“I would like to retire in five years, but I am not sure I will be able to afford it. What do I need to do to prepare?”
We often hear variations of the question above from our clients. Between working and living life, they suddenly realize retirement is approaching rather quickly and they aren’t necessarily financially prepared. If your goal is to retire in a few years, it’s important to make sure you have all your ducks in a row. Check out the seven helpful tips below to get you thinking and ready for retirement.
While the list above may be short, it’s a great place to get started. You should also consider sitting down with a Certified Financial Planner to review your goals and objectives to see if they are attainable. If you don’t plan to retire in the near future, the goal is to get to a point in your life in which you can work because you want to work, not because you have to work. Taking small steps in the short term can make a big difference in the long term.
Read More: There are multiple factors to consider when planning for retirement, which is why it’s crucial to start early. Once you’ve determined your retirement goals, it’s time to start estimating expenses. Learn more in our blog post, Retirement Planning: Crunching the Numbers.
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