What Is The Best Retirement Plan?
“If you start off in the wrong direction there is a good chance you will end up in the wrong place”
Financial planners will tell you that your starting point is a financial retirement plan in order to secure your retirement income. If you have already decided that this is a priority then get it out of the way, but, remember it is not the only goal for a good retirement. A positive retirement needs a more stable foundation than money in the bank. Let’s face it money has a habit of disappearing! If you already know that money doesn’t buy happiness or if you haven’t got enough spare cash to interest a retirement income then read on! I want to share a starting point that should come before you start talking planning, (remember my Plan A) and before you start talking to a financial adviser about your retirement income.
“If you already know that money doesn’t buy happiness or if you haven’t got enough spare cash to interest a financial retirement planner then read on!”
Where to start then? Well we start with where we are now communicating. If you are retiring with your spouse then you start by talking to each other. Talking about your expectations can uncover a few surprises. Dealing with the fall out of changing roles and relationships is not a good place to begin your retirement plan. If you are a solo retiree you need a friend or family member to be your sounding board. Choose wisely! Planning for your retirement begins with knowing what you want plus what your spouse wants! Sounds simple but one of the main frictions in retirement is assuming you know the expectations of your significant other.
“Planning for your retirement begins with knowing what you want and, if you are a retiring couple, what your spouse wants”
In “The Best Way To Start Your Retirement” you will find 8 steps should follow before you retire. They are guaranteed to minimize retirement conflicts and give you the opportunity to find your comfort zone.
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