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How To Retire--Financial, Social

Updated on May 4, 2014

Enough Time and Money to Enjoy Live

head for the water
head for the water | Source
What we need to live
What we need to live

A Look at Retirement

Retire is a strange word with a variety of possible meanings. At first you might think it could mean to retire your car.

How many of us really retire in the true sense of the word? I always thought of retirement with a gold watch and a pension you could live on comfortably the rest of your life.

Seniors would all be in pretty good shape if they at least got the second part of that equation-retirement income to last forever. Many of us basically just quit working at some point and left a job or a business, or decided to find a new way to make money. New businesses and jobs starting after leaving the primary job are often referred to as retirement jobs. Many of these jobs and businesses are way tougher and more challenging than the original work or career, and unfortunately not nearly as lucrative. When my husband tells people he has retired I always think to myself, who is he kidding? Not that he hasn't always worked and he was involved in an excellent profession in his work years. He has worked with me in my business and has worked in some different retirement jobs. It goes back to that gold watch thing. However he did buy me a gold watch many years ago, so maybe I will re-purpose the watch and call it a retirement watch. Unfortunately there is no pension to go along with the watch.



Fixed Income

You always hear about people living on a "fixed income". Unfortunately today not many of our expenses are fixed ,and many of us have gone through adjusting to living on way less money.

As we speak, food and gas prices go up, not to mention insurance, taxes, travel, utilities and everything else we live with. For those who have counted on their cozy little nest eggs--many nests have all but disappeared. and there are far fewer eggs. It is a challenge cutting back on spending with fixed expenses. Many are trying to cut back on food, driving, and cutting back on any unnecessary purchases. Many of us are looking to doing less loads of laundry, hot water use and are learning to be creative with leftovers and serve more economical meals.

What About Time

You may have noticed that retired people are frantically busy, and often more so than when they worked. However, not in the same way. Time has taken on new dimension. FIfteen minutes used to be like two hours, and two hours is now like 15 minutes. When you were in the working world and you had fifteen free minutes you could accomplish two hours of work. When you are retired two hours often does not seem like enough time to accomplish 15 minutes of work. I realize there is a bit of an exaggeration here, but you get my point.

Hopefully in retirement we get to spend our time in doing what we want. Of course we have obligations and things that have to be taken care, but more free time for recreating. Writing for HubPages has helped me organize my time much more productively and I like that sense of being busy and getting things done more quickly like I used to.

Many ways to spend retirement days

get together with friends
get together with friends
go online at the park
go online at the park

Retirement Communities

Many retirement communities have non-stop activities available to the residents. And you can book yourself for 10 hours a day with crafts, sports, parties, lunches and more. I personally am most happy with few planned activities. One of the nice things about not going to work is being able to do what you want with your time. I make my list everyday and try to follow it but I don't get upset if I don't accomplish everything on the list. I love having something productive to do and getting paid for it. We still need a sense of accomplishment in our lives one way or another.

Peace and Happiness

Feeling peaceful to me is one of the best feelings in the world. Lets face it we all have many challenges in life, and retirement may not always the easiest time. This is where we are and we always have the choice of being happy or not. I have seen people with little possessions always cheerful and happy and the reverse, people with tons of money and possessions always complaining and unhappy. When I wake up in the morning I look forward to my first cup of coffee, sitting at my computer and writing, joining my husband for breakfast and looking forward to the day. I can stay home all day and putter, go out or just do whatever I want. Having the choice of how I spend my time makes me very happy. To me this makes retirement the best days ever.

Another Chapter in Life

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    • Suhail and my dog profile image

      Suhail Zubaid aka Clark Kent 4 years ago from Mississauga, ON

      Very informative hub indeed.

      Although I have been saving for retirement for few years, I have recently joined insurance company in its regulatory compliance area and have discovered that all of us need huge amount of money for retirement . I have started late on savings but that is what I am doing proactively now.

      I would like to have complete retirement at 65 or earlier. I hope I can make it and live a bit longer after that to travel to my dream destinations. I do realize that my dream travel destinations and activities (e.g. hiking with my dogs on Appalachian Trail, hiking in Yellowstone, etc.) may change at that stage :-)

    • prettynutjob30 profile image

      Mary 4 years ago from From the land of Chocolate Chips,and all other things sweet.

