After many decades of a hardworking life, you deserve the retirement of your dreams.
Unfortunately, many people never get that dream-come-true, and it’s a shame because it’s more attainable than people realize.
Luckily for you, I’ve made the process much easier so that you can have the dream retirement you’ve worked so hard for!
One of the biggest issues that arises in terms of retirement planning is being unrealistic.
Now that’s not to say that aspiring retirees are purposefully unrealistic or being naïve, it’s just extremely difficult for people to accurately plan out each step of their retirement, and know every single cent they’ll need saved up to survive.
So, don’t worry—I’m not about to tell you that you need to dedicate some serious time and effort and come up with an all-inclusive plan of how you’ll tackle retirement.
What I’m suggesting is infinitely easier than all that, because at the end of the day, you’ve worked hard your whole life and you deserve a retirement that rewards that work.
To ensure you’re situated for the retirement of your dreams, you just need to answer these simple questions.
Firstly, you need to ask yourself how long your retirement will last.
Now, this can be a pretty uncomfortable question as it forces you to look seriously and critically at your own longevity.
While it can definitely feel easier to ignore the question as a whole, it is the first thing you need to address when planning for retirement.
When thinking about this question, keep in mind that the vast majority of people preparing for retirement underestimate how long they’ll spend in retirement.
Living longer is a great thing, but you need to be prepared to live that long and have finances to see you through until the end.
The second question you need to ask is when you will be ready to retire.
In a perfect world, we might wish we could retire now and move to some secluded beach house to spend the remainder of our days in paradise.
Realistically, though, a time frame for when we’re actually ready to retire is based on far more than our desire to quit work and relax.
The things you need to think about to determine when you’ll be ready to retire are the things that will be changing the most, such as not going to work every day.
There may be days where you hate your job, but deciding to leave the workforce for good is still a big decision and takes some consideration.
Finally, ask yourself what you’ll do in retirement.
You may feel inclined to answer that question with all of the things you’ve been dreaming of doing as soon as you no longer have to clock in to a 9-to-5.
Realistically, though, you need to get tough with yourself and think about what your day-to-day will look like.
You also need to get realistic about what your expenses will be.
You should develop a personalized spending estimate that’s based on all the things you want to do in retirement, including your personal interests, vacations, and planned activities.
Also needing consideration is the kind of retirement lifestyle you want to live, including what city (or cities) you want to live in, as well as what kind of residence you want (be it a house, condo, etc.).
Planning for retirement can feel overwhelming, but I’m here to make it easier.
Breaking it down into smaller, workable steps will do wonders, as well as having an actual written plan.
Surveys have shown that those retirees who started with written plans were more satisfied in retirement than those who didn’t.
The best thing you can do to ensure you live the retirement of your dreams is to start planning early, be realistic, and write everything down.
It truly can be as easy as that.