When we are motivated by goals that have deep meaning, by dreams that need completion, by pure love that needs expressing - then we truly live life.
Greg Anderson
Things you need to know:
- You will know that you are truly ready to retire when you have a clear "vision" of what your retirement will look like.
- To master your retirement, find a balance between your health, your relationships and your activities.
- The financial objective is to maximize after-tax income by minimizing income taxes. This issue alone can have great impact on mastering your retirement.
- You will never think you have enough money to retire. You will always feel you need more.
Questions you need to Ask
- Are you retiring "from" a bad situation at work OR are you retiring "to" a clear vision and journey that you are excited to embark upon?
- If you had more control over your working environment, would this influence how and when you retire?
- Do you "need" to continue to work so as to feel that you are remaining active and involved in the community or for your own enjoyment?
- Do you and your spouse have a different vision of retirment?
- What do you need to do to find the ideal compromise?
Decisions you need to make
- What is my retirement vision? My spouse's vision? How do we combine these two visions?
- What are my goals for retirement?
- Should I retire gradually?
- Should my spouse and I both reture at the same time?
Things you need to do
- Begin making a list of your Top 100 things you would like to do during your life.
- Begin to map out your timeline, when you would like to have things completed by.
- Think of your future in terms of health, activities, relationships and milestones.
- have you spouse complete the same three steps and compare your answers
Next week I will post another contribution from Douglas Nelson's book "Master Your Retirement". Also, if you want to get email updates when this blog is updated, please enter your email address on the front page, left hand side.
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