How the Beautiful Sand Beach of Siesta Key, FL May Affect Your Retirement

I took a little RR trip a few weeks back to Siesta Key Beach near Sarasota, FL. If the beach is your thing, Siesta Key Beach is constantly rated one of the top ten of beaches in our country by Dr. Beach.

Dr Beach (Dr. Stephen P. Leatherman) yearly reviews all the beaches and comes up with his top ones out of 650 beaches in the nation. He has developed 50 criteria to rate each beach. Dr Beach consistly rates the beach high I have my toes in now, Siesta Key Beach for it crystal clear water, excellent facilities and some of the world’s finest sand quartz masquerading as beach sand.

            When you take up the sand in your hands its texture is like fine talcum powder… it feels like something you would use to smooth out your wrinkles in the bathroom.

Now, let’s make the transition from beach sand to your final years? Is your retirement adventure early in the beginning stages or are you in retirement now perking along? Did you know that most retirees within the first five years after they quite the 9 to 5 grind spend similar as they did during their working days?

Vacationing at the beach is something enjoyable millions of Americans do. Bet you don’t know that a lot of the retirement resources of new retirees go to traveling—not only to the beach, but to destinations most retirees plan for like Europe, a cruise, visiting the grandkids states away— or just getting a go to destinations build on dreams.

Seniors love to travel and will take an average four to five trips in a year according to AARP’s first ever 2015 travel survey, which found that the 50-and-older set are looking for relaxation, indulging in everything from extended family trips to romantic getaways.            However, it appears that extra spending such as for travel in pre-retirement and actual retirement gradually decrease over time unless health-care costs cause it to rise again in life’s final years. Common sense tells us retirees’ increased spending occurs earlier in retirement.

Its significance rises, however, because the most-quoted “safe withdrawal” research takes an approach that ignores this evidence.  Instead, it consistently assumes that retirees increase their spending by inflation each and every year of retirement.

To sustain such spending growth, they stipulate withdrawal rates of 4% (if not less).  As a result, their prescriptions conclude that a secure retirement requires more savings and/or years of working more than actually necessary. They become assuming retirement spending is static.  Instead, it is dynamic over one’s retirement–ebbing and flowing as “life” and “bucket lists” intersect–and in a steadily decreasing pattern.

Whatever, spending and saving scenarios you subscribe to­­–keep the sand between your toes, modify your bucket list and enjoy while the sun is shining on your backside. Oh yes, don’t forget to save!

474 wds/2 minutes/38 sec


Author: David Wilkinson

Web master: web site is marketing concepts for small businesses targeted around web site design and follow on customer building concepts like email marketing, use of social media, media coverage and search engine optimization. In addition, Wilkinson is a bookwriter. Along with his brother,Don, David has written and published two business books: "Stop Wasting Your Wealth in Mutual Funds." and "Rollover— Make Your Retirement Savings Last Longer Than You Do" Second book schedule to be published in February 2017.

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