Retirement Income Planning
Are you ready to retire?
Not so fast….Have you considered these important factors?
- How active will you be after you retire?
- Will you work part time? Is there something part time you want to do that your current career would have prepared you for? Would there be a possibility of staying on part time in your existing career? How much will you have to or want to work?
- What are your goals for retirement? Do you want to travel or have special plans for your leisure time?
- How will your retirement affect those around you?
- This decision will affect your family- what affect will your retirement have on family members?
- What will your relationship be like with those who you worked with?
- How will retirement affect your financial situation?
- Is full time retirement even possible?
- What are the sources of income you can count on in retirement? What is the sustainability of those sources of income?
- What is the backup plan should unforeseen factors come up and jeopardize your retirement plan?