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4 steps to prepare for a secure retirement

I enjoy almost every aspect of cooking, from finding recipes to plating. (In fairness, does anyone really enjoy cleaning up afterward?)

I spend about 45 minutes planning, preparing, and plating a meal that takes my family of 4 about 20 minutes to eat. In other words, we devour what I make in about half the time it takes me to make it.

Source: 4 steps to prepare for a secure retirement
My Comments: Pretty insightful piece.

Meet Vicki Robin, the FIRE Early Retirement Community Idol

Vicki Robin literally wrote the book on retiring happy.

Vicki Robin had no idea she’d become a millennial icon.

The 72-year-old coauthor of the 1992 bestseller Your Money or Your Life was recuperating from a hip replacement early last year when a young man she’d met at a sustainability event months prior told her she was popular on a Reddit forum about financial independence.

Source: Meet Vicki Robin, the FIRE Early Retirement Community Idol
My Comments:  Very inspirational piece.  Search not for wealth but for life.

How to Retire on $500K In Your 50’s or 60’s

Yes, it’s possible to retire on $500K in your 50’s and 60’s. Here’s how to do it safely and stretch your dollars as much as possible.

Question: Is it possible to retire on $500K (i.e. $500,000) in your 50’s and 60’s?

Unfortunately, not all of us are great savers.  Most financial articles will recommend that you’ll need at least $1 to $2 million dollars in savings before you can even consider retirement.

Source: How to Retire on $500K In Your 50’s or 60’s – My Money Design
My Comments: Pretty good advice here.

Start planning now to care for elderly parents

A young carer holds the hands of an elderly woman in a residential home for the elderly in Planegg near Munich in this June 19, 2007 file photo. REUTERS/Michaela Rehle/Files

If you have an aging parent and want a glimpse of what the future holds, look no further than Leslie Glutzer.

The 66-year-old from Chicago has a mom who is 92, dealing with dementia, now living in a local nursing home. Those costs are not covered by Medicaid, so Glutzer and her husband are spending more than $5,000 a month from their savings.

Source: Start planning now to care for elderly parents
My Comments: Really good piece for everyone.

How to put a dynamic retirement spending strategy in place

Welcome to retirement at the beginning of the 21st century: People are living longer, return expectations are muted for the foreseeable future, and employer-funded pension plans are becoming a thing of the past. This is not your parents’ retirement.

One of the biggest challenges facing most of us is knowing how to spend safely in retirement. Spend too much and we risk outliving our savings; spend too little and we could miss out on many of the things we’ve worked and saved to enjoy.

SourceColleen Jaconetti of Vanguard
My Comments: Came across this gem, could not pass it up.  The comments are pretty insightful as well.