Optimal Finance Daily - Financial Independence and Money Advice 3486: How to Retire: 5 Steps to a Secure Future by Kathleen Coxwell of New Retirement on Confident Retirement Planning
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Mar 11, 2026 Planning retirement in five-year segments to define purpose and goals. Beating retirement block by jotting ideas and using detailed calculators. Modeling scenarios with spouse data, debts, healthcare, and savings options. Fixing shortfalls by delaying benefits, working longer, annuities, or tapping home equity. Creative fixes like downsizing, passive income, or retiring abroad.
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Plan Retirement Around Purpose And Five Year Segments
- Do define what you want to do in retirement before planning finances.
- Think in five-year segments and retire to activities that give purpose, not just to escape work.
Beat Retirement Block By Jotting Down A First Plan
- Do start planning even if you feel blocked; jot down initial ideas to overcome retirement block.
- Use retirement calculators to get a baseline and expect to revise the plan multiple times.
Choose A Detailed Retirement Calculator
- Use a detailed retirement tool that asks about spouses separately, debts, individual accounts, and variable spending.
- Pick calculators that model medical/long-term care, different savings rates, and let you save and update scenarios.