Fully embracing retirement requires some serious mental gymnastics. For most of us, reaching retirement represents the culmination of years–often decades–of diligent saving. Then, almost overnight, we’re expected to switch gears entirely, and seamlessly transition to a mindset of spending. As a result, retirement brings about two equally painful ironies that need confronting. Our ability to fully embrace retirement hinges on
Ah retirement–the period in life best known for some well-deserved leisure and relaxation. At some point we’ve all caught ourselves thinking about the flexibility and adventures we’ll have once we’ve stepped away from working life. The million dollar question (sometimes quite literally) is how much flexibility will we have, and how extravagant will our adventures be? Taking place under the
Choosing when to retire stands as one of the more significant financial decisions we’ll ever make. Despite meticulous planning, outside forces will inevitably play a role in determining our retirement experience. Take, for instance, two couples: one choosing to retire at the dawn of 1974, while the other opts for one year later, at the start of 1975. Assuming both couples
