Retiring abroad may seem appealing for a variety of reasons. Maybe you’ve always dreamt of living in a foreign land, or lately, the cost of living in the US made you think of looking outside the US boundaries. No matter the reason, you aren’t alone. Over 700,000 Social Security checks are sent abroad, so there are a lot of other people making this same decision. However, before diving in yourself, consider these factors before retiring outside the United States. Look…
Category: Retirement Planning
Downsizing Homes in Retirement
There’s a lot to consider before you retire, which is why I wrote a book called 65 Questions to Ask and Answer Before you Retire. In it, I go over 65 questions that you at least need to consider before you finally call it quits. Downsizing homes in retirement may be one decision you make to save on expenses, live a more nimble lifestyle, and make your retirement income go further. Before you downsize though, consider these factors to make…
How do you know you’re ready to retire?
How in the world do you determine you’re actually ready to retire? Is it an actual age? Is it a dollar amount? Or is it something else? I personally think it’s a combination of factors, and I went over 5 of them in a recent episode of my podcast. If you want to listen to the full thing, click here: https://open.spotify.com/episode/1iF62oa4T8wAQvCWx1usSU To give you a little preview, here are 5 essential factors I think you should be reviewing and planning…
Top 5 Retirement Planning Mistakes
You work hard for 30+ years hoping to enjoy your retirement. But if you make some of the top retirement planning mistakes, your so-called golden years may not be so golden. Understanding how to plan for retirement and the mistakes to avoid is important if you have your eye on a stress-free, comfortable retirement. Check out the top mistakes most people make and what you should avoid. Not Planning for Taxes A lot of people think that planning for taxes…
How to Know you’re Ready to Retire
How in the world do you determine you’re actually ready to retire? Is it an actual age? I’ve met with some people who feel like once they hit 65, it’s time to retire. For other people, they feel like once they hit a certain dollar amount in their investments, then that’s when it’s time to call it quits. Now neither of those answers is necessarily wrong. In fact, given other circumstances in your life, that age (or dollar amount) may…
Should You Have a Mortgage In Retirement?
As you head into retirement, a lot of focus is rightly on how you will be able to generate an income once your working days are over. However, we can’t neglect your expenses, and one of the biggest and most important expenses is your mortgage. Should you have a mortgage in retirement? When does it make sense to keep it, and when does it make sense to pay it off, potentially early? For a number of reasons, many homeowners aim…
4 Questions to Ask Yourself Before Retiring In a Different State
I speak with a number of people every week who are really close to retirement, and often they are looking to relocate and try someplace new to live. I personally love this idea, as I like to travel quite a bit. However, it’s important to do your due diligence on any new place you move to, especially when you’re about to retire. My newest podcast episode is all about that. I go over 4 Questions to Ask Yourself Before Retiring…
Betting On Yourself
Did you catch the guy running on the field of the Super Bowl? Near the end of the boring blowout of a game, some bozo ran into the middle of the field to get his 10 seconds of fame. At first I didn’t think much of it, but my friends Jeff + Pete later told me that there was more to the story. Apparently, the guy had bet money that someone would run on the field during the game, and he stood to make…
My Awful Morning
I have been spending this month in Prescott AZ, about an hour and a half north of Phoenix. Even though it’s close to hot and dry Phoenix, they get all four seasons here – including a huge snow storm the last couple days. At first I was excited for the change of pace, but then reality hit me: I was born and raised in sunny California and have no idea how to drive a car in snow. It wasn’t a…
Need a Break From CNN, Fox News and Your Facebook Feed?
Around 9 months ago, I was introduced to a personal development speaker named Jim Rohn. I’ve mentioned him before in some of my videos and emails, but if you haven’t heard of him, I would definitely recommend looking up his books/speeches (after you finish reading this email, of course). Anyway, Jim was diligent about encouraging people to be very mindful of what information you allow into your mind. He saidyour mind was a mental factory, and whatever ingredients you put into…