Comments on: My Thoughts on Money’s 13 Retirement Myths http://www.myretirementblog.com/my-thoughts-on-moneys-13-retirement-myths.html Retire happy, healthy and wise. Sat, 22 Nov 2008 09:57:40 +0000 http://wordpress.org/?v=2.6.3 By: Alison Brundage http://www.myretirementblog.com/my-thoughts-on-moneys-13-retirement-myths.html#comment-65086 Alison Brundage Wed, 13 Aug 2008 00:50:03 +0000 http://www.myretirementblog.com/my-thoughts-on-moneys-13-retirement-myths.html#comment-65086 Just retired ! Rich...absolutely not. My husband's been a minimum wage waiter all his life...he's 58. I'm a retired nurse..age 62. We saved steady as much as we could afford in 401K's and IRA's for 30 yr or so. Paid off all our bills and lived well but simply. (surfed in the day and worked at night...Hawaii) We paid off our mortgage early and sold when the market hit it's peak. We sold everything and moved to Panama. We now own the most beautiful house on a canyon and as well own the nicest truck. On one Soc Sec income of $1200/mo, a $275/mo pension and bond dividends we are more than comfortable....happily retired early and living beyond our wildest imagination. No magic.....live within your means and save. If your needs are simple...your retirement comes a lot easier for you. Just retired ! Rich…absolutely not. My husband’s been a minimum wage waiter all his life…he’s 58. I’m a retired nurse..age 62. We saved steady as much as we could afford in 401K’s and IRA’s for 30 yr or so. Paid off all our bills and lived well but simply. (surfed in the day and worked at night…Hawaii) We paid off our mortgage early and sold when the market hit it’s peak. We sold everything and moved to Panama. We now own the most beautiful house on a canyon and as well own the nicest truck. On one Soc Sec income of $1200/mo, a $275/mo pension and bond dividends we are more than comfortable….happily retired early and living beyond our wildest imagination.

No magic…..live within your means and save. If your needs are simple…your retirement comes a lot easier for you.

]]> By: » Weekly Roundup: Penny Wise, Pound Foolish Edition on Blueprint for Financial Prosperity http://www.myretirementblog.com/my-thoughts-on-moneys-13-retirement-myths.html#comment-52005 » Weekly Roundup: Penny Wise, Pound Foolish Edition on Blueprint for Financial Prosperity Mon, 29 Oct 2007 02:26:56 +0000 http://www.myretirementblog.com/my-thoughts-on-moneys-13-retirement-myths.html#comment-52005 [...] out my thoughts on Money’s 13 retirement myths at My Retirement [...] [...] out my thoughts on Money’s 13 retirement myths at My Retirement [...]

]]> By: Retirement Man http://www.myretirementblog.com/my-thoughts-on-moneys-13-retirement-myths.html#comment-51337 Retirement Man Fri, 26 Oct 2007 10:29:22 +0000 http://www.myretirementblog.com/my-thoughts-on-moneys-13-retirement-myths.html#comment-51337 Nice post. I would agree with Myth 6 - there are a variety of ways to save for later life - with a pension being just one. Common sense should tell you not to put all your eggs in one basket. You can put your residual income into a variety of things: property shares high interest savings pension even collecting antiques! Mixing up what your money is held in with limit the effect of any of these going wrong. e.g your pension fund failing, a property crash etc. Nice post.

I would agree with Myth 6 - there are a variety of ways to save for later life - with a pension being just one.

Common sense should tell you not to put all your eggs in one basket. You can put your residual income into a variety of things:
property
shares
high interest savings
pension
even collecting antiques!

Mixing up what your money is held in with limit the effect of any of these going wrong. e.g your pension fund failing, a property crash etc.

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