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Ready to Retire? Make Sure You’ve Hit These 9 Financial Milestones

July 24, 2025 By Catherine Reed Leave a Comment

Ready to Retire Make Sure You've Hit These 9 Financial Milestones

Retirement is a significant life event that many look forward to, but it comes with its own challenges, especially financially. Being ready to retire isn’t just about reaching a certain age; it involves meeting key financial milestones that ensure you can enjoy your golden years without financial worry. Here, we explore nine essential financial milestones to achieve before you decide you’re ready to retire. These goals will help you assess your readiness and ensure a solid financial foundation for the next phase of your life.

1. Debt-Free Living

Debt-Free Living

One of the most crucial financial milestones before retirement is eliminating high-interest debt, particularly credit card debt and personal loans. Carrying debt into retirement can significantly strain your finances, as fixed retirement income might not cover debt repayment and living expenses. Ideally, your mortgage should also be paid off, allowing you to live more freely without the burden of monthly loan payments. This milestone ensures that your retirement savings and income are devoted to your living expenses and enjoyment rather than paying off debts.

2. Building Adequate Retirement Savings

Adequate Retirement Savings

Ensuring you have enough saved to cover your retirement years is critical. Financial experts often recommend having at least 10-12 times your final pre-retirement salary saved. This should ideally be a mix of retirement accounts like 401(k)s, IRAs, and other savings or investment accounts.  If you haven’t already figured out how much money you need in retirement, assume at a minimum that you’ll need 75% of your current salary.  Next assume you can withdraw 4% from your nest egg per year.  Then compare the two figures.  This should tell you if you’ve got enough saved.

3. Healthcare Planning

Healthcare Planning

Healthcare costs in retirement can be significant. Having a comprehensive healthcare plan, including Medicare and supplemental insurance, is crucial. Consider the costs of long-term care insurance, which can cover expenses not included in regular health insurance. Being prepared for unforeseen health issues by having this coverage in place can prevent significant financial strain later.

4. A Tested Retirement Budget

A Tested Retirement Budget

Before you retire, test out a retirement budget. Try living on your expected retirement income for several months while still working. This will help you adjust your spending habits and ensure your budget is realistic based on your retirement income. This trial period can reveal unexpected costs and help you refine your budget before you fully commit to retiring.  Remember, nothing says you have to stop working in retirement – you can always work on smaller projects to bring in money or take a part time job.

5. Diverse Income Streams

Diverse Income Streams

Relying solely on savings or Social Security can be risky. Having multiple income streams can provide extra security. Consider rental properties, bond payments, dividends from investments, or a part-time job if you want to keep working. This diversification helps buffer against poor market performance that could affect your primary retirement funds.  A good place to start is by finding dividend stocks with an AI generated list.  Or, if you want an old fashioned human curated list, a good place to start would be the dividend aristocrats – or companies that have consistently raised their dividends for decades (here).

6. Updated Estate Plan

Updated Estate Plan

An updated estate plan is vital as you approach retirement. This includes having a will (or revising your current one), designating powers of attorney, and potentially creating trusts. These documents should be reviewed and updated to reflect your current wishes and ensure your assets are distributed according to your plans without legal complications.

7. Long-Term Investment Strategy

Long-Term Investment Strategy

Having a long-term investment strategy that shifts from accumulation to income generation is crucial. This strategy should be less about aggressive growth and more about preserving capital and generating a steady income. A financial advisor can help, but there are plenty of DIY tools available as well.  Most of the major brokerages like Schwab or Fidelity offer these kinds of tools – check your portfolio check up section.

8. Social Security Strategy

Social Security Strategy

Deciding when to start taking Social Security benefits is a significant decision. Although you can begin collecting benefits at age 62, delaying benefits until your full retirement age or even age 70 can significantly increase your monthly payments. Evaluate your health, financial needs, marital status and life expectancy to make an informed decision that maximizes your benefits.  Schwab has a good basic overview of factors pertinent in deciding when to take Social Security, here.

9. A Plan for Leisure and Lifestyle Goals

A Plan for Leisure and Lifestyle Goals

A major factor many retirees face when they first begin retirement is cognitive decline and associated mental health issues such as depression and anxiety.  However, research shows that an active lifestyle including maintaining hobbies and building or maintaining strong interpersonal relationships can reverse this decline (per Forbes).  Whether it’s traveling, hobbies, or spending time with family, make sure you plan how you want to spend your time. This includes budgeting for activities you enjoy and considering any potential costs associated with these pursuits.

