How do you prepare yourself for retirement?

[rennigade]

I got a subscription to Money magazine for cheap for the last few years. Once I am done with it I pass it on to my younger son where he eventually passes it on as well. So many of the articles in it focus on couples making $100K+, so a bit hard to be sympathetic or even want to be able to follow their advice. I do glean some good information from it though as well as hearing about some important tax laws.

I only bring this up because in the magazine this month the focus is on retirement and Suze Orman has a large article on prepping yourself for retirement. One of the things she said is that 70 is the new 65 when it comes to retirement age. She encourages everyone, if possible, to work until they are 70. She also encourages all to have their homes paid off prior to retirement and many other good ideas written at a level that most people can understand, much different than the usual writing geared towards higher earners with financial knowhow. I hate reading articles that start throwing out alphabet soup without once defining what all those 3-4 letters mean!

Many libraries have copies of the magazine that you can read it if you like. It is worth a few minutes of your time and a way for you to help others understand that what they think is the light at the end of the tunnel, is in reality the train with a big headlight coming straight at them!

https://www.savingadvice.com/forums/general-discussion/86542-suze-orman-says-70-ideal-retirment-most.html

[Outdoorsygal]

Rental income coming in

Work at least p/t or seasonally, until I drop.
Put much of that money in the safe, in envelopes, for Medicare/Health expenses.