Two decades ago at the age of 38, we left the work-for-paycheck world and forged ahead into the uncharted waters of early retirement.
People on all sides were telling us that leaving the traditional life was fanciful; it was fraught with danger and with financial and social peril awaiting us around every bend. In short, it was a dumb idea.
Seismic financial events
Fast forward twenty years later and the financial events that shook the world through the last ten years also shredded many people’s nest eggs along with their dreams of retirement.
We are told that our generation is far from being retirement-ready and are at risk of not having sufficient income to pay for basic expenses. It is a bleak, fear-filled picture that is painted by the financial media, with the only practical choices offered being either austere cuts in lifestyle or running out of money. Put that way, it seems as though our only options are between two dour shades of gray. If you buy into this glum picture, you could be missing out on some very attractive alternatives for retirement. There are options, ones you just might find to be very gratifying.
Clearly, it’s time for a new game plan.
We survived these fiscal firestorms and lived to tell the tale. We are here to let you know in our newest book that, Your Retirement Dream IS Possible, and we show you how.
The odds are in your favor
There are four key components of retirement living: investments, how much you save, your cost of living—both before and during retirement—and the emotional adjustment to your new life style. While your investments may have been whipsawed by volatile markets over the past few years, of these four components of creating a happy retirement, you have complete authority over three of them. That’s 75% of your retirement future over which you have control and we’ll take those odds any day.
From our point of view, a full and rich retirement is still possible for many people, even though their portfolios have been battered. It will take personal flexibility in how one’s retirement is defined, including possible part time work, considering medical tourism as a healthcare choice and perhaps relocating. We believe that ingenuity, flexibility, and the trend toward simple living will take on more value as their use will provide options for a quality retirement.
You have options
Rather than giving up the idea of retirement all together, perhaps a combination of alternatives will still make your dream possible and we focus on those options. It’s not where you are right now, it’s where you are headed.
In our book we talk about financial issues, how to set yourself up with spreadsheets, give you financial tools and suggest ways to manage your money. We share our portfolio with you and the lessons we have learned over the many years of being financially independent.
Moving towards a life without a regular paycheck is a daring personal journey which often encompasses surprising self-reflection. We may encounter a personal obstruction, a financial impediment, or a partnership hitch. Some older workers may need to rethink their vision of retirement, perhaps swapping their old ideal of full-time leisure for one of part-time work that feeds a passion and provides a paycheck.
We know there are times that Life tries to knock the spirit of independence out of you, but there are always opportunities. It is easy to overlook them or not take an option seriously because of some mental prejudice we have built up through the years. But what if that possibility – the one which you have routinely discarded or overlooked – is your retirement answer?
Take control today
Never lose sight of your own innate ability to create the life you want and make it work for you.
In Your Retirement Dream IS Possible we focus on alternatives available and on giving you tools and information. We give you the plan, you make it happen.
Take control and right your ship.
The world is filled with countless enlivening, life-enriching opportunities. Many people have already found them and there’s plenty of room left for you to do the same thing.
Dream, discover and search for your opportunities. Our book will help you find them.
About the Authors
Billy and Akaisha Kaderli are recognized retirement experts and internationally published authors on topics of finance and world travel.
With the wealth of information they share on their popular website RetireEarlyLifestyle.com, and with their free newsletter, they have been helping people achieve their own retirement dreams since 1991.
Billy & Akaisha Kaderli have been interviewed about retirement issues by The Wall Street Journal, Kiplinger’s Personal Finance Magazine, The Motley Fool Rule Your Retirement newsletter, nationally syndicated radio talk show host Clark Howard, Bankrate.com, SmartMoney, Minyanville, FOXBusiness and countless newspapers and TV shows nationally and worldwide.