Manage your retirement or you will be wasting
the best years of your life!
Retirement for most people ranks among the top life-changing events. However,
it generally ranks as one of the most misunderstood and poorly planned events. It seems that nearly everyone can’t
wait for retirement – that period in life when “one can do whatever one wants to do whenever they want to do it.”
This is an over-simplified and inaccurate image that, for those who are ill-prepared, results in unmet expectations, disappointment and
boredom. For others who are seeking maximum contentment, fulfillment and enjoyment, one needs to treat retirement with
the same preparation, planning and continuous assessment/readjustment as one does in the management of their career or other
This website (RetirementMgmt.com) is written from the perspective of a recent
retiree who has and is learning as he goes, having made several good and several bad decisions along the way. I am not
an investment advisor, although I’ve conferred with many of them, nor am I an expert in any one of the areas that this
website covers. However, as an engineer, technologist and mid-level manager (with over 30 years of management experience),
I have attempted to objectively study retirement and develop a series of explanations, conclusions and recommendations.
This material/information and the rules-of-thumb presented here are most relevant
to middle and upper income retirees or soon-to-be retirees, but much of it is universally applicable. It covers the
3-5 year period prior to retirement through the first 5-10 years of actual retirement. The information is for general
information purposes only. It is based on a combination of research and personal experience as well as some input from
financial professionals. Please conduct your own research before accepting my recommendations or advice. Also,
you may wish to contact an independent financial professional for alternative input and solutions regarding your specific
Major topics addressed in this website are ones that were most relevant to my
early years of retirement and are probably relevant to your situation as well. The topics are shown on the website's
"Contents" page. Subjects are presented in chronological sequence as follows:
- Retirement Planning covers goal setting, saving for
retirement, budgeting and timing.
- Retirement Investing describes the various financial instruments used to achieve your contemplated retirement
lifestyle, including 401k's, IRA's, annuities, brokerage accounts, CD's and US Treasury securities.
- Retirement Expenses provides perspective
on the changes in expenses that you'll experience in retirement. These include taxes, debt, health care
Income describes the probable many sources of small (relatively speaking) incomes that collectively replace
your regular employment checks. These include pension, social security, dividends & interest, annuities, investment
fund withdrawals, rent & royalty income, part-time employment, etc.
- Retirement Living addresses retirement location/environment, second home ownership/residency,
second career, and vacation/travel.
Planning provides information on how to protect your assets from the IRS through wills, trusts and life insurance.
The subject of Retirement Management encompasses a wide range of topics and mountains of
information available from numerous sources. While my intent is to provide most of the basic information that you need
to get started, this is obviously not an exhaustive study on retirement and does not cover all topics that you need to understand
to retire successfully. However, it attempts to provide clear and abridged information on a variety of important subjects,
sufficient to get you started on the adventure of a lifetime or to serve as a general reference in retirement. (I personally
reference my website when I need a quick answer to a general question.)
This website culminates two to three years of research and development on a part
time basis (as my thoughts and curiosity motivated me). It is maintained on a non-profit volunteer basis and is updated
as I learn new concepts and ideas that I believe may be important or of interest to retirees or future retirees (the rest
of you). I do my best to maintain current information, but due to the rapidly changing environment (and IRS tax law
changes), some information may have changed since it was published. Also, please keep in mind that there are many different
alternative scenarios to planning and executing one’s retirement strategy, and each of us has unique circumstances and
differing amounts and sources of income to invest. So quit procrastinating and get started on your own retirement planning
My hope is that you will find this information useful and informative.
If so, please go to the "Contact Us" page and drop me a line. If you feel that I've missed an important topic,
or if your quest for the perfect retirement has discovered important information that needs to be shared, please let
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Retirement is a commencement
for the adventure of a lifetime. It is not the end but a new beginning full of excitement and joyful experiences.
You are no longer shackled by the demands of an employer or timetable that dictates when you sleep, when you eat, when
you have free time. You earned it and paid the price, now it’s your time to be free and pursue any
avenue or experience that brings you satisfaction. Just go for it and live your life to the fullest!