning.com/?p=2980#comment-16174 yeah..luckily i always do saving money else wil headache in future yeah..luckily i always do saving money else wil headache in future

]]> By: Rajeev Kumar Singh http://moneyning.com/retirement/avoid-the-financial-headache-in-retirement/comment-page-1/#comment-16170 Rajeev Kumar Singh Tue, 26 May 2009 13:40:57 +0000 http://moneyning.com/?p=2980#comment-16170 It is very imporatant to plan well in advance for one's retirement. One of common mistakes most people make is to think that retirement is a long ahead and they can plan for it later. But time runs like crazy for them and they find themselves stumped by time and find themsleves in financial mess at the twilight of their life. Please put some money in your retirement fund NOW. It is very imporatant to plan well in advance for one’s retirement. One of common mistakes most people make is to think that retirement is a long ahead and they can plan for it later. But time runs like crazy for them and they find themselves stumped by time and find themsleves in financial mess at the twilight of their life. Please put some money in your retirement fund NOW.

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