Now more than ever you need a retirement planning checklist.
On 1 January 2011 the first baby boomer turned 65 and the baby boomer flood has started.Described as a pig (or porcupine!) in the snake. This demographic extreme will have a major impact on the world.
Everyone will be affected ... hopefully not as badly as this python!!
For a long time retirement was blissfully seen as a delightful transition from responsibility and the cost of children to the tranquil financial and physical freedom of retirement … to the wonderful world of "lakah" (life after kids at home)!
Wake up, the dream is over, wipe the sleep from your eyes. We are faced with a new reality. Drift into retirement at your peril.
It's going to be a long haul exercise … so be prepared.
The following are ideas for your retirement planning checklist. As you work through the checklist you may find it quite iterative. And, at times, you'll feel you're going around in circles.
I suggest that this is the final question to ask. As its answer depends on the answers to the questions below.
When you eventually get to the financial planning stage here are some of the financial questions to think about:
My personal motto is "retire with a purpose … or just start to die". I believe that at this stage of life is very important to have a meaningful purpose.
In most cases we are unprepared. For many people retirement is going to be tough and there are many reasons for the saying "old age is not for sissies".
I hope that this retirement planning checklist will jolt your imagination. Seeing retirement as a wonderful opportunity to start to live rather than a meaningless drift into extinction!
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