9 Moves to Boost Your Retirement or Even Retire Early!
7) Think Realistically About Retired Living
If you want to prepare well for retirement, you must think about how retirement will be. You may have a dream plan in mind, but affording a perfect retirement can be out of budget for many. You should evaluate your current income, and figure out what you can reliably save. It does no good to plan for an extravagant retirement if having one will make you run out of money. If you look at all your options, you can find a compromise between the ideal and the financially feasible. If you have things you definitely want to do in retirement, start setting aside some funds for that now. Having a clear plan about what you can afford will give you a realistic look at what your options for enjoying retirement will be.