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When you graduated from school and began your working life, was retirement already on your mind? If you are like many people out there, it most likely was shoved to a dark corner of your mind as more immediate needs and wants lulled you into a false security that you had plenty of time before needing to save for the future. Then, before you know it you’ve hit your 40s or 50s and come to the realization that you are not prepared to retire at an age when you originally thought. Thankfully, Tom Hegna is sharing some awesome tips to help everyone prepare for retirement with Don’t Worry, Retire Happy™.
Right now, there are approximately 78 million baby boomers who are approaching retirement. My husband and I figure that we are still many years away from a full retirement. Even after Social Security kicks in for us, we assume that one or both of us will most be working at least part time after that to supplement retirement income given the rising cost of living and the need to have anywhere from 50 to 80% of our pre-retirement income to meet our needs. And, those needs include some ‘fun’ money to get out and enjoy our golden years!
I highly recommend watching the Don’t Worry, Retire Happy™ TV special on your Public Television station. This will be airing as a fundraiser for your local station and you will have the ability pledge to receive a copy of the DVD or book + DVD. After watching the show you will come away realizing that you do have the time, financial resources and courage to retire happy. And, you’ll understand that only YOU can define what your retirement will look like.
The show and the accompanying book for Don’t Worry, Retire Happy™ presents 7 Steps to Retirement Security.
- Have a retirement plan
- Maximize social security benefits
- Consider employment after retirement (hybrid retirement)
- Protect your savings from inflation
- Secure lifetime guaranteed income
- Plan for long term medical costs
- Use home equity wisely
Although I’ve looked at retirement issues in the past, I found this program to be full of great information I hadn’t considered. I now see why my mom is worried about my long stretch away from employment as Social Security is still the largest asset people have. The less I’m paying in now, the less I’ll have to collect on the backend. Like many Americans, we’ve sometimes taken the wrong approach of buying items that depreciate in value instead of paying ourselves (saving) first. And, we have not looked at opening an annuity with a guaranteed payout which is a recommended method for covering basic expenses during retirement.
Tom Hegna concluded this program by sharing just how possible it is through the example of a woman who found herself divorced and with little savings in her 50s. Through careful planning and taking action towards her goals, she is now better off financially in retirement than she was at the time of her divorce.
Honestly, I would be shocked if someone were to watch this show and not walk away with more information and the desire to create the retirement of their dreams. I know that I want retirement security and the ability to get out and enjoy life while I am still physically able. That means I need to do a bit more retirement income planning now. Then I can make my bucket list of places to visit and things to do so I might fully enjoy my life.
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This blog post on “Don’t Worry, Retire Happy™”: The 7 Steps to Retirement Security”, is sponsored by State Farm®. I accepted the opportunity to participate and want my readers to know that the opinions and statements expressed in this post are completely my own.