I hope your retirement experience is easier then mine has been. My husband and I recently found out if he does not retire we will loose some of the benefits he has worked for 33 years to get. So he is in a way being forced to retire at a young age.
With this surprise we have found many decisions that have to be made and since these will affect us for the rest of our lives they are important ones.
Do we take advanced payments or not? We decided to sign up for them since they will give us more money now and less when we can get social security. It is figured out so you have the same amount of money every month all the rest of your life.
So over all we are going to be making less money. Money is going to be one of the biggest problem we will need to deal with once we are retired. With this reality we realize that we need to cut back on our expenses dramatically or possibly find jobs to take over the lack of money. How are we going to do this?
We could find a cheaper place to live for one thing. We do not live in an expensive place now so this is going to be hard to do. We can also refinance our car, if the bank will let us and that may help save some money. We can not cut back on much else since we already have with the economy the way it has been.
Finding a job would be a challenge since we are now old and employers would rather hire young people with more energy. We realize that we are old and starting a new job will be difficult at best.
With old age our health is not as good as when we were young so we also will be spending more money on medical expenses. Figuring out anything medical is a nightmare.
We have been seeking advice from our friends who are already retired and they all say the same thing to us. It will all work out and you will figure out your own path.
I think it is different for everyone and we all must find our own way through a difficult time.
The best advice I have is find out what your problems are going to be and then figure out how to fix them. Since it is different for all of us the solutions will be different as well.