"The Senior Years Master Plan" is an Excellent Guidebook for Later Life

Many of us try to block out the fact that we are aging. As we approach our 50s and 60s, we may become even more determined to ignore the reality facing us. One reason is that we can become simply overwhelmed by all the different issues we have to consider.  Where should we live? How much money will we need?  How can we generate income which will last the rest of our lives? How can we manage our health, our illnesses and, ultimately, our deaths? There are so many things to think about, it can seem easier to procrastinate about doing anything.

 

As a result, I was curious when the author of "The Senior Years Master Plan", Ralph Mroz, contacted me about his book. (Ad) After reading it, I was impressed by the comprehensive way it brought up virtually every issue people need to consider, ideally before they actually retire.  However, even if you have already retired, there are some great suggestions in this book which you will find helpful.  I appreciated the detailed description of the different types of financial advisors and I loved the suggestion that we all put together an Index of where to find our important documents and everything else our heirs will need, if something should happen to us.  It will save our family a lot of frustration and confusion. I also liked the suggestion that we all assemble a "team" of reliable people we can count on as we age ... doctors, lawyers, financial planners, and wellness experts.

 

When the author contacted me about his book, he also provided a very complete description of what I could expect to find in the book.  I asked if I could use his description in this blog post, since he knows the book better than anyone.  After I read the book, I realized that his description was quite accurate.  Below is the information he provided.

Author's Summary of "The Senior Years Master Plan" (Ad)

 

"As I watched my parents' generation suffer in old age from lack of choices, or poor choices made decades earlier, the question in my mind was, 'So what do we need to do now to plan for the best outcome in our old age?'

There are thousands of books and websites on the subject of aging and its various elements.  But there isn’t a single, concise, overall guide to all of the practical aspects of aging that require planning and 

action, often years in advance.  This book’s audience is mostly Baby Boomers, and their children.

Here is a list of the major chapters:

•    The principles of aging

•    You will diminish

•    Housing and care options

•    Aging in place

•    Keeping busy

•    Pets

•    Stopping driving

•    Your team: doctors

•    Your team: financial planner

•    Your team: elder law attorney

•    Your team: the gym and trainer

•    Your team: maintenance people

•    Your team: a trusted sounding board

•    Your team: nutritionist

•    Your team: care manager

•    Psychological wellness

•    The last act: your funeral

The book is concise and stresses the need for practical action.  Each chapter lays out the spectrum of options, and de-confuses the plethora of perplexing terms that describe them.  Each chapter presents some hard truths, and stresses the need for planning.  Most chapters lay out the need for professional help.  However, no chapter tells the reader what they should do, but rather how to evaluate the options or how to engage an appropriate professional."

 

I highly recommend "The Senior Years Master Plan" (Ad) to the readers of the Baby-Boomer-Retirement blog. It could help everyone have a comprehensive, flexible plan for their senior years which will reduce their anxiety, save them time, and help them prepare for the inevitable.  I also suggest you browse back through the book every year or two, to make sure your plan is still up-to-date and reflects your needs and desires.

 

About the Book's Author

 

With a career spanning the private sector (high-tech and management consulting), public sector (police officer and law enforcement trainer), and the non-profit sector, Ralph Mroz brings a uniquely well-rounded perspective to his analysis. He has been a prolific writer and video presenter.

In the law enforcement arena, he's regarded as one of the leading critical thinkers regarding training.
In the management arena, he's the co-author (with Mitch Gooze) of Value Acceleration, (Ad) the book which introduced the structured strategic marketing system known as the Customer Manufacturing Process.  He's been appointed to two gubernatorial commissions (one concerning economic development, the other related to law enforcement).

As a Baby Boomer, he researched many aspects of aging in order to plan effectively for the upcoming decades.  Now retired, he volunteers at his local dog shelter and is involved with a police reform organization in his home state of Massachusetts. 

 

If you are interested in learning more about saving money, financial planning, Social Security, Medicare, where to retire, common medical issues as you age, travel and more, use the tabs or pull down menu at the top of the page to find links to hundreds of additional helpful articles.

Disclosure: This blog may contain affiliate links. If you decide to make a purchase from an Amazon ad, I'll make a small commission at no extra cost to you.

You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo credits: author via Amazon

Make Your Retirement Bucket List

Whether you believe you have another three years or thirty years left in your life, it is always important to have something to look forward to.  Everyone should have goals, hopes, and dreams.  One way to put them all together is by creating your own personal bucket list.  You may want to have a short one for the coming year and a larger one consisting of things you would like to accomplish during the remaining years of your life. If you are looking forward to retiring in the next few years, you will be even more excited about the future if you create a bucket list full of the things you would like to do after retirement.  In this way, you will immediately have a plan for how you want to keep busy after you stop working.

Your bucket list should contain a list of places where you would like to travel, people you would like to see, performances you think you would enjoy, new experiences or hobbies you want to try, financial changes you need to make in order to accomplish the above things, and anything else which is important to you.  Below is a list of suggestions to get you started, but feel free to let your mind run wild.  Whether or not you achieve everything on your bucket list is not important.  In fact, you may even want to update your bucket list from time to time.  You just need to make sure you have a reason to get out of the house and stay engaged in life right up to the very end.  Whether you are still in your working years or newly retired, having goals and working to achieve them is a proven way to stay physically healthy and mentally active.