      Great hub, voted up and shared, I told my hubby when we get older we are going to sale the house and get an RV and just drive.

    • Suzie HQ profile image

      Suzanne Ridgeway 4 years ago from Dublin, Ireland

      Hi Carol,

      What a great perspective on retirement you have given. My dad retired over 10 years ago and has been living and loving life to the full and why not, he deserves it. Retirement is something I hope to enjoy whenever it happens and would love to be able to embrace and enjoy it as you and your husband are doing! You, I have to say, are such an active person it is hard to equate you as retired because in my mind you are not with all your writing and networking with new ventures ahead. You are truly an inspiration and thanks for sharing this! Voted up, useful, interesting and shared!

    • carol7777 profile image
      Author

      carol stanley 4 years ago from Arizona

      thanks for dropping by. I always enjoy a visit from you. I think we adjust to new things in each stage of life. And they certainly all are different. Why not be happy..life is short.

    • Rolly A Chabot profile image

      Rolly A Chabot 4 years ago from Alberta Canada

      Hi Carol... retirement is great after a year and a half of writing fulltime it has been wonderful. If the plan is to just sit in front of the TV well you will get old quickly. There are many things a person can do to help others along as a volunteer. The way I look at it I have taken from this life for a long while and it is a blessing to be putting something back.... Glad you and hubby are having fun... well deserved.

      Hugs from Canada

    • carol7777 profile image
      Author

      carol stanley 4 years ago from Arizona

      it is never easy....especially today. Everything is expensive and seems to be going up. We can always have some fun together and enjoy life. You are so right about young people..they really have to think about retirement..no more pensions and gold watches.

    • carol7777 profile image
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      carol stanley 4 years ago from Arizona

      I know that life is tough for many and making sacrifices etc. Why are there so many people buying fancy computers, nike shoes.....etc..Probably not paying their electric bill. Thanks for stopping in and sharing...Always so good to see you..You make me laugh!!!!

    • carol7777 profile image
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      carol stanley 4 years ago from Arizona

      Btrbell: thanks as always for joining in with lovely comments. sharing and up votes. retirement is great but as with everything in life it has its challenges.

    • ImKarn23 profile image

      Karen Silverman 4 years ago

      Sigh..i'm thinking my only hope at this stage is to marry well! Lol..i'm kidding! on the other hand - my well thought out plan is to live off my hubpages earnings...that's about 50 bucks every 8 months...

      good enough, no?

      lol..i'm just being a smart ass about a very serious topic - i see just as many parents going to live with their children - as i do children going back to live with their parents..

      it's an wild world, my friend..

      voting up and sharing forwardxx...

    • tillsontitan profile image

      Mary Craig 4 years ago from New York

      Carol, the eggs are broken....I've been retired for a few years...not by choice, I was forced out, and my husband took an early retirement after driving a truck for over 30 years. Retirement....now retirement means, cutting back on spending, watching every cent and hoping you'll make it to next month's check. However, it can also mean more time spent together (with family) and more time to do things you want, like HubPages.

      You thirty-year old's better have a 401K or something to stash money away as it doesn't seem things are getting any better.

      I voted this interesting hub up, useful, and interesting.

    • btrbell profile image

      Randi Benlulu 4 years ago from Mesa, AZ

      This is a great hub, Caro;. Working with so many retired people, I am often shocked when I meet the ones who are actually "living the life" by going on cruises and "playing" everyday. It is more common to see people working or struggling unfortunately. Thank you for putting this information in a good, clear hub! Up+ and sharing!

    • carol7777 profile image
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      carol stanley 4 years ago from Arizona

      Being retired is a different way of life. And you have to enjoy the fact that you are just as busy but with different things. And as I said we allot more time to do things. When you are working it is always frantic. Thanks for stopping in to comment...So appreciated.

    • pstraubie48 profile image

      Patricia Scott 4 years ago from sunny Florida

      This is a good concise peek at being retired. I have been retired for one year and am loving it. I was concerned that I may not have enough to do to fill my hours. I now have time to do the things I have always wanted to do but did not have the time: crafting, much more time for gardening, inside and on the porch, more active in my church, and HubPages, not to mention my passion: my two grandboys.

