People spend their lives dreaming of their retirement, but often times when they reach retirement they don’t know what to do. Questions arise like:
- How do you spend your time?
- Where do you want to live?
- How can you continue learning?
- How can you afford everything?
In this episode of Your Money, Your Wealth Joe Anderson, CFP® and “Big Al” Clopine, CPA share key elements of a retirement lifestyle plan to consider when planning for that next step in your life. Learn how to find your “number,” which tells you how much you will need to sustain your retirement lifestyle. Understand that people are living longer and retiring earlier, making it more challenging to make your money last. Once you know what it is you want out of your retirement, then you can take the next steps in figuring out how you will fulfill this.
4:00 “You can start a business, you can travel, you can volunteer, get involved in clubs. Do something that you are truly passionate about”
10:19 “What is the top travel destination in the continental United States?”
15:40 “If you look at divorce rates right now, they’re highest with couples in thier sixties”
21:10 “If you’re still working, try to save a little more, work on spending a little bit less, and believe it or not, working an extra year or two can make a big difference in your overall retirement”