These Financial Milestones Could Mean You’re Ready to Retire

These Financial Milestones Could Mean You’re Ready to Retire

Achieving these financial milestones can make the difference between a stressful retirement and a fulfilling and secure one. Being ready to retire means more than just stopping work; it involves meticulous planning and preparation to ensure your retirement years are as enjoyable as possible. Each milestone is a step toward creating a stable and rewarding retirement experience, giving you the peace of mind to fully enjoy this new chapter of your life.

Read More:

12 Cities You Wouldn’t Believe Are Retirement Paradises

5 Facts to Keep in Mind About Estate Planning

Catherine Reed
Catherine Reed

Catherine is a tech-savvy writer who has focused on the personal finance space for more than eight years. She has a Bachelor’s in Information Technology and enjoys showcasing how tech can simplify everyday personal finance tasks like budgeting, spending tracking, and planning for the future. Additionally, she’s explored the ins and outs of the world of side hustles and loves to share what she’s learned along the way. When she’s not working, you can find her relaxing at home in the Pacific Northwest with her two cats or enjoying a cup of coffee at her neighborhood cafe.

Filed Under: Retirement, ShareMe Tagged With: financial milestones, financial planning, ready to retire, Retirement, retirement income, retirement planning

12 Phrases You Should Never Use With People From Up North

May 30, 2024 By Catherine Reed Leave a Comment

12 Phrases You Should Never Use With People From Up North

People from different regions often have distinct cultures, customs, and sensitivities. When interacting with people from up north, it’s essential to be mindful of phrases that might come across as ignorant or offensive. Whether you’re traveling, relocating, or simply engaging in conversation, avoiding specific phrases can help foster better communication and understanding. Here are 12 phrases you should never use with people from up north.

1. “How Do You Survive the Winters?”

How Do You Survive the Winters

Asking how people survive the winters up north can come across as condescending. Many residents have adapted to the cold weather and have developed ways to enjoy and thrive during the winter months. This question implies that their way of life is harsh or abnormal. Instead, express curiosity about their winter activities and lifestyle without framing it as a survival challenge.

2. “Is It Always Cold Up There?”

Is It Always Cold Up There

While the north is known for its cold winters, it also experiences a variety of weather conditions throughout the year. Summers can be warm, and the region enjoys all four seasons. Asking if it’s always cold diminishes the diversity of the climate and can come off as uninformed. Recognizing the full range of weather patterns shows a more nuanced understanding of the area.

3. “You Must Love Maple Syrup”

You Must Love Maple Syrup

Although maple syrup is a popular product in some northern regions, assuming everyone from up north is obsessed with it is a cliché. This phrase can reduce people to a stereotype based on a regional product. Appreciating local foods is great, but it’s essential to acknowledge that people’s tastes and interests are diverse. Avoiding such generalizations helps prevent oversimplifying a culture.

4. “Why Do You Have That Accent?”

Why Do You Have That Accent

Commenting on someone’s accent can make them feel self-conscious or judged. Accents are a natural part of linguistic diversity and reflect regional heritage. Asking why someone has an accent can imply that it is unusual or incorrect. Instead, appreciate the variety of accents and recognize them as part of what makes conversations interesting.

5. “Do You Know Everyone in Your Town?”

Do You Know Everyone in Your Town

Small towns may have tight-knit communities, but assuming everyone knows each other is an overgeneralization. Northern regions, like any other, have varying population sizes and degrees of social connectedness. Asking this question can come off as trivializing the complexity of social networks. Acknowledging that communities vary widely in size and interaction can lead to more respectful conversations.

6. “Are You Used to Living in the Middle of Nowhere?”

Are You Used to Living in the Middle of Nowhere

Labeling northern regions as “the middle of nowhere” dismisses the vibrant communities and cultures that exist there. This phrase can be offensive as it implies that northern areas are isolated or insignificant. Many northern regions have rich histories, bustling towns, and a strong sense of community. Recognizing the value and uniqueness of these areas fosters a more respectful dialogue.

7. “You Must Be Really Hardy to Live Up There”

You Must Be Really Hardy to Live Up There

While resilience is a valued trait, assuming that all northern residents are exceptionally hardy can be reductive. People live in northern regions for various reasons, not just because of their ability to withstand harsh conditions. This phrase can overlook the everyday normalcy of life in the north. Appreciating the adaptability and strengths of northern residents without stereotyping them is key.

8. “Isn’t It Always Dark There?”

Isn't It Always Dark There

Northern regions do experience unique daylight patterns, including long winter nights and extended summer days. However, assuming that it is always dark oversimplifies these natural phenomena. Understanding the specifics of how daylight varies can lead to more informed and respectful questions. Recognizing the beauty and challenges of these daylight patterns shows a deeper appreciation for the region.