      It is a different world..but oh, how I love it. Thank you for sharing this with us Carol. :) sending Angels your way ps

    • carol7777 profile image
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      carol stanley 4 years ago from Arizona

      Hi Christy: Thanks for dropping in ..and I know retirement is a long way away for you. Always good to see you. Been busy and thinking about returning soon...that is to writing. I have kept up with commenting..though not quite as much.

    • carol7777 profile image
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      carol stanley 4 years ago from Arizona

      rebeccamealey: Thanks for stopping in for a visit. It is always nice to see you.

    • ChristyWrites profile image

      Christy Birmingham 4 years ago from British Columbia, Canada

      Hi Carol :) You are so right that the word retirement is a strange one. I had not thought of that before. I am glad you are keeping busy and hope all is well xx

    • carol7777 profile image
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      carol stanley 4 years ago from Arizona

      Thanks for stopping in for a visit. It is about being resourceful.

    • rebeccamealey profile image

      Rebecca Mealey 4 years ago from Northeastern Georgia, USA

      There are so many ways to make extra money if one just looks. Thanks for sharing an interesting perspective on retirement!

    • carol7777 profile image
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      carol stanley 4 years ago from Arizona

      Thanks for stopping by. And lovely comments. Keep up the writing and you will do well here. Look to the community for answers..They are all great.

    • ARUN KANTI profile image

      ARUN KANTI CHATTERJEE 4 years ago from KOLKATA

      Having retired recently I find the article very interesting and informative. I now keep myself busy to avoid annui & I have found out Hub pages for extra income and good company.I look forward to seeing such excellent hubs time and again. May I request you to read my hubs and comment thereon. Thanks

    • carol7777 profile image
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      carol stanley 4 years ago from Arizona

      Thanks for lovely comments. And thanks for votes and mostly dropping by. Always nice to have you visit.

    • CyberShelley profile image

      Shelley Watson 4 years ago

      Very good article, it is so important that people keep busy and continue to feel that they are making a contribution and earning extra to boost the pension fund. It can be a very scary part of life if one has not planned enough or correctly. Love the sail boat idea, would suit me living on a river. Voted up, interesting and useful

    • carol7777 profile image
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      carol stanley 4 years ago from Arizona

      thanks so much for your thoughts and ideas. Thanks for stopping by and sharing. Retirement is different than our working years. I have two sites I write for ..one I get paid per and Hubpages. I paint, ride bikes, cook, read, hike, and love to play poker..So my interest table is full. Thanks again for your thoughtful response.

    • PegCole17 profile image

      Peg Cole 4 years ago from Dallas, Texas

      Carol, I loved this sensitive and thought filled hub. Adjusting to losing a "main" job is difficult also because we are associated with what we do. That was the most uncomfortable part for me when I moved out of the corporate pressure cooker to "retirement". When you meet new people, the first thing they ask is "What do you do?"

      I started a retirement business with the hopes of transitioning to that source of income, but like you said, ended up working harder at that than the real job.

      What you said about saving money is so true, Carol. But the only way to encourage people to save money is to raise the interest rate. When we were kids we got 5 percent interest on passbook savings. Now people earn less than one percent on Certificates of Deposit. Until the bank decides to reward people for saving money it isn't likely to encourage savings accounts, although that is what we all need to be doing. In contrast, to borrow money (or use a credit card and not pay the entire balance every month) is costing people 18 percent interest and more. Upside down finance.

    • carol7777 profile image
      Author

      carol stanley 4 years ago from Arizona

      Thanks so much for sharing all of this. I love to know how others deal with life and challenges. Trying to be frugal is a challenge. I was thinking this morning..sometimes we go out for breakfast on Sunday, but didn't..saved 20..00. And eating at home is healthier for sure. Thanks for kind words, voting up..And mostly thanks for dropping in...Always good to see you.

    • Happyboomernurse profile image

      Gail Sobotkin 4 years ago from South Carolina

      You make a lot of important points in this thoughtful hub.

