In the early retiring community, most often get trapped into the desire of retiring from work prematurely, often to live out the remainder of their lives at work, jobless bliss. And honestly, that is fine. BUT should always be focused solely on the ultimate end result. After all, if anything can do so now, then it will surely come back later in spades when finally pulled the plug. To me, the most important thing to have done before retiring is to have planned the way forward and planned for any eventuality, short of a natural disaster, economic meltdown, or a sudden health crisis.
The next step that you should take is to assess your circumstances in order to determine where you’re planning to retire. Decide where will you want to retire and why. For instance, I’m planning on retiring in India, since I love the country and my family are settled there. That’s not a hard decision to make. Now, once you’ve determined where you want to retire, write down your retirement plan. You should know clearly your exact goals. Determine whether you wish to achieve these goals or whether you’ll settle for a more modest retirement and keep working, just until your current situation has reached its optimum and you feel it is time for retirement. Once you have decided this, you should take the time to go through your plan and figure out what you’ve achieved in terms of your goals. Now the final stage. It is time to decide how much money you want to set aside for retirement. A good rule of thumb is that whatever you have in savings at present should be more than one third of your total income. Don’t be tempted to use your credit cards in the first years of retirement.
Instead, put the money into savings to increase your available cash flow and allow for the extra income you may have. later, in life, when the economy may be stronger. I hope this article is of some use to you, especially if you are considering a longer stay in work after you are retired. If you need additional information on retiring early, please check out my other articles on my website.
A Retirement Extreme is an excellent book written by Dr. David Bachman. If you want to learn how to retire early, he has all of the answers you will ever need. In his book, Retirement Extreme, Dr. Bachman provides you with valuable information about how to live your life after retirement. It covers everything from how to find your new career to planning for a second marriage. Retirement Extreme takes a comprehensive approach to planning for a successful retirement. There are several different stages, you have to pass through, each of which is explained in great
detail so you don’t end up overwhelmed. Dr. Bachman offers you several ideas on how to plan for a secure future. He explains how to protect yourself financially from inflation, how to make investments that yield large yields, and how to live comfortably in a retirement community. Dr. Bachman also explains how to protect your health, how to improve your mental outlook, how to handle financial issues, and how to enjoy life at work. His plan for retirement is easy to follow and it really is a wonderful way of retiring early. The book goes into detail about what you can expect if you retire early, and also about how you can prepare yourself for a well-rounded life. The Retirement Extreme program can be customized to fit your needs and the amount of money you have available. As mentioned before, Retirement Extreme includes a number of unique ways to help you secure your retirement future. Some examples include: “The way to retire early” is written in a clear and easy to understand language, with no jargon or complex concepts. The author’s background is in financial services and he does not try to sell you anything. in the book. Instead, he explains the details of the steps involved in finding the perfect way to retire early and give you the security you deserve.