9. “Do You Get Around by Dogsled?”

Do You Get Around by Dogsled

It is true that dog sledding is part of the cultural heritage of some areas, and some people participate in it recreationally. However, that doesn’t make this a wise question to ask. While potentially meant as a joke, asking people from up north if they use dogsleds as transportation likely won’t win you any fans. It plays into an outdated stereotype and aligns with an overly simplistic view of northern life.

10. “Isn’t There Nothing to Do Up There?”

Isn't There Nothing to Do Up There

Northern regions offer a variety of recreational and cultural activities, from outdoor sports to festivals and arts. Assuming that there is “nothing to do” diminishes the rich array of experiences available. This phrase can come across as dismissive and uninformed. Learning about and acknowledging the local attractions and activities shows respect for the region’s offerings.

11. “You Must See the Northern Lights All the Time”

You Must See the Northern Lights All the Time

While the northern lights are a spectacular phenomenon, they are not visible every night. Weather conditions, light pollution, and geographical location all affect visibility. Assuming that people from up north constantly see the aurora borealis can oversimplify their experiences. Appreciating the rarity and beauty of the northern lights without assuming their constant presence shows a more nuanced understanding.

12. “Isn’t It All Just Wilderness?”

Isn't It All Just Wilderness

While northern regions do have vast natural landscapes, they also include developed cities, towns, and communities. Assuming that the north is only wilderness overlooks the complexities and advancements present in these areas. This phrase can be dismissive of the progress and modernization that northern regions have achieved. Recognizing both the natural beauty and urban development paints a more complete picture.

Say “No” to These Phrases When Talking to People from Up North!

Say “No” to These Phrases When Talking to People from Up North

Engaging in respectful and informed conversations with people from up north involves avoiding stereotypes and assumptions. By steering clear of these phrases, you can foster more meaningful interactions and show genuine interest in the region’s culture and diversity. Remember, appreciating the nuances of different areas leads to better understanding and respect for all.

Read More:

16 Old-Timey Phrases and Sayings That Would Sound Absurd to Gen Z Ears

15 Phrases That Give Away a Man’s Insecurities

Catherine Reed
Catherine Reed

Catherine is a tech-savvy writer who has focused on the personal finance space for more than eight years. She has a Bachelor’s in Information Technology and enjoys showcasing how tech can simplify everyday personal finance tasks like budgeting, spending tracking, and planning for the future. Additionally, she’s explored the ins and outs of the world of side hustles and loves to share what she’s learned along the way. When she’s not working, you can find her relaxing at home in the Pacific Northwest with her two cats or enjoying a cup of coffee at her neighborhood cafe.

Filed Under: ShareMe Tagged With: communication, culture, customs, language, phrases, social etiquette, social norms, up north

The Dangers of Blind Faith: 10 Examples from Notorious Cults

May 28, 2024 By Catherine Reed Leave a Comment

The Dangers of Blind Faith 10 Examples from Notorious Cults

Blind faith can lead individuals to surrender their critical thinking and autonomy, often with devastating consequences. Throughout history, notorious cults have exploited this phenomenon, resulting in tragic outcomes. Examining these examples can shed light on the dangers of blind faith and the importance of maintaining personal discernment. Here are ten instances where blind faith led to catastrophic consequences within some of the most notorious cults.

1. Jonestown Massacre

Jonestown Massacre

The Jonestown Massacre stands as a grim reminder of the dangers of blind faith. Led by Jim Jones, the Peoples Temple culminated in the mass suicide of over 900 members in 1978. Jones manipulated his followers into believing in a utopian vision, only to lead them to their deaths. The tragedy underscores how absolute trust in a charismatic leader can result in catastrophic loss of life.

2. Heaven’s Gate

Heaven's Gate

Heaven’s Gate, founded by Marshall Applewhite and Bonnie Nettles, is another example of the dangers of blind faith. In 1997, 39 members committed mass suicide, believing it would allow them to ascend to an extraterrestrial spacecraft. The cult’s belief system, based on a combination of Christianity and ufology, led its followers to an untimely death. This case highlights how unchallenged beliefs in otherworldly promises can have fatal outcomes.

3. Branch Davidians

Branch Davidians

The Branch Davidians, led by David Koresh, faced a deadly confrontation with federal authorities in Waco, Texas, in 1993. Koresh’s followers believed he was a messianic figure, leading them to a standoff that ended with the deaths of 76 cult members. The incident illustrates the dangers of blind faith in a leader who demands absolute loyalty and leads followers into deadly confrontations. The tragedy remains a poignant example of the consequences of unwavering devotion to a single authority.