      I have been retired for a few years now and love the freedom that it brings to spend more time with loved ones and friends and to choose what activities to engage in, such as writing on HubPages and doing lots of inexpensive, fun things like having picnics in the park, bike riding, taking nature walks, kayaking and attending free lectures and concerts at local libraries and beaches.

      Hubby and I try to be frugal with spending but as you say, inflated prices for food, medical and other necesities have been going up, and for seniors it feels like they're going up much higher than our government says, so that is a long-time concern. I don't dwell on it though, preferring to savor each special moment that I currently am blessed with.

      Voting this hub up, useful and interesting.

      Hub Hugs,

      Gail

    • carol7777 profile image
      Author

      carol stanley 4 years ago from Arizona

      Sounds like you have things under control. Life is never easy..and with your good attitude you will fare just fine. Thank you for stopping by and sharing your story...ANd good luck with everything.

    • pstraubie48 profile image

      Patricia Scott 4 years ago from sunny Florida

      Hi Carol Good read...thanks for sharing...

      I retired a year ago due to my daughter's illness. And I wondered how my life would change. This hub gave me an idea for one so I may write about my experience.

      I am busier than ever and loving every minute of it.

      And I am on a fixed income but thankfully am fine in that respect. Of course the cost of living keeps going up so it takes more each year to live the same way we did just 12 months before so I do have to be cautious. Thanks for sharing this with us.

    • carol7777 profile image
      Author

      carol stanley 4 years ago from Arizona

      You must have been pretty shocked at the gift certificate..we know 100 doesn't buy much these days. Good think you got a new business going...There are always solutions when we look for them. Good luck with all of it.

    • sgbrown profile image

      Sheila Brown 4 years ago from Southern Oklahoma

      Hubby retired from Michelin tire plant after 31 years and his "gold watch" was a $100. gift card. That's right. One Hundred dollars! In a gift card yet! I can't draw my retirement until I am 65 as I quit my job after 15 years. Burn out was killing me! We started our vending machine business just before hubby retired, thank God! The income from that makes life a little more comfortable. I am writing here on HubPages for a little additonal residual income. Great hub! Up and useful! :)

    • carol7777 profile image
      Author

      carol stanley 4 years ago from Arizona

      Not a problem....Yours also.. I finally got one of yours the other day..I assume I have missed a few. I really don't like the word retirement..I do think of a retreaded tire. However you are just retired from your original profession and that is how I look at it. Think about it..you probably work more hours per day than ever, but still have some choices as to when you put the hours in. And get to work in the comfort of your home with a favorite cup of tea or coffee...It is pretty cool.

    • billybuc profile image

      Bill Holland 4 years ago from Olympia, WA

      Interestingly I'm not getting any notifications of your hubs....don't know what's up with that, but I see a missed a couple. Anyway, retirement?? Don't have a clue what that means, but you did a good job explaining it for those who can actually retire. :)

    • carol7777 profile image
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      carol stanley 4 years ago from Arizona

      Can be true!!! I always enjoy being busy, however I can take an hour off and read a favorite book...No problem doing that. That is why getting up early for me is great. I accomplish so much between 4 and 7...However, hopefully we have some choices about what we do. Thanks for dropping by.

    • Millionaire Tips profile image

      Shasta Matova 4 years ago from USA

      I always thought retirement was wen you didn't work, but could go on vacations and cruises and do hobbies and whatever you wanted with your time. I have since learned that it isn't so simple. You want to remain productive, and like you said, sometimes you wind up working harder in retirement than you did before!

    • carol7777 profile image
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      carol stanley 4 years ago from Arizona

      Thanks for sharing your journey. The good news is that you get used to this not HAVING to what you WANT to do. My guess is that it will take you about three weeks..let me know on that. I have had businesses most of my adult life interspersed with some ridiculous jobs. I love getting up and writing, painting, and doing what I want. I still get up at 4AM as I write best in the morning. Keep writing and the money will come in. It is a new journey and chapter. Keep me posted.......Thanks so much for stopping by.

