5 Critical Things to Do Before You Retire

As you get older and reach your golden years, there are several things you need to get in order before retirement. You likely met with a financial planner many years ago who advised you to begin saving and investing to build up a financial cushion to carry you through your later years. But there’s a difference between planning for retirement and making preparations for retirement. Now that retirement is just around the corner, it’s time to make some decisions and begin making changes to your lifestyle. Here are five things to do before taking the plunge into retirement.

Has Your Family Hit These Money Milestones?

One of the biggest concerns financial planners talk about is the possibility of an impending retirement crisis. Many Americans have very little money squirreled away for their golden years. When it comes to retirement, hope alone won’t cut it. People need to start planning as early as possible for the later years. Here are some money milestones future retirees should begin working on sooner, rather than later. 

Investments to Consider for Retirement

The two primary purposes of Retirement Investments are: Provide Enough Income to support an acceptable quality of life & Outlast You. Thus the key is to find the proper mix of investments that will meet these two primary objectives.

Why We Downsized Before Retirement

Recently I was reading an article on Trulia entitled, 8 Reasons Why You Should Buy A 1,000-Square-Foot House and it reminded me of many of the reasons why my wife Lisa and I decided to downsize even though we weren’t ready to retire yet. We were living in a 3,200 sq. ft. house on 3 acres in the countryside near Richmond, VA. The house was beautiful, we had spent years getting it just like we wanted it. We bought it when our two children were small and the house was only 1,200 sq. ft. Then we added an addition on that included a Master Suite, Living Room, Two Car Garage, and large home office. As the children grew we gradually added four raised bed gardens surrounded by a chicken run and chicken coop. We had every tool imaginable in our two garden sheds, and two double carports.

Retirement on the Horizon? Financial Tips to Plan for your Future

Being properly prepared goes a long way when it comes to your financial future. Therefore, here are four financial tips to help you be properly prepared for Retirement.

The Personal Side of Retirement

Remarkably little attention has been given to such important questions as the impact of retirement on family relationships, friendships, and sense of self-worth. We know that such personal considerations are key determinants of satisfaction and fulfillment in every stage of life and this includes retirement.

Preparing for a Worry-Free Retirement

Unfortunately, many people fail to begin saving early on, so they are unable to live as comfortably as they’d like in their golden years. To plan for your financial future and enjoy a worry-free retirement, there are a few important steps to take when thinking ahead.

Retiring Right: What You Need to Know About Retirement Planning

Over 38% of Americans have no intention to retire. And 31% of non-retired adults report that they have no retirement savings or pension. While, 46% of the respondents indicate that an unexpected $400 expense would be challenging to handle and that they either could not pay the expense or would borrow the money or sell something to do so.