Retirement planning should not be taken lightly. Consider for a moment having to go back to work years after retiring, but having to take a minimum wage position because you are no longer qualified for the positions you previously held.
Make sure you consider some of the following to make sure you get a good start in your planning:
- Set your priorities. Any good plan starts here. If you set solid priorities it will make funding goals that much easier. Especially when you have to make tough choices between specialty coffee drinks everyday oooooorrrrrrr a sail boat…
- Get your financial life gathered. The only way to know where you are going is to know where you are today. Also, this will also give you a good idea if you have holes in protecting your plan. You need to make sure you protect not just build assets.
- Be objective. This sounds easy, but when we are several years from retiring it’s easy to say we will spend less in retirement in order to justify why we can’t save more today. Keep yourself in check! Be realistic and objective.
To receive other timely information follow us here.
Always remember that while this is an investor education piece, this does not trigger or relate to trading activity on your account with Financial Future Services. This article is for informational purposes only and not intended as a recommendation. Each investors circumstances are different and a full review of you situation is necessary for a recommendation.
Any and all third-party posts or responses to this blog do not reflect the views of the firm and have not been reviewed by the firm for completeness or accuracy.