When should you plan for your retirement?
Let's begin at the very beginning. (I'm sure Julie Andrews would not object to that)! Are you starting to look back and feeling nostalgic? But wait, that won't do because you need to do some pro-active thinking and planning to make sure your retirement is fun, and not an endless period of boredom. To enjoy your life after retirement, you need to plan for your retirement much before you retire. Assuming that you've taken care of your financial needs and you know just how much you can comfortably withdraw from your nest egg each year, let us now focus on your lifestyle after retirement.
What are the things that you can do after retirement?
According to a recent US survey, it has been found that about 23% of the respondents felt that retirement leisure time planning and developing retirement hobbies was necessary. But slightly over 24% affirms that financial planning was more important. A retirement Lifestyle is completely different from the lifestyle of that of a workplace.
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