Avoid an Unhappy Retirement: Episode 094

Published: Oct. 2, 2017, 8 a.m.

b"I interviewed Hank Coleman on how we can avoid an unhappy retirement\\nHank Coleman founded several popular personal finance websites such as Money Q&A, Own The Dollar, Military Money Might, The Dividend Pig,\\xa0and many others. \\xa0He is a freelance writer. Hank focuses\\xa0on personal finance topics\\xa0such as savings, investing, retirement, and many other money topics. I asked Hank to come on the show to talk about his parents and how much they hated the reality of retirement.\\nIt's never too early to plan for retirement\\nHank has never spoken with his parents about their retirement, however, as an only child, who visits often, he can see that their retirement isn't as amazing as they thought it would be. His parents had a grandiose\\xa0idea of what retirement would be like, but when reality set in, it wasn't as good as the dream they envisioned. \\xa0I talk with him about his parents' retirement over the past 10 years and what he thinks went wrong. For Hank, it was heartbreaking to watch.\\n\\nSo what are Hank's tips on how to avoid an unhappy retirement?\\n\\n* Make sure your spouse knows your retirement dream. Many husbands and wives don\\u2019t talk to each other about what they want to do during retirement. Maybe they don\\u2019t want to do anything at all. Having a successful retirement starts with communication.\\n* If you can, plan a mini-retirement before you retire. Hank recommends taking a few weeks off and act like you're retired. Have you ever dreamt of writing a book during retirement? You may want to consider taking your idea for a spin. You\\u2019ll never know if you have what it takes to live the retirement of your dreams unless you try it out\\n* You need a plan for your retirement. Now isn\\u2019t the time to start winging it. \\xa0The key to a perfect retirement is to have a plan and share with your loved ones.\\n* Don't be too firmly rooted in your plan. Be open to flexibility as situations and circumstances do change\\n* Before you retire, you should look at how much money you\\u2019ll need in retirement. There are several useful online calculators that can show you a quick view of what your retirement will look like.\\n\\nContact information for Hank:\\xa0Email: hank@moneyqanda.com * Website:\\xa0http://moneyqanda.com\\nThis post\\xa0about retirement and\\xa0Retirement Lifestyle first appeared on\\xa0http://RockYourRetirement.com"