Getting Ready to Start Your Dream Retirement

The journey to retirement begins to take on a greater sense of importance during the final decade of your working years. That’s because the decisions you make during the last 10 years of your career are critical to your ability to actually enjoy retirement—however you may choose to define that season of life.

A lot of major life events tend to occur during the late stages of your career. If you have children they are likely launching their own careers and leaving the nest.

Define What Your Version of the Ideal “Retirement” Looks Like

What do you look forward to doing the most during retirement? Will you stop working completely or do you plan to take a part-time job or starting a business venture? There are no one-size-fits-all answer to these questions. Personalize your vision of retirement in a way that matches your values and life goals as you carefully consider what your ideal retirement looks like.

Run an Initial Budget Plan for Retirement

Reviewing your budget or personal spending plan is something most of us agree we should all be doing but is easier said than done. As retirement approaches the budgeting process takes on a whole new level of significance. Once you’ve identified where your money is going, you can try to free up some extra money to save and invest for retirement.

You can also go ahead and create a Budget Plan for Retirement to identify areas of spending like health care or travel that may be changing the most during your financial freedom years.


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Credits: Scott Spann

About the Author

How can you know what you should do if you don’t know what you can do? Author, radio personality, educator and financial planning pioneer Stephen Kelley shares his secrets to More Now, More Later™ retirement income planning. Most planners regard income planning as a “zero‐sum game,” a “Rob Peter to pay Paul” exercise. In these self‐serving, Wall Street‐dictated scenarios, people must limit the amount of income they receive to ensure they don’t run out of money in retirement. But there is an alternative to this “less now, more later,” or “more now, less later” mentality. Using state‐of‐the‐art income planning techniques, and his own trademarked “Last Things First™” planning process, Stephen Kelley blows the lid off the traditional Wall Street‐serving methods and brings retirement planning home to the individual retiree. In his books you will learn how to: - Unleash as much as 3 times the lifetime income using half the money with Kelley’s trademarked planning process, Last Things First™ - Ensure your Social Security benefits enhance, rather than impede, your plan. - Reduce, or even remove, taxes and fees from your retirement plan. - Maximize market returns while minimizing market risk. - Regain control of your pension so you not only get all the income you can, but so you can also leave it to your heirs. - Take control of the planning process so you can spend freely without worry. - Much, much more.

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