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May 16, 2008, Newsletter Issue #98: Am I Ready for Retirement?
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Tip of the Week
Today, more seniors are working in retirement due to lack of retirement income. While retirement planning is the key to a successful strategy and money management, those who haven't reached their goals may decide to stay in the work place until they have acquired more money. Here are some questions to ask when evaluating whether or not you are ready for retirement: · Have I reached my financial goals as laid out in my financial plan? · What will my expected income needed be for my retirement? · Have I put money aside for unexpected medical expenses? · Am I going to live a lifestyle that is unrealistic for my financial goals (traveling, dining out, vacationing) It is important to have a realistic expectation of your retirement financial needs so that you don't run out of your money
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