Ideal Retirement Life

Envision your ideal retirement. The ideal retirement is going to look and feel different. You want something to retire to rather than just quitting what you are doing.

Each of you wants and needs something that is uniquely yours. Just as no two fingerprints are identical neither is the retirement experience. If you are coupled, your experience will be different that your spouse's.

Retirement planning now ranks as the number one money concern, but less than 50 percent of have begun to save using their retirement plans at work. Younger seem to be better at this than older.

My lady from McDonald's thought she was going to have the ideal retirement. What she didn't understand were the obstacles that could derail her planning. So what's your ideal retirement going to look like, and do you have a backup plan?

For each of us, the ideal retirement is going to look and feel different. You want something to retire to rather than just quitting what you are doing. Most people do best when there is some structure to their lives. Every day would be a Saturday! Now, some of you may be jumping up and down at that prospect, and the rest of you are wondering what you are going to do after day 23.

 

What does your ideal look like? Retiring at age 60? Working two days a week because you want to? Staying in your own home with a $50,000 income stream and several trips already planned for the upcoming year with your friends?

That sounds good to me. The only thing I might add would be a garden to play in with my summers free to entertain my grandkids. Your ideal retirement might be an RV with one of those little cars being pulled from behind. Maybe a condo in Arizona for the winters and a cottage on a lake in Minnesota for the summers. Maybe a new career or joining the Peace Corps. Start planning!