Whether you’re nearing retirement or have already entered this stage in your life, planning out how to live your golden years can be daunting. You want to ensure you will not outlive your money, but you don’t want to scrimp so much that you can’t enjoy your retirement.
The good news is that you can feel more confident in your retirement by establishing a vision for what you want this period of your life to look like and base your plan around that vision. With a clear picture of what you want retirement to be, you can establish corresponding goals in areas such as how much you need to save, how much additional income you need to earn (if any), what types of insurance you should purchase, and more.
More specifically, defining your vision is the start of an eight-step process that we lay out in our complimentary ebook to help you prepare for retirement. We recommend downloading the ebook so you can discover more details on how to make your retirement vision a reality because retirement planning is too nuanced and important to gloss over.
However, to help you get a baseline understanding of what the progression looks like from envisioning your retirement to having a full-fledged retirement plan, we have laid out the eight steps in an abridged format here.