5 Alternatives to Traditional Retirement

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This book changed my life literally. Want to be able to retire? Stop planning your assets and start planning your income. Wall Street has convinced most people that they need a "nest egg". Not only that, they have used heavy advertising to convince you that the "principle" should never be touched but passed along to your children.............don't worry, they will hold your nest egg for you and for a fee hold it for the next generation. After changing my goal from asset growth to lifetime income growth, I can enjoy life now and not worry about where the $$ will come from. I intend to own only my cell phone in my pocket when I die, so I can call up to say "Goodbye".
PS Instead of handing over money to my child, my daughter and I started a new business that gives my wife and I cash flow and our daughter a living income, hopefully , long after we are gone. Meanwhile, I have the fun of working with my 40 yr old child, thinking young, watching her skills grow as a business owner and self-sufficient adult. we are building something together, instead ofwaiting 20 years for my wife and I to die. shift your thinking away from the Wall Street model and be a lot happier in "retirement".

Steven of NY 3:10PM August 24, 2010

Boomers have less saved for retirement & need alternative options for where to retire. Lake Weir Living (LWL) in Central Florida has evolved the active adult/retirement lifestyle concept to answer the needs of today's Boomers. Boomers can still have fun and play hard. LWL, is a "Toy-Friendly" Community (8 miles from The Villages & 55 miles to Orlando), for Boomers frustrated with oppressive HOA restrictions & fees. New custom-homes from the $90s with no HOA and toy-fitted garages for "Toys" such as boats, motorcycles, RVs, and more. Visit their Blog for videos of new homes:
http://www.lakeweirlivingblog.com

lakeweirliving of FL 8:57PM July 18, 2010

Aren't those "socialist" countries awful!
.....
You mean the one's that are collapsing?

artist of WA 11:51AM July 05, 2010

Folks, you are right to be concerned. The shysters at the investment banks, broker dealers and all of them seem to be after your money. In fact, today managers are rewarded for how much money the can suck out of the system, rather than how much value they can build! There is a great website called www.retiredsafely.com that addresses all of these concerns. You should check it out.

Randy M of SD 9:35AM July 05, 2010

Retirement? How many Americans facing age 60 and up are really able to retire? I would like to see a statistic on that.
25% ??
I have invested in mutual funds but continue to face negative returns.
I am a self-employed professional with a graduate degree. It is unlikely that I will ever be able to retire. Health care costs alone will prevent retirement.

Lynda of CA 8:20PM June 30, 2010

Pay yourself first, and start as early as possible.It does'nt matter if it's one dollar or ten dollars each payday, put it away and do not touch it.When you recieve extra money from gifts etc. put at least half of it away.After a while, put your stash in a savings account for safe keeping.You won't get rich on the interest but you won't lose it either.Remember, a penny a day, doubled every day for 30 days will yield over 10,000,000 dollars.Watch out for stockbrokers, their sole purpose is to seperate you from your money.

normauthier of GA 11:40AM June 28, 2010

Typical Yahoo link. Usually, they just spout lies about global warming. This is consonant with the typical garbage they feature as "news:" Gee, must have taken a rocket scientist to figure out the above "solutions."
Now... back to our regularly scheduled leftist global warming/Obama suck-up articles that pass for "information."

J Robert of MO 5:51PM June 27, 2010

I retired 1 month after my 51st birthday. The secret? No debt.
I travel with my family, have a daughter in a 6 year doctorate program,
and also also have a 4th grader with a 150K college fund. I returned today from my camp after kayaking with the family for 4 days. My retirement ? 32K
live within your means, see you in Kona

john bidell of NY 4:34PM June 27, 2010

Yet another impractical advice article. I laughed at the mini-retirement of 4 weeks. Go work in a Western European country and 4 weeks will be your standard vacation. Aren't those "socialist" countries awful!
As for getting employer approval for an unpaid, far less a paid, sabbatical, very few employers offer those to other than their higher level employees and when they do, it's usually for a work related sabbatical.

marty of CA 1:29PM June 27, 2010