Yup, retirement. You don’t want to wait till you are 50, 55 or 60 before you start pondering about your retirement. By then, it may be too late.  Worst of it all, you don’t have to wait until you are mentally or physically incapable of working before you start thinking about how to finance your post workplace life.  That’s asking for trouble, serious trouble.  Here are some tips as to how you can establish a better retirement plan so that you maintain the same or even better quality of life, long after you say, “Ta-ta” to your employer:

  • Start planning early.  Early could mean anytime – today, tomorrow, next week…  The sooner the better but do not beat yourself up for not starting while you were in your 20’s. It’s better late than never.  If you’ve missed the early boat, do not be disheartened. Being older and more mature may even work in your favor while planning your retirement. You just have to look at things on the bright side.
  • Invest, Invest, invest
  • Be smart about your money
  • Enjoy life and be happy
  • Take calculated risks
  • Take care of your health
  • Project to retirement 10 to 12 years early
  • Travel to places while working and while you have the energy to do so. You don’t want to spend your retirement years having regrets about not being able to have visited your dream destinations.  You want to spend your retirement days savoring and reliving all the fun you had
  • Create income generation streams
  • Create your will

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