The Beginner’s Guide to an Organized Retirement
As I celebrate my 60th birthday, I find myself thinking more and more about retirement. I need a beginner’s guide to organizing my retirement. My blog is about getting retirement ready one step at a time. Focusing on getting organized, seeking knowledge, figuring out all the details, creating a plan and keeping track of everything. But I also weave in family and travel topics. Especially related to the sandwich generation, aging parents and multi generational travel.
I’m a single mom to 2 adult children and I don’t want to be a financial burden on them. I’m navigating this journey on my own, but not alone! This is where you come in! My goal is to be empowered and secure in my retirement and I want to be knowledgeable and in control. I don’t think I’m unique. Are you worried about being ready for retirement?
What is an Organized Retirement?
For me, there are many questions that I need to answer to get ready for retirement. I need a beginner’s guide to an organized retirement and a plan. And it isn’t just about the money. However the financial piece is the foundation for my ability to retire, timing and my ability to do the things that I want. Are you able to answer these questions?
- What do you want to do for the rest of your life?
- How do you want to spend your time?
- Will you be healthy enough to do what you want?
- Where do you want to live?
- When can you realistically retire?
- And most important…. Will you have enough money?
How to get started with an Organized Retirement
There is a lot of material written about retirement and finances in retirement but most of the material is geared to couples. I know there are many other women (and men), like me, who are preparing for solo retirement and I want to share my journey with you. Some of the topics we’ll explore are:
- What are the key milestones and dates that I need to be aware of?
- When can I retire? When should I retire? Will I miss working?
- Where are my assets?
- How can I keep track of and check in on my investments?
- How do I create a retirement budget?
- What are my sources of income?
- What tools will help me get ready?
- And many more!
Tips for Success to be Organized for Retirement
- Tackle small tasks to get ready for retirement. I’ll help you with the roadmap.
- Knowledge is power! I put a lot of my retirement planning knowledge gathering on the back burner, but I can no longer ignore it.
- Take ownership of your plan.
- Know where you are at, where you want to be and develop a plan for how you are going to get there. That doesn’t mean that things won’t change or life won’t happen, but you can react better if you have a plan.
- Take care of you.… as Julia Roberts says to Kit DeLuca in Pretty Woman.
- Amy Poehler in Yes Please said “Good for Her! Not for Me. That is the motto women should constantly repeat over and over again. Good for Her! Not for Me.” What works for me might not work for you and vice versa.
- Question1: Is getting ready for retirement the same as retirement planning?
- No. Retirement planning and financial planning is typically focused on money and investments. We’ll focus on gathering knowledge and tools so we are aware and prepared.
- Question 2: Am I a financial planner?
- I’m not a financial expert but I’m on a journey to prepare for retirement. I’d like to share my knowledge with you. The content on AnOrganizedRetirement.com is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor.
- Question 3: How long will it take to get organized for retirement?
- It depends on how much work you have already done. My goal is to explore a new topic every other week so I’m making progress but not totally consumed with getting retirement ready.
- Question 4: What if I live outside of the US and am looking for retirement readiness information.
- I’m based in the United States, so my knowledge gathering and planning will focus on retiring in the US. But many of the concepts around understanding your assets and liabilities, compiling a post retirement budget, etc. are universal concepts.
The Last Thing You Need to Know about being Retirement Ready
Fidelity Investments found that “Today, more than 85% of women are worried about their finances — across all backgrounds and income levels.” I’m so excited to dive in, learn, get organized and explore my options while creating my plan for retirement and I want to help YOU! I hope you’ll join me on this journey, create your plan, and share what you learn too. What is your biggest retirement challenge?
Cheers to Super 60! Let’s get started!