Are you ready for retirement?
Ask yourself these three questions:
1. Do you have enough money to take care of all your needs?
2. Do you know where you want to live?
3. Do you know how you are going to spend your days?
First of all before retiring from a job or a business you have to be ready. When making out a budget you have to plan for inflation and unexpected expenses. A good check on your investments, and all income is extremely important before taking this venture. You want to be sure there is enough money to cover your basic living, unexpected expenses and special things you will want to enjoy.
Do you want to stay in your same home? Maybe you want to move closer to your children. Perhaps you have an eye on living in a warmer climate or even leave the country. Living in a foreign country can be an adventure and also many times cheaper than living in the United States. You have to be ready to leave family and friends. Maybe you just want to pay off your present house and do some redecorating.
Plan your days ahead. After a busy life of working, running errands and just taking care of things your life will change. Do you have enough hobbies and activities to keep you busy on a daily basis? Have you thought about starting a retirement business? Do the research on this area of your life before leaving your present job. If you have been let go or decided to close your present business there are many ideas for a part time business. Thanks to computers today there is a fair amount of work offered online if you have good computer skills.
Retirement can be an exciting time of life if it is well planned. Take your time and do a lot of research before taking this big step.