How To Make Your Money Last (2016) helps you deal with a burning question when you’ve ended your career and started retirement: What now? These blinks show you how to manage your retirement funds to make sure you get the most out of this new stage of life.
Jane Bryant Quinn is a personal finance expert and author of several bestselling books, including Making the Most of Your Money NOW, Smart and Simple Financial Strategies for Busy People and Everyone's Money Book.
Upgrade to Premium now and get unlimited access to the Blinkist library. Read or listen to key insights from the world’s best nonfiction.
Upgrade to PremiumThe Blinkist app gives you the key ideas from a bestselling nonfiction book in just 15 minutes. Available in bitesize text and audio, the app makes it easier than ever to find time to read.
Start free trialGet unlimited access to the most important ideas in business, investing, marketing, psychology, politics, and more. Stay ahead of the curve with recommended reading lists curated by experts.
Start free trialHow To Make Your Money Last (2016) helps you deal with a burning question when you’ve ended your career and started retirement: What now? These blinks show you how to manage your retirement funds to make sure you get the most out of this new stage of life.
Yesterday, you were an active member of the workforce. Today, you’re retired. What will be your first step in this new phase of life?
Many people feel lost at the start of retirement. Fortunately, you can make sure you’re not this type of retiree by planning ahead.
Retirement is challenging, as it’s a leap into the unknown. After all, what's the first thing you say when you introduce yourself to a new person? You share your profession: “I'm a lawyer,” or “I'm a teacher.”
As a society, we often define people by job. Going into retirement can then feel as if you’ve lost your social identity.
Plenty of people lie in bed all day when they first retire. While this might sound like a vacation, even vacations get boring if you're not doing anything. Planning your days is crucial.
There are five retirement stages. Let's go over each to ensure your retirement will be successful.
First, there's preretirement. During this stage you slowly disengage yourself from daily work. You start imagining what your life will look like when you retire.
Second, there’s the honeymoon or your first taste of freedom. As a newly minted retiree, you now get to spend as much time as you like on leisure activities, such as fishing, painting, reading or playing with your grandchildren.
Next comes disenchantment. In this stage, the days may start to feel long, and you might start missing your daily routine at work.
You overcome disenchantment by entering the fourth stage, reorientation. Here you refocus on the things that matter most to you and start adjusting to your new financial situation.
Once you've reoriented, you reach the fifth stage: stability. Stability is about settling in and enjoying the new rhythm of your life.