Are You in the Red Zone and Ready to Score? How to Make a Touchdown in Retirement
Think about health care. It’s common for employers to cover at least a portion of health care expenses, but in retirement, a married couple’s health care can be $1,300 a month if they retire before age 65 and are looking for health insurance on the open market. If you can’t afford your health insurance costs, then you haven’t reached the retirement red zone yet. Understand your investments. Many people enter the retirement red zone with enough money saved to last them throughout their retirement. If you want to enter the red zone, you generally have to be comfortable with two options: Invest and hope it pays off, or dial down your market activity and save the reserves. There’s no right answer, but in retirement, you should feel comfortable doing at least one or the other.
Recognize your reason for retirement.
Football season is here! While you’re cheering for your favorite team, you shouldn’t let worrying about how close you are to retirement distract you. If you want to find out if you’re in the red zone — in this case, within 5 to 10 years of retirement — then here are the essentials to think about if you want to sail into the end zone without getting tackled before the goal line. Evaluate your income and budget. Your sources of income will be changing in retirement. Evaluate what they are and if they’ll be enough to sustain the lifestyle you want. In order to do that, create a budget of your spending. With fewer fixed-income sources in retirement, different than your working years, the everyday expenses become much more important to your monthly equation. Know where every dollar is going so you know what your fixed costs are versus your discretionary costs.
Have you created a plan for what you will do to fill your time in retirement? If you haven’t, then don’t make your way into the red zone just yet. It’s important to have a game plan for this part of your life so the void of not working doesn’t get the better of you. Successful retirement doesn’t just happen — it requires careful planning, just like every play on the football field. If you think you’re close to retirement, call our office so we can coach you all the way to the end zone. Even if you are already retired, we can create a smarter game plan for you, too, tailored to your current and future situations! We like to think of that as our “Super Bowl” strategy!
SUDOKU
Pumpkins aren’t just for pie — they make delicious soup, too! This fall, try your hand at this healthy soup recipe and warm up with a bowl.
Inspired by MinimalistBaker.com
INGREDIENTS
• 1 cup canned light coconut milk • 2 tbsp honey
• 1 tbsp olive oil • 2 shallots, diced • 3 cloves garlic, minced • 2 1/4 cups pumpkin purée (homemade or canned) • 2 cups vegetable broth
• 1/4 tsp sea salt • 1/4 tsp pepper • 1/4 tsp cinnamon • 1/4 tsp nutmeg
DIRECTIONS
3. Transfer the soup to a blender and
1. In a large saucepan over medium heat, sauté olive oil, shallots, and garlic for 2–3 minutes.
purée. Pour the blended soup back into the pan.
Solution on Page 4
4. Cook over medium-low heat for 5–10 minutes. Taste and add additional seasoning as desired, then serve!
2. Add the remaining ingredients and bring to a simmer.
2 LOCATIONS TO SERVE YOU! Jacksonville & Fleming Island
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