Be prepared for retirement before it happens, since it may not occur on your schedule. There are laws in place to prevent age discrimination but employers find ways to eliminate jobs of high earners who have been with the company for a long time, and they often offer early retirement carrots to encourage older folks to step aside. Don't get caught having to find another job at 60 -- it may be more difficult than you think.
Start early and make plans for the possibility of retirement by paying down debts and paying off the house. Be sure you own a good car since it may be more difficult to get a new one once you have no income. Think of something you like to do that will make some income each month and get started doing it to establish a business on your own. Develop new skills. Sell off items that cost money to maintain and save the money for retirement. Extra cars, boats, campers, equipment not being used and real estate that is not the homestead are some possibilities. Read more about preparing for retirement ten years early here.
Get your finances ready for retirement, and if the unexpected happens, you will be ready to enjoy your senior years without having to scrape and scramble.
See you soon!
Linda
cajunC
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