It wasn’t that long ago that AARP began stalking me. At fifty years of age, I wasn’t quite ready to think about aging or retirement. I figured that I had another fifteen or more years to become debt-free and save for supplemental retirement income. That’s plenty of time, right???
About three years ago I became disabled from work, still not having done anything to tackle that debt nor save for retirement so it was a definite reality check as my household income plummeted by more than half, overnight.
There are some amazing books out there that I highly recommend whether the information is for you or family members in or approaching retirement that can help uncover information that can make the impact of reduced income less painful. NOW is the time to learn as much as possible, although it is important to note that information changes frequently from dated books such as those pictured from my personal collection.
Did you know that when working people do not elect Medicare when eligible (age 65) that they are penalized with higher premium payments when they do leave the workplace? Yeah, we didn’t either.
Social Security is not allowing us to be very social and there’s not a whole lot of security either!
NOW is the time to put aside time and money to invest both resources as wisely as possible. Looking for tips and tricks? Please enter your questions and contributions in the comment section below.