Thursday, February 4, 2021
GETTING READY TO RETIRE: THINGS TO KNOW Most people think of retirement as a finish line. In actual fact, retirement is a journey. These days, the average retiree is expected to live longer. This leaves one important question you may be asking yourself—will I have enough to live the life I want in retirement? Here are some tips and strategies which can help you refine your plan and adjust it based on your changing needs. How would you like to spend your time? What will an average day in your retirement look like? Perhaps it will consist of leisure activity, extensive travel, or part-time work. For some, it may include a phased approach with early retirement years spent traveling and later years spent close to home. Once you have a sense of your life in retirement, you can start estimating expenses. While it's impossible to know exactly how much you'll spend, you can get a good sense by looking at current expenses and projecting ahead based on your first few years of retirement. Consider breaking your expenses into these three categories: Essential expenses This includes
New Year; A Step Closer To Retirement
Tuesday, February 4, 2020
The New Year comes with new commitments, resolutions, and rededications. It is also a year closer to retirement. After spending the Christmas holidays (which comes with a lot of spending) with family and loved ones, the New Year should be a moment to reflect on and how the year will be like in terms of your future and retirement.