Ideas for Your Bucket List

1.  Have you visited all the tourist traps in your area, or did you postpone going to see them because they are so close?  Make a list of all those sites you have been meaning to see, but never thought you would have the time.  People travel hundreds of miles to visit some of these places.  Maybe it is time you should check them out, too.

2.  Make a list of two or three distant places you have always wanted to visit.  Do you have a yearning to go to Europe, Indonesia, or South America?  Do some research.  Make a list of specific cities or locations you would like to visit.  Find out how much it would cost in air fare.  How much are hotels or other accommodations in the area?  How would you get around once you are there?  Are there tours which would save you time, trouble and money? Order a travel guidebook and read all about the locations on your list.  Start a savings account so you can make your dream a reality.

3.  Why not travel around the U.S.?  You could go on a road trip in your car, rent an RV, get a bus pass, or travel by train around the country.  Who knows what adventures you might have as you travel throughout our nation?  You may even want to venture into Canada or Mexico when you near our borders.  Better bring along your passport, just in case!

3.  What types of cultural and entertainment events do you enjoy?  Make a list of museums, plays, sporting events, musicals and concerts you have always wanted to enjoy.  Then, try to find a way to do at least one thing on this list every year.

4.  Do you have relatives or old friends you rarely see?  Get in touch with them.  Plan a reunion.  Perhaps they will want to join you in completing some of the other items on your bucket list.  In fact, you may want to combine visiting some of your relatives while on a road trip around the US. You could also add in a side trip to attend a special event which is high on your bucket list. 

5.  You are never too old to learn something new.  Have you always wanted to learn a new language, play an instrument, become an artist, improve your cooking, or learn some other new skill?  Sign up for classes.  Depending on what you want to do, you may be able to find fun classes at your local community college or senior center.  Classes are a great way to make new friends, too.

6.  Are you an empty nester, divorced or newly retired?  You may be lonelier than you realize. Have you considered getting a pet?  Visit the local animal shelter and check out the cats and dogs they have available.  If you don't want a puppy, they often have house-broken older dogs which are looking for a home.  Don't be afraid to get something a little more exotic, too, such as a bearded dragon, bird, guinea pig, rabbit or miniature goat.  This is your opportunity to get the type of pet you always wanted, but never thought you would have the time to take care of.

7.  Unsure how you will be able to afford to do the things on your bucket list?  Talk to a financial planner so you are confident you are in strong financial shape going into retirement.  Having a financial plan which includes money set aside for travel or hobbies will give you the confidence to enjoy your retirement.

8.  Do you have some other "crazy" ideas which have been bouncing around in the back of your mind.  Sky-diving? Trekking the Himalayas? Scuba diving in Indonesia? Living and traveling in an RV? Learning to fly a plane? Sailing around the Caribbean or the San Juan Islands in Washington State?  Put them down in writing and create a plan to make them come true.  Life is an adventure.  Enjoy it.  These ideas may not be as crazy as you think!

If you are interested in learning more about aging, financial planning, ideas for where to retire, common medical issues, Social Security, Medicare and more, use the tabs or pull down menu at the top of the page to find links to hundreds of additional helpful articles.

You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo credit:  Photo taken by author; all rights reserved.

Will You Enjoy Retirement?

If you spent the last decade of your working years looking forward to the day when you could "take this job and shove it," have you given much thought to how you will spend your days once you walk out of your office or workplace for the last time?

According to research by the National Center for Health Statistics, the average person who reaches age 65 can expect to live another 19.3 years ... or until they are age 84.  What do you plan to do with those extra two decades of life?  Have you given that serious thought?

Will Retirement Be Fun?

Many people imagine spending long days on the golf course, in their fishing boat, or taking cruises and vacations to exotic locations.  However, is that really what you want to do every day for the last twenty years of your life?  Will you even be able to afford that daily round of golf, the fishing boat, or the travel?

According to U.S. News & World Report, the typical retiree between the ages of 65 and 74 spends four hours a day watching television ... and that is the age group of the youngest retirees, the ones who are most capable of being active.

Is it inevitable that your retirement will eventually leave you feeling isolated, bored, and lonely?  Not necessarily.

What Retirement Options Will Keep Your Life Interesting?

In addition to financial planning, people who are preparing to retire, or who are newly retired, should spend plenty of time thinking about the lifestyle choices they can make as they approach their mid-60's.  Below are some options they may want to keep on the table:

*  Keep working at their current career - What?  After all these years of planning to retire, why would you want to keep working?  Presumably, you have earned a nice income from your job in the past and now you will be able to supplement that income with your Social Security benefits ... which will give you extra money for travel and having fun.  You might also decide to postpone collecting your Social Security until you are age 70, thus substantially increasing your benefits.  Staying at your current job also enables you to maintain your work friendships and connections with other people.  It can give structure to your life and keep your brain alert ... without resorting to endless crossword puzzles.

