In this US News article, Workers Pushing Back Their Retirement Age, a new survey suggests that hitting a retirement savings goal is now a more compelling reason to retire than turning 65.
What’s your plan, retiring at a specific age or at a specific retirement savings amount?
Let’s talk about it.
Prolonging Good Health
JN Mixon M.D, Founder and Chief Medical Officer of Longevity Medical Clinic
Throughout human history, the goal of medicine has been to help people function normally throughout their lifespan. Yet, the progressive decline in physical and mental capacity that normally accompanies aging has always been accepted as unavoidable. Some lucky few age better than most, remaining limber and strong, and requiring little medical care. The unlucky among us age worse, with progressive health issues and debilitating bodily changes. Thus, the general course of aging has always been downhill. The sage in our midst counseled that we “age gracefully.” This is code for “get used to it, because there’s not much you can do about it.” That is no longer true.
For the first time in human history we have the ability to choose whether or not we want to go downhill over the course of the next few years. For those willing to make the necessary life changes, and to accept the help of a specialized practitioner or group of physicians, it is possible to be leaner, stronger, faster, smarter, and sexier than you were ten to fifteen years ago.
A specialized health maintenance programs can help you achieve these results. Such programs will generally involve changing your diet, improving your exercise and activity levels, reviewing and adjusting of both prescription and nonprescription medications, customizing a science-based supplement program, restoring your endocrine support to that of a 25-year-old, and boosting immune response to the greatest extent possible. Such comprehensive programs of lifestyle change, medical intervention, and carefully individualized coaching by a specially trained physician can help to bring about dramatic changes in the average overweight and unconditioned American.
Thousands of retirees are discovering that their strength, stamina, speed, and intelligence can improve as they age. Since many of the normal, but highly undesirable, changes of aging can be postponed or even reversed, you should take control of your health by consulting medical experts to help you consider taking advantage of new and exciting developments in medicine and lifestyle so that you can stay healthy and enjoy each day.
JN Mixon M.D.
What does a age friendly home have? If you are hoping to be able to live in your home until your last breath, this article is one you want to pay attention to. It provides tips on making your home age friendly.
The 10 Worst states to retire:
http://www.aarp.org/work/retirement-planning/info-12-2010/10-worst-states-for-retirement.html
The 10 Best states to retire:
http://www.aarp.org/work/retirement-planning/info-09-2010/10-best-rated-states-for-retirement.html
Do we really want social security to be privatized? Agreed that for responsible seniors privatizing social security COULD (not would) be a good move, but are we a very responsible group as a whole? And if the bottom falls off, how will we deal with the unprepared? Particularly, when we (now) know that the largest group of individuals hurt would be women? Find out more »
The New York Times reports that 10,000 individuals will start turning age 65 and qualify for Medicare each and every single day starting January 1, 2011 (1-1-11). YIKES: with all that is in the news about medicare and social security, this will have significant and almost immediate impact. Next, studies show that Boomers fear outliving Medicare. Maybe for good reason, but it also means that for as long as the programs are available it is important to understand the interplay between the various programs. This was the YIKES that I mention above. But, truly, all is not lost. If you have reached 65 and do not have the large bank account that you wish you had, fear not. This is the time to take your head out of the sand and develop a strategy to make the money last longer than your life.
My wife and I are both 67 yrs. old and have not yet started taking our S.S.I. My reasoning, we do not need the income now but will need all we can get when we do take it. When I turned 65 yrs. old I had an appointment at the S.S. office and was told that I would not receive my full benefit due to Double Dipping rules.
One of my seminar attendees raised the above question; I thought to share the answer with everyone. I am making some assumptions here. The primary assumption is that when a person is looking to apply for social security benefits at age 65 and he or she has not yet reached full retirement age. They will be subject to double dipping rules that would reduce the social security income by the amount of earned income. After full retirement age that reduction does not apply. However, just because you can claim social security income does not mean you should. I am attaching a link to an article that you will want to look at before making a decision. In my personal opinion, if you can delay the payments, do so. Or, take the income and bank it and then return it at a later time and still claim the higher income. You are allowed to keep the interest from the money and only return the principal. The article does clarify this issue.