November 28, 2016

Top 7 Retirement FAQs

On Web sites FAQs are Frequently Asked Questions. They are the inquires that occur often enough to be predictable. The questions are followed by short, to-the-point answers that sometimes actually answers the questions. Here are my responses to the most common satisfying retirement FAQ over the past 6+ years. Each also has a link to a post that deals with that subject in more detail:

1) How much money do I need to retire? Enough to live comfortably and handle most emergencies. You will probably end up needing more than you think. If you live in Scottsdale, La Jolla, or West Palm Beach, a lot more. Don't believe all the "rules" about how much you have to save or how little you can withdraw each year and not risk running out of money. Life is a constant adjustment to situations. No one can predict what the future will be like or how you will want to live. Stay flexible. But, I will say that the oft-used $1 million figure isn't necessary. 
 Link:  How Much Money Do I need To Retire?

2) Won't I become bored? Maybe. But, don't you become bored now? Boredom is easily solved. Find something interesting to occupy your mind and time. Retirement is all about trying on a new you. If you become bored it is because you aren't looking hard enough for alternatives. Besides, there are worse fates in life than being bored for awhile. 
Link:  Do You Ever Get Bored?

 3) H
ow do I fill all that time? You will be amazed at how quickly all that time fills up. Your real problem will be finding enough time to do all you want to do. Learning to manage the only resource you have that can never be replaced is a skill that will, in large part, determine how satisfying your retirement becomes. What to do after retirement? Your choices are limited only by you. 
Link: My First Few years of Retirement: Time Management

4) My spouse doesn't want me around the house all day..what do I do? Go somewhere else for a while. Take long walks, go to the library, volunteer a few times a week. Do things around the house that make him or her want you around. Part of the time do what your spouse wants to do. Part of the time do what you want to do. The rest of the time do things together.
Link:  Adjusting To Time Together

5) Can I spend all day in sweats? Sure. But, a word of advice...don't. There is no need to dress up as if you are still going to work. However, lounging around all day in a bathrobe or an old sweatshirt will affect your energy and desire to make something of the day. Develop a morning routine that includes dressing well enough to leave the house, even if you don't plan to. It really does make a difference.
Link:  My Time, Your Time, Our Time

6) Can I unretire? Absolutely. That is one of the best parts of retirement, there are no firm rules. In fact you can retire, unretire, and retire again as many times as you want. Maybe you'll find that financially you could use the extra income. Maybe you like interacting with different people each day and miss the stimulation of an office or factory floor. A part time job may be perfect for you. What if you've always wanted to have your own business or turn a hobby into income? No problem. Retirement is as much about attitude and freedom as it is about your state of employment.
Link: Going Back To Work After Retirement

7) What will happen to my health and health insurance? If I had the answer to that after the recent election results I wouldn't be writing FAQs.

Did I miss an FAQ you want answered?  Comment away!


  1. In answer to #2 and #3 As Calvin & Hobbes say
    "There's Never Enough Time to Do All the Nothing You Want"

  2. You hit the nail on the head. Money: We had to trim our sails a bit as interest rates are not what we planned on,but as you say, you adjust. Boredom??? What's that? You're right, Bob, not enough hours in the day ,still! There's watercolor classes, card games,volunteering, our daily walk together, yoga, sitting with a good book on the patio, creative writing, Ted talks on TV, bike riding, meditation, and some quiet moments too! Work? First 2 years I toyed with part time work, but I have FiNALLY completely retired.I love the freedom. Was kinda stuck on "having purpose, "I think.. Figured out being retired is a good purpose! Spouse: Ken keeps pretty busy with house and garden and in the garage.We meditation and hike together.Library dates once every two weeks, some time together, some time apart. I still like to cook , but Ken does more kitchen clean up than when he worked.Nice! Retirement? I highly recommend it!! Plan it, adjust as needed, but DO IT!

    1. I love reading about the absolute joy your comments show for full retirement. You are an inspiration to others who question whether retirement is a plus.

  3. Yes, I agree, these are all central issues to retirement. I'd only add that, yes, will be amazed at how quickly all that time fills up. But the real issue is focusing not on just being busy, but on doing things that are important and meaningful to you personally.

    1. Many new retirees do fill up the time and find themselves just as stressed as when they were working. It takes a while to find the right balance.

  4. These are great, Bob. I had to laugh at #4, go somewhere else for a while. I'm loving being retired, and we have done some travel, some home projects, and we both have outside interests. But I do find when we're in the house together too long, I need to "go somewhere else". The rest are all spot on and who knows about healthcare? It's the great unknown.

    1. Time alone/apart is very important in a healthy relationship. Each of us are still individuals, no matter how long we have been with someone or have been retired. That individuality must be respected.