Retirement; like your parents, but way cooler
In 1991 Billy and Akaisha Kaderli retired at the age
of 38. Now, into their 4th decade of this
financially independent lifestyle, they invite you
to take advantage of their wisdom and experience.
Retirement Tips and Tricks for 2023
Retirement is real. Itís coming. A matter of time. There will reach a time you
will have to hang up your boots. Thatís why you need to plan as early as
possible. Having a solid retirement plan will cushion you in the future. Invest
in bonds. Remember, the future holds a lot of uncertainties. Thus, think about
your life after retirement. Save more. Invest in gold. Consider investing in
bonds. Precious metals are stable and can bear huge returns. Invest through the
U.S. Money Reserve. Read the review here
https://yourgoldiraguide.com/u-s-money-reserve-review/ before making an
investment. Use the following tips and tricks to secure your life after
Get Ready for Unplanned Retirement
Life is unpredictable. Circumstances might force you to retire early. Research
shows that most employees are forced to retire before hitting their target
retirement age. There are several factors that can contribute to your early
Itís therefore imperative to start making your retirement plans now. If youíre
aged between 50 and 60 years, start planning for your retirement. Even if youíre
still young, now is the perfect time to devise an emergency strategy for your
Address Debt Immediately
settle your debts. Itís always advisable to clear your debts while youíre
still at work. Prioritize eliminating any credit balances. Pay off your debt
before you retire. Prioritize clearing your car loans and mortgages as well.
Although itís difficult paying debt when youíre relying on a fixed income, you
should still try to ease your debt burden.
Plan for your health insurance. If youíre about to hit 65 years of age,
signing up for medical insurance. If youíre an American, donít hesitate
to sign up for the Medicare program. During your old age, you might spend a
lot of money on medications. But with comprehensive insurance, you wonít
incur major out-of-pocket costs.
In case you retire early, youíll have to purchase health insurance using
your own money until Medicare kicks in.
Increase HSA Contributions
Strive to increase your HSA (Health Savings Account) contributions. For
instance, if you began funding it two years ago, your contributions might
grow tax-free for the next three decades. And this will provide an excellent
pot of emergency funds later in life. HSAs generally offer unmatched
Learn effective spending strategies. Donít wait until you retire to decide
how youíre going to spend your money. Use the rules of thumb to devise an
effective spending strategy. Develop a plan based on real spending habits.
track of your spending habits. Create a realistic estimate of your
income requirements. Adjust your financial needs accordingly. For instance,
once you retire your commuting costs might reduce significantly.
At one time, everyone will retire. You will not have the same energy you
used to have during your youth age. Your output will reduce. If you want to
lead a good financial life, make sure you plan for your retirement. Use the
above tips and tricks to secure your life after retirement.
About the Authors
Early Lifestyle appeals to a different
kind of person Ė the person who prizes their
independence, values their time, and who doesnít
want to mindlessly follow the crowd.
Retire Early Lifestyle Blog
About Billy & Akaisha