4. Aum Shinrikyo

Aum Shinrikyo

Aum Shinrikyo, founded by Shoko Asahara, orchestrated the 1995 Tokyo subway sarin attack, killing 13 and injuring thousands. Asahara’s followers believed he was a divine figure destined to lead them through an impending apocalypse. The cult’s blind faith in Asahara’s vision led to one of the deadliest acts of domestic terrorism in Japan. This example demonstrates how blind faith can escalate into acts of extreme violence and terror.

5. The Manson Family

The Manson Family

The Manson Family, led by Charles Manson, committed a series of murders in 1969, including the infamous killing of actress Sharon Tate. Manson’s followers believed in his apocalyptic prophecies and were willing to commit heinous acts under his direction. The case exemplifies how charismatic leaders can manipulate followers into carrying out violent crimes. The Manson Family murders remain a chilling testament to the dangers of blind faith in a deranged leader.

6. Children of God

Children of God

The Children of God, also known as The Family International, was founded by David Berg in the late 1960s. Berg’s teachings included controversial practices such as “flirty fishing” and child exploitation, leading to widespread abuse within the cult. Members’ blind faith in Berg’s divine authority facilitated these harmful practices. The group’s history highlights the severe psychological and physical dangers that can arise from unquestioning devotion to a manipulative leader.

7. Order of the Solar Temple

Order of the Solar Temple

The Order of the Solar Temple, a secretive sect led by Joseph Di Mambro and Luc Jouret, ended in mass murder-suicide in the 1990s. Members believed they were destined for a higher spiritual plane, leading to the deaths of 74 people across Switzerland, France, and Canada. The cult’s blind faith in their leaders’ apocalyptic prophecies had fatal consequences. This case underscores how spiritual manipulation can lead to collective tragedy.

8. Rajneesh Movement

Rajneesh Movement

The Rajneesh Movement, led by Bhagwan Shree Rajneesh (Osho), became infamous for its bioterror attack in Oregon in 1984. Followers poisoned salad bars with salmonella, sickening 751 people, in an attempt to influence local elections. Blind faith in Rajneesh’s vision led members to commit serious crimes to further the cult’s agenda. The incident reveals how unquestioning loyalty can result in public health crises and criminal behavior.

9. FLDS (Fundamentalist Church of Jesus Christ of Latter-Day Saints)

FLDS (Fundamentalist Church of Jesus Christ of Latter-Day Saints)

The FLDS, led by Warren Jeffs, is known for its polygamous practices and systemic abuse. Jeffs, considered a prophet, enforced strict control over his followers’ lives, including underage marriages and isolation from the outside world. Members’ blind faith in Jeffs’ authority allowed these abuses to continue unchecked. The FLDS exemplifies how blind faith can perpetuate human rights violations and exploitation within closed communities.

10. NXIVM

NXIVM

NXIVM, founded by Keith Raniere, disguised itself as a self-help organization while engaging in human trafficking and exploitation. Raniere’s followers believed in his teachings and allowed themselves to be manipulated and branded as part of a secret society. Blind faith in Raniere’s promises of personal growth led members to suffer abuse and degradation. The downfall of NXIVM highlights the dangers of blind faith in charismatic leaders who exploit their followers for personal gain.

These Notorious Cults Are Prime Examples of the Dangers of Blind Faith

These Notorious Cults Are Prime Examples of the Dangers of Blind Faith

The examples of these notorious cults illustrate the profound dangers of blind faith. Individuals who surrender their critical thinking and autonomy to charismatic leaders or manipulative belief systems often face devastating consequences. Understanding these historical instances serves as a powerful reminder to maintain personal discernment and question authority. Blind faith can lead to tragic outcomes, making vigilance and skepticism essential for protecting individual freedom and well-being.

Read More:

15 Astonishing Facts About Lesser-Known Religions

21 Terms That Subtly Promote Religious Exclusivity

Catherine Reed
Catherine Reed

Catherine is a tech-savvy writer who has focused on the personal finance space for more than eight years. She has a Bachelor’s in Information Technology and enjoys showcasing how tech can simplify everyday personal finance tasks like budgeting, spending tracking, and planning for the future. Additionally, she’s explored the ins and outs of the world of side hustles and loves to share what she’s learned along the way. When she’s not working, you can find her relaxing at home in the Pacific Northwest with her two cats or enjoying a cup of coffee at her neighborhood cafe.

Filed Under: ShareMe Tagged With: catastrophes, cult behavior, cults, dangers of blind faith, massacres, notorious cults, psychology

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