7 surprises awaiting you in retirement

Even if you've been looking forward to your golden years for a long time, surprises can still ... well, surprise you.

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May 13, 2014 11:29AM

It took me about two days to get used to retirement. When people ask what do you do all day? I tell them; whatever I want. I don't miss that alarm clock one bit.

May 12, 2014 7:28PM
"From a financial perspective there are a lot of decisions to be made," Munn says. "There are decisions about when to take Social Security; decisions about pensions; decisions about health insurance; about their investments."

These decisions should all have been made way before you retire.
May 13, 2014 1:07AM

Surprise number 8. How did you ever find time for work?

May 13, 2014 3:03PM

One rule to remember - You never help people by giving them money. It's called enabling. Give them advice, and send them on their way. They'll hate you at first... then, when and if they finally take control of their financial lives, they'll thank you.

May 16, 2014 4:54PM

I always loved my work.  It was the idiots I worked for I hated .daily.


They would do things like ....make us take a company survey, anonymous.  Later they tried to find out who said what ain staff meetings.


They would publically humiliate people to make themselves look like tough bosses.


They would take credit for what you did and blame their mistakes on the lowest employee.


Gossip...back stabbing.   


The CEO would use employee recognition to make himself look good.  God help you if you  missed your celebration.  It was duly noted.


Had one boss who smoked all day, asphyxiated us in staff meetings.


Work?  I love it.  Management?  Go to hades.

May 13, 2014 5:38PM
There are only about two items in the article I agree with, one being that "health care is expensive" (but good insurance will help with that), and the other that "things can be unpredictable" (duh!).  I disagree with everything else.  "Work isn't so bad."  Wrong.  Work stinks, mainly due to lazy or incompetent management or co-workers.  "Retiring is stressful."  Wrong.  If you have planned and saved for it, retirement is wonderful.  "You may need more money than you think."  Wrong.  Again, if you saved and live a conservative lifestyle and a paid-for house, you should have plenty of money.  "Relationships may get better."  Wrong.  If you had a wife like mine for 30 years who gave me no peace, especially after my retirement, the relationship got worse.  Fortunately, when I retired from working, I also retired from her and have never been happier.  And finally, "Somebody always needs help."  Wrong.  Well, not really wrong, but I help who I want to help, not my parents who made no provision for their own retirement, and not my kids if they haven't learned to take care of themselves in spite of being taught how for years.  Blood is not thicker than water for me when relatives struggle due to their own boneheaded decisions.  I'm not about the jeopardize my retirement bailing out some fool, family or friend.  Accidents, health problems not due to destructive lifestyles, and other things beyond the person's control are an entirelly different matter.
May 16, 2014 5:01PM

I don't think our great government wants us to retire. All I ever read is how bad retirement is. My quess is if all the baby boomers retire there will be no one to pay there wages or social security  

May 16, 2014 6:35PM
People who need to keep working display the same flawed reasoning to explain their motivation as the guy who continues to beat his head against the wall because it feels so damn good when he stops. I'm retiring in three months after working for fifty years, and you'll never hear me lament the idea that I no longer have to go somewhere I don't particularly want to go and do something I don't particularly want to do with people I don't particularly want to be with in just to have a roof over my head and some food to eat. Enough with this "work ethic" BS we work because whether our spirit is so broken as to not aspire to anything else, or we simply need to fund our lives. There's nothing heroic or virtuous about it, that's why they call it WORK.
May 16, 2014 4:55PM
I received a news letter one time that basically said save for retirement but don't save so much your children summer in Europe after your gone. Balance
May 16, 2014 6:10PM
Since I'm a widow, it is hard not having a significant other to "enjoy" retirement with me.  That is the only thing that I need to make retirement any better than it already is.
May 12, 2014 9:54PM
It's hard to find out what health care cost is really going to be before you retire.  My health care premium cost me almost 30% more than the estimate I obtained.  By the 3rd year, I was paying almost 100% more at $1054/month.   The along came the implementation of the Affordable Care Act.  It's till a mystery.  I can control my income which I reduced to less than 200% of poverty in order to qualify for max subsidy.  The out of network deductible is unlikely to be satisfied unless I end up in the hospital.  But, at least my premiums are now down to $87/month. 
May 16, 2014 8:13PM
Moved to Florida at 53, retired at 58, didn't need to make money anymore and wanted time to just say NO to all the people who think they are good bosses. Took me about 16 hours to decide what a good idea it was. 65 now and have never regretted my decision. When my first grandchild was born, I invested one thousand dollars in a great utility fund, reinvested the dividends, tossed a couple of hundred in every now and again and that's their college fund. (Hint: it's not a small amount) Every year, I made sure I paid myself along with any other bill I had and invested for the long term. Didn't panic when things went south but just stayed the course. Couldn't be happier with my decision.
May 16, 2014 5:32PM
All I know is.....I was burned out....retired fm theCG in '95,where my last ten yrs were spent mostly working somewhere overseas an average 10 months a yr. In 99 began working civil service...the same thing ....over 50 deployments in less than ten yrs....What started as looking forward to see what the new day at work brought transformed into a total lackadaisical attitude towards work....was tired of it....burned.....turned 62, got my Soc Sec, ask OPM for my share of retirement (had only 13 yrs )....and ran.....true I get bummed out sometimes....but essentially no regrets.
Age does no forgive.... 
May 16, 2014 7:59PM
I retired at 62.  So glad I did. Female... supposed to outlive your husband. Ha!  Just got melanoma cancer of the skin at 67.  Think about how you want to spend the remainder of your life - it's about day to day not year to year.  I am soooo glad I did what I did to retire early.  
May 16, 2014 5:24PM

Much of what was in the article is BS.

I was medically retired two years ago and I experienced none of the issues they advocated in the article.

May 16, 2014 6:54PM
 Most companies out there cant wait to get rid of you. Don't wait till your sick or dead. Get that $SOCIAL $SECURITY THE DAY ITS AVAILABLE TO YOU! Before they find even more places to spend it. I get free medical through Iowa Care and boy does that help. Lost my full time job in the summer of 2011, but will get to retire at 62 this September. I will continue to work part time. 
May 13, 2014 12:35PM

And yet another surprise just released:

Consumers enrolled in Obamacare will see an increase in their insurance premium rates next year that will "easily" outpace inflation, with every insurer in at least one state opting for rate increases, .
According to official filings by insurance companies in Virginia for 2015, average rate increases range from 3.3 percent to as high as 16.6 percent for those enrolled in the online exchange, depending on the type of plan a consumer holds.

The rate increases are directly related to the new costs insurers face under the Affordable Care Act due to the higher expense of insuring less healthy, previously uninsured enrollees, and also because of the new fees insurers are facing under the new healthcare law, one company, Anthem HealthKeepers Inc., told the Journal.

May 16, 2014 4:47PM

I have a to do list and a project list.  I have two homes, so I am always imptoving , doing something and hiring folks, jack legs.


Plenty of time to actually read policies and make visits to where you need to be.  It can be less stressful because I can take a month to put lights under the cabinets....no time table.

May 16, 2014 8:16PM
You forgot #9: Some of the idiot liberal Democrats wanting to take over and nationalize 401K plans, IRAs, pensions, and other PRIVATE investments that we have. THEY want to control it and redistribute accordingly, just like Obamacare.
May 16, 2014 8:23PM
I love it!  Instead of rushing to do things, I have had to re-program myself into thinking I can do it later.  When I get up in the morning, I can just roll over if I want.  And to think I was afraid of retiring!
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