When I decided to try “Dry January” – a month without alcohol – I didn’t expect it would lead me down a fascinating path of retirement research.
As a moderate drinker who typically enjoys a couple of glasses of wine or bourbon at home, I was curious about the health benefits.
What I discovered went far beyond better sleep and losing a few pounds.
The financial impact caught my attention first: skipping my usual drinks saved me between $75-100 monthly – not insignificant for someone on a fixed income.
This realization led me to dig deeper into retirement finances, where I encountered some sobering statistics.
80% of retired Americans are either struggling financially or worried about money.
This financial reality has broader implications when considering that 70% of those over 65 will need long-term care at some point in their lives.
While these statistics might seem daunting, there are always options to improve our financial outlook.
For those feeling financial pressure, returning to work part-time or consulting can provide additional security.
While I’ve transitioned from my career coaching practice to focusing on retirement lifestyle content, my previous resources about age-proofing resumes and navigating mid-to-late career challenges remain available to help those considering this path.
I dive deeper into these insights and share more personal reflections in my latest YouTube video.
Click here to watch “How A Dry January Sparked My Retirement Finance Wake Up Call” and join the conversation.
I’d love to hear your thoughts in the comments.
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