    • Wayne Brown profile image

      Wayne Brown 4 years ago from Texas

      I filed my formal retirement papers last week with a target of year end for retirement. 35+ years is enough and I am tired of wrestling that particular bear although I still like what I do. It is just time for me to focus on other things. There are fears associated mostly with the unknown and the loss of a "habit" that I have had for a long time...going to work each day. But there are also some things that I look forward to doing to fill that time. My writing will certainly get more focus and I will have the luxury to spend as much time as I need rather than pick it up and put it down hoping to not lose the inspiration along the way. My sister wants me to do a book and I have promised that I will have a go at it. I am working on a novel now and have found that it is difficult to hang on to the ideas and storyline when I have to lay it aside for work...so that will get a bit more focus. If I lose my muse then I have the flexibility to fill my time in other ways...a part-time job, volunteering, or maybe even another crazy trek through my genealogy. Lots of possibilities as long as the money does not run out....always a fear. ~WB

    • carol7777 profile image
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      carol stanley 4 years ago from Arizona

      Thanks Lindacee for dropping in. I still like making extra dollars..I have some expensive habits to feed..(healthy ones)....I love having my own little spill over of money. We have all made bad decisions..many on our part. Thanks for the UPs.

    • lindacee profile image

      lindacee 4 years ago from Arizona

      Gosh, I hope to retire someday. Given a few unfortunate business and real estate decisions, that dream has all but vaporized. My husband always jokes that he's waiting for that bucket of money to fall from the sky -- I guess until it does, I'll be in the workforce in one capacity or another! Regardless, I enjoyed your Hub and voted it up, useful and interesting! :)

    • carol7777 profile image
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      carol stanley 4 years ago from Arizona

      You are so right, and I think about people who either lost what they had or didn't plan well. Sometimes people have just enough to get by and prices rise. And you know they are rising daily. I think people are more savvy today about all of this or I hope so...and the government cannot take care of all these people and so many of them need help. Thanks as always for your insightful comments and voting up.

    • rajan jolly profile image

      Rajan Singh Jolly 4 years ago from From Mumbai, presently in Jalandhar,INDIA.

      Can we ever retire Carol? I don't think so! Not in the literal sense of the term. Prices will keep rising, expenses will keep mounting, including unforeseen medical expenses, that pop up frequently as we age. It is such a paradox that in the twilight years when the aged need to work less because of the physical decline in capacity to work and health issues, I find many of them working harder just to sustain themselves. It is a very real issue in the developing countries with no social security worth the name for those in the middle class and lower rungs of the ladder.

      Saving regularly, as you suggest is a great way to offset the effect of rising inflation to some extent.

      Wonderful and interesting hub.

      Voted up, interesting.

    • carol7777 profile image
      Author

      carol stanley 4 years ago from Arizona

      You are so right...I do like to have a routine but I can break it anytime I want. I still get up at 4:30 and write and get things done..Afternoons are a bit lazier. thanks for dropping by and we can enjoy our upside down time.

    • Lipnancy profile image

      Nancy Yager 4 years ago from Hamburg, New York

      I understand what you mean about time being upside down. Now that I have decided not to have a job, everything seems to take longer. But I have to admit that it is nice to stand in the Wal-Mart line in the middle of the day and not care how long it takes. Just relax, enjoy and remember there are no deadlines anymore.

    • carol7777 profile image
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      carol stanley 4 years ago from Arizona

      Thank you so much..Thanks for the visit and lovely comments.

    • Eiddwen profile image

      Eiddwen 4 years ago from Wales

      So inspirational Carol and here's to so many more for us both to share on here.

      Eddy.

    • carol7777 profile image
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      carol stanley 4 years ago from Arizona

      thanks for the visit. And kind remarks. Every phase in life has its ups and its many challenges.

    • samnashy profile image

      Sam Graham 4 years ago from Australia

      Great hub. My mum is retired but such an inspiration. thanks Carol.

    • carol7777 profile image
      Author

      carol stanley 4 years ago from Arizona

      Thank you..There are many wonderful home based businesses. You may have a talent that is needed or wanted. Or you could reinvent...

    • teaches12345 profile image

      Dianna Mendez 4 years ago

      I believe that retirement is a whole new outlook in today's world. Many of us are looking at it much earlier due to job loss. I do like your thoughts on the retired job...may be our next venture here at home.

