Retirement Gearing is about understanding what you want from your future and planning to achieve it. We will talk about the following:
Creating a realistic retirement plan.
Financial plan based on the retirement plan.
What lifestyle balances need to be made.
Constantly adjusting the plan to meet your needs.
How to create a realistic retirement plan, this will be based on what you know today and will need to be adjusted as life and economies change.
How to create a financial plan based on the retirement plan. This is where some hard decisions may need to be made and expectations set.
Ensuring that a lifestyle balances are taken into account, we don’t want to spend all our lives planning and saving without living our lives. As Retirement Gearing states “Retirement is a Journey not a Destination.
How and when should the plan be reviewed, we don’t want to spend our lives counting pennies in our castle!
A get rich scheme to solve all your retirement concerns.
Supposed to turn you into a financial planner, you may want to create your plan and then talk to a financial planner about how you achieve it. If you go to a financial planner with a plan, it will make their job a lot easier.
Based on the FIRE (Financial Independence Retire Early) mantra. While they have some really good information on their sites, if I want to go on holiday three times a year and work longer to achieve then that should be in the plan.
You can either start at the beginning, browse around, or dip in and out.
Young or Old it doesn’t matter, drifting without a plan and hoping for the best is never a good idea.