First Gen American asks:
Things to think about/do now when you are ~10 years from retirement…assuming the cash side is all set.
Sadly, #2 and I completely came up with a big old blank when we discussed this question. Personally, #1 has trouble thinking about next week, so a 1 year plan is out and a 10 year plan is pretty unthinkable. She realized while contemplating this question that in 10 years, her 10 year old will be 20 and will probably no longer be living at home. Crazy! And difficult to contemplate. That’s another world from now. (Kids got lots of extra hugs.) Ten years is a long time! I also suspect that even if it’s a year before retirement I might think, “Let’s worry about what to do next, you know, after retirement. When I have time.” If I retire.
#2 also says, “keep living your life”. And, “How can you be bored if you have books?”
We came up with a lot of good ideas, but they were all about the cash side, which in this question is already set. If the money tells you it’s 10 years until retirement… keep working? Earn more money? Don’t quit? So, uh, you should read the getting the most of your social security book (or run through the software if that’s more your style), but again, that’s money stuff.
Fortunately a lot of these Early Retirement gurus spend time thinking about the non-monetary parts of retirement. So we’re punting and linking to Our Next Life. Here’s their https://ournextlife.com/ten-questions-to-retire-early/ . Not all 10 questions are about money. So maybe that will help?
Grumpy Nation, what better advice do you have for First Gen American?