Everyone looks forward to retirement as a time to make things simpler and have some time to enjoy life. That doesn’t necessarily mean you stop working, though you might. Or then again, you might not. Retirement is a time of new starts for many. At least, it is an excuse for new starts. I think that is great. If you are near retirement, you should be thinking about the subject, as you might have to make some adjustments to your plan. If you are young, you better be thinking about the subject as what you will face 30-40 years down the road might look very much different than you thought it would. Folks in the middle, they have a bit of latitude to make adjustments with a pretty good idea of what retirement would be like for them but, with no plan, they probably won’t stand a chance of getting where there dreams had hoped. There are more than enough resources to address the financial part of the subject. But to understand your financial future without thinking about how you want your life to look, is not realistic.
Some Aspects To Consider
If you are hoping for a simpler retirement lifestyle, there are many areas that need to be given some thought.
Location, Location, Location –
- Do you plan to move from where you are now or stay?
- Why? Most stay because of family but some do not.
- Where do you want to go?
- How do you know?
- Why do you want to go there?
Your Home –
- Keep what you have or get something new?
- Bigger or smaller?
- Own or lease?
- House or town home or ???
- Land or not?
- Plan to have one?
- How do you execute on it?
I will be talking about each of the above topics and much, much more, in depth in future installments but at this point, if it isn’t on your horizon . .
The question is, shouldn’t you give this subject the serious thought it deserves?