    • carol7777 profile image
      Author

      carol stanley 4 years ago from Arizona

      by. Left the last word off for anglnwu

    • carol7777 profile image
      Author

      carol stanley 4 years ago from Arizona

      It would be nice and many could do it if they started saving as I mentioned. Not easy in our tight economy but making some changes and some dollars could be saved. Thanks for dropping.

    • anglnwu profile image

      anglnwu 4 years ago

      Wouldn't it be nice if money is not a concern when one retires? It would free the person to enjoy life and go about doing things for pure enjoyment sake. Thanks for sharing your thoughts on the subject.

    • carol7777 profile image
      Author

      carol stanley 4 years ago from Arizona

      I am impressed that you are doing so well and also glad. I am still struggling and not feeling totally confident. However, if you can buy food with your money..wow. Thanks so much for stopping by with fine compliments. Best to you also friend.

    • Lord De Cross profile image

      Joseph De Cross 4 years ago

      Hi Carol, was off for a couple of days and did come to pay you a visit. Seems that we still have 20 years to go. So if we keep writing interesting hubs, the residual income will come in handy. Believe it or not, we have been using this money for shopping and food. Great pointers dear friend. You always squeeze these ideas and we all benefit. Have a great day!

    • carol7777 profile image
      Author

      carol stanley 4 years ago from Arizona

      I hear you! And if any advice to young people today is save your money. You will need it. Take a small amount out each week to buy bonds, savings accounts (which pay little) but at least you will have some money when you need it. Thanks for stopping by!

    • mackyi profile image

      I.W. McFarlane 4 years ago from Philadelphia

      I really love this hub carol7777. The reason I love this article in particular, is simply because I would like to have a decent amount of money stashed away for retirement. In fact, this is one of the reasons I am writing on Hubpages --Lol! A lot of people just don't really know how touch it's for retirees to be living off approximately 1/3 of their pre-retirement income! This is the time of people's life when they are plagued with more illnesses and have to be on a lot of medication etc. which can be very expensive. For those of us who are still working, the more we can save the better it's, because when we factor in inflation, the value of a dollar for the next say 30 yrs is going to worth next to nothing. For example, the value of $1000 may only worth $500 or less after we factor in inflation!

    • carol7777 profile image
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      carol stanley 4 years ago from Arizona

      Thanks for the visit..and I know there are really no set answers in today's landscape. I just hope the entrepeneurial spirit will live on at any age.

    • Thundermama profile image

      Catherine Taylor 4 years ago from Canada

      I found this hub very interesting. I don't think any of us can count on a gold watch and a pension anymore. Retirement jobs will just be the norm. Whether this is good or bad i don't know.

    • carol7777 profile image
      Author

      carol stanley 4 years ago from Arizona

      I understand how you feel, and though we are okay in the money department we have not always been. I still worry as prices of everything goes up ad up. I think it is important to start saving. You are very young..and even if it is only 10.00 a week or even less. Make the savings priority. I wish I had..Wow I spent so much money over the years...However, that is the past. So here I am on a tangent also. Thanks for dropping by and voting and sharing...

    • Janine Huldie profile image

      Janine Huldie 4 years ago from New York, New York

      Retirement seems like a long way off for me at 35, because even if I can stop doing my primary job at 65 (30 years from now), I will still have to do something to supplement said income, plus no one knows for sure if Social Security will even exist by that point. I see riht now what my parents are going through an am not looking forward to it. My poor father, who pretty much worked from the time he was 11 years old (after school jobs at the age), for the last few years now before retirement has not been able to find steady full-time employment and has worked odd jobs here and there, even working at Lowes as a greeter part-time. It is deplorable how our society treats those who are retired or close to retirement. Sorry for going off on a bit of tangent, but do agree whole heartedly with the message of your article Carol. I have of course voted and shared too!!

    • carol7777 profile image
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      carol stanley 4 years ago from Arizona

      I agree with that. I am working on the residual income idea. I also write for a site where I get paid per article. Thanks for your visit.

    • elle64 profile image

      elle64 4 years ago from Scandinavia

      I hope the day i retire that I have some good hubs, that will bring me in some residual income, nothing worse than being old and poor.