Three Retirement Risks No One Is Talking About

I Thought I Was Ready to Retire, but…

Photo by Harli Marten on Unsplash

I’m 59 and getting ready to retire. I’m doing all the right things.

• Catching up on 401ks. Check.
• Selling the house to downsize. Check.
• Eliminating the mortgage. Check.
• Reducing costs. Check.
• Getting the right insurance. Check.

As near as I can tell, I’m set up. There should be enough money to go all the way.

So, I am worry-free, right? Wrong.

I am still worried because I am watching the world, and the world is serving up a lot of consternation.

Challenge #1: No One Plans for a Continuation of the Pandemic

The longer we deal with COVID, the longer we may continue to deal with it. Vaccines help and so will the new pills Merck and Pfizer are testing now. But their primary benefit is not to prevent infection, it is to reduce hospitalization and death — at least of this particular strain of the virus.

We don’t know how the virus might change.

We don’t know if it will go away.