*  Find an Encore Career - What if there is no way you want to keep working in your old career?  That doesn't mean you need to give up working altogether and just sit home every day.  There are so many possible career choices.  You could find a job with a local business or non-profit, work as a consultant in your former field, become a tutor, or give lessons.  Retirees are even eligible to sign up for the Peace Corps and share their valuable knowledge and experience around the world.  Yes, many people in the 60's (and sometimes a little older) join the Peace Corps.

*  Volunteer in your community - If you really don't need extra income, you still do not want to spend your days sitting around the house, watching television.  Why not contact your local hospital or charity and see if they need your help?  I know a woman who helps out one day a week in a local hospital. She particularly enjoys caring for premature babies that just need extra time being held.  The work is not physically demanding, but she feels it is very rewarding.

*  Find affordable, social hobbies - Everything you do in retirement does not need to be expensive.  Nor do you need to spend time alone when you are pursuing your hobbies.  Join a book club or other activity that you can enjoy with other people.  If you don't know how to find other people who enjoy your hobbies, try www.meetup.com.  This website helps you link up with people in your community who are looking for people with common interests ... whether that means hiking, traveling, tai chi, golf, playing games, learning bridge, dancing, tennis, photography, dog walking, writing, painting, yoga, attending movies, boating, playing music, cycling or eating out. Many places of worship also have special activities for their older members.  Go to your local senior center to find exercise classes, low-cost meals and a wide variety of activities.  There is no reason to pursue your favorite activities in solitude when it is so easy to connect with other people who enjoy doing the same things you do.

Plan Your Life After Retirement

Financial planning is a very important part of getting ready for retirement.  However, it is equally important to plan what you will do with that free time ... and hopefully that will not mean just sitting around for the last twenty years of your life.

Plan to have a satisfying and fulfilling life during this period of time.  Think about how you could enrich your life while sharing your gifts with others.

I know people who are as busy or even busier in retirement than they were when they had full-time jobs during their "working years."  What is most interesting is that those are the people who seem to be the happiest as they age!

Are you looking for more information about retirement planning, where to retire, common medical issues, Social Security, Medicare and changing family relationships?  Use the tabs or pull down menu at the top of the page to find links to hundreds of additional helpful articles.

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Photo credit:  morguefile.com

What Will You Do After You Retire?

Like many recent retirees, I worried that I would get bored once I stopped working.  In fact, I have known many Baby Boomers who are nearing retirement age who have expressed this fear.

Frequently, they make statements such as, "I don't want to play golf every day," "I don't want to get roped into babysitting my grandkids too often," "I'm not the type to play bridge all the time," or "I hate just sitting around the house watching TV."

As I have mentioned before, I live in an over-55 retirement community with lots of activities ... more than any human being could possibly do.  Within weeks of retiring from my job, I had signed up for a circuit training class three days a week and a yoga class twice a week.  I also joined the Writer's Club and was pleasantly surprised by the number of published authors in my community.  Before retiring, I had already been involved in horseback riding and walking on the beach every weekend.  In other words, I quickly got involved in a wide variety of activities.

In addition, I also drive two of my grandchildren to school every morning during the school year.  While they could ride their bikes or walk to school, I actually enjoy having the freedom to pick up these two grandkids and spend that twenty minutes or so in the morning with them.  One day a week, when my granddaughter has a late start at school, I take her to Starbucks and we sit and chat for half an hour before I drop her off.  This extra time with my grandkids has been one of the perks of retirement.

I've also discovered that I like cooking again ... at least once in a while.  Let's face it, when you are a working wife and mother, it gets to the point where dinner is whatever you can put on the table.  In the past, I was most inclined to stop and pick up a pre-cooked chicken, order pizza or sushi, or do something easy that required the least cooking possible.  Now I'm preparing full meals that take a little more effort.  While I still fall back on my easy meal ideas a few times a week, I find that I am cooking more often than I have in years ... and actually enjoying it.

Of course, I also write this blog and provide content for a number of websites.   This not only is a creative outlet for me, but also provides additional retirement income, doing something I love.

However, this is my personal experience.  So, prior to writing this post, I also decided to canvas some of my friends who do not live in a retirement community and do not have grandkids that live nearby.  What surprised me is that they have no trouble filling up their free time, as well.

Some of them have signed up for classes from the local community college or senior center.  They also enjoy being able to engage in activities that they couldn't spend much time on before ... painting, writing books, hiking, reading and having lunch with friends.  They are cooking, gardening, spending time with grandkids, traveling, redecorating their homes, volunteering for charities, driving Meals on Wheels, and so much more.

While our level of activity will, of course, decline as we get older, I have discovered that Baby Boomers are finding a wide variety of ways to stay busy and enjoy their retirement.  In fact, one refrain that I heard over and over again is, "I'm so busy now, that I don't know how I found the time to work!"

So, if you are hesitant to retire because you believe you will be bored or you won't have enough to do, I think you'll be pleasantly surprised.  Anyone who has the energy to work all day will be eager to find more enjoyable things to do after retirement!  Jump right in ... the water's fine!

You are reading from the blog:  http://www.baby-boomer-retirement.com

Public domain photo of an artist at work is courtesy of www.morguefile.com