Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Retirement Planning and other Retirement Planning topics.
Knowing when it is time to retire doesn't have to be a guessing game. By using financial tools, sticking to your pre retirement budget, and through careful retirement planning, you can set a goal and determine how much money you will need for your retirement. Some important costs to plan for include: · Everyday cost of living · Proposed life expectancy · Medical bills and health needs · Travel expenses A Financial Planner can assist you with many financial tools that will help you prepare for retirement.