There is no shortage of bad news about retirement: The population is aging. Workers haven’t saved enough. Market returns will be lower going forward. Inflation is bound to return. Health care is expensive….
Many of you, even those who are relatively well prepared, are concerned about the prospects for your golden years, afraid to make the retirement decision. I have my own share of fears.
Yet, amidst all the dire news, there are rays of hope, good reasons to look on the positive side. Indeed, my own retirement — now more than three years old — has gone better than planned. Our assets are larger now than when we started out, and our life is even a bit more comfortable than expected. Having arrived in our 50′s after our share of hard work and sacrifice, we have unprecedented freedom now to do things exactly as we wish.
I don’t intend to let my guard down. We’re still watching our budget and living carefully in these initial years of early retirement. But it’s encouraging to be ahead of the game, at this point. So let’s explore some of the reasons why we, and you, can afford to be optimistic about retirement….