In our previous newsletter, we explored the fundamentals of retirement planning. Now, let’s take a deeper dive into creating a comprehensive retirement strategy. Retirement marks the beginning of a new chapter filled with possibilities, but enjoying this phase comfortably requires thoughtful planning. Here’s a six-step action plan to help you craft a robust retirement roadmap.
Set Clear Retirement Goals
Your retirement journey should begin with clear, personalized goals. Consider how you envision your post-work life, keeping in mind the three phases of retirement:
Go-Go Years:Â A dynamic phase of active living filled with travel, hobbies, and new experiences.
Slow-Go Years:Â A slower phase with reduced adventures but continued personal engagement.
No-Go Years:Â A stage with limited mobility and increased healthcare needs, requiring greater financial preparedness.