There's nothing wrong with seeking your avocation by trying different types of work or volunteering. But you can simply enjoy "not working" for the rest of your life! You've earned your retirement, and you have no further obligation to society beyond living a fulfilling life that does no harm. Working and volunteering are just two aspects of … [Read more...] about During retirement: Paying it forward
I've spent most of the last five months posting chapter excerpts of "The Military Guide". This post starts the last of the book's chapters. It could also mark the end of the retirement fairy tale: "And they all lived happily ever after." Right? Not so fast. If you retire in your 40s then your age demographic can look forward to a minimum of 30 … [Read more...] about During retirement: You will change. Your plans may change too.
Now that you're enjoying a stimulating retirement and exploring new horizons, what about "back to school"? A surprising number of retirees seek out the classroom, especially if they feel obligated to extract every penny from their GI Bill benefits. Some see school as an opportunity to make up for lost time: the education you could never afford or … [Read more...] about During retirement: Back to school?
You might have joined the military to see the world, but now you can do it all over again at your own pace. Vacation travel is expensive on a fixed schedule for short times at destination resorts. However, retirement travel and the "perpetual travel" lifestyle can exploit seasonal prices with longer stays. If you're qualified for military … [Read more...] about During retirement: where do you want to go next?
Now that you're taking better care of yourself, it's time to have fun with it. While you're designing an improved lifestyle for yourself you can also get a life. It bears repeating: retirement means that you're responsible for your own entertainment. This is especially true if you happen to have retired at a more senior rank, where you had a … [Read more...] about During retirement: rebel a little
Now that you're financially independent with more control over your time, it would be a shame if this "retiree duty" ended early from negligence. One of your new goals should be to maximize your longevity! Turn that goal into a plan and execute it. After years of denial and deferred gratification, it's tempting to spend all day in front of the … [Read more...] about During retirement: Healthy lifestyle
The first post of this series talked about small financial steps to take during the first few months of retirement. We'll close by considering how to handle your tax-deferred investments in the Thrift Savings Plan and what other adjustments you may want to make to your investments. When you leave the military, whether by separating or … [Read more...] about During retirement: take small financial steps (part 2 of 2)
When you're planning and saving for early retirement, your ER budget is only an estimate of your ER spending. It may be a very good estimate, and you'll adjust it as you get closer to retirement, but only when you're retired will you finally know what you're really spending. It's natural to keep a wary eye on finances during this huge life change, … [Read more...] about During retirement: take small financial steps (part 1 of 2)
As you blissfully go about your daily retiree routine, you'll be blindsided by an epiphany: "Gosh, I could do THAT job!" The realization could be triggered by anything-- a clerk's fumbling efforts at the home-improvement store, a chance encounter with a battle buddy, a news item about an old wingman, or a job posting on a website. The evidence … [Read more...] about During retirement: The inevitable job offers
New retirees have the time to sort out their options and settle into their new lifestyle, but they're still learning how they want to spend that time. It can take a few months to feel their way into a new routine with new activities. However, many charities and non-profit organizations have become experts at recruiting these inexperienced … [Read more...] about Volunteering for Charity or Neighbors