Retirement May Be Your Own SHTF If You Are Not Prepared For It
Retirement May Be Your Own SHTF If You Are Not Prepared For It by NRP – Modern Survival Blog
Do you believe that someday TS-will-HTF ? Well then you are absolutely correct. We sometimes talk of how an EMP, economic-crash, WW III, Cyber Attack, Pandemic, so-on, will change the world (your life) forever, and/or bring it crashing down.
Retirement IS an event that will totally disrupt your current life in ways you have NO idea. Retirement WILL be that SHTF and hopefully we all get to enjoy it.
For those here that are thinking about that 10 letter word ‘Retirement’, and I know there are quite a few getting close, and for those that are a few/many years off, I wanted to touch a little on this.
So before I begin, and to those young whipper-snappers out there,
I remember just yesterday when I turned 25, young, healthy, full of pizzzz and vinegar, I looked at retirement like it was sooooo far away. Today I’m in the process of ‘getting my ducks in a row’, and tomorrow the day will come when I load all my ‘stuff’ at work, say ‘see ya’ to the ones still there, and head home to a new life.
There are a few things to think about first:
1. Health Insurance is one of the BIGGIES, Medicare, Obamacare-less, Supplemental Medical Insurance, Private Insurance. Let’s face it, we ALL are going to get sick and we all will die at some time. If you don’t have or if you screw this step up, the medical bills will eat up every penny you and your family have. As an example when my late wife got cancer and passed, the total medical, hospital, hospice, so-on bills totaled well over $500,000.00 for a three year battle….. Do NOT make the mistake and say ‘I’m healthy now’……
2. Money. Of course this is important (somewhat). Do you have an IRA, 401K, Retirement account, Money in the Bank, Social Security, and PM’s? All are important, as long as the Banking and Economy are stable, How about inflation, a crash, and unexpected expenses? Do you live a lifestyle that allows you to continue as is without wondering if you need to go on food stamps or live in a shelter?