How Do You Envision Retirement? 50 Comments
Watch this video for a great story of the beginning of retirement.
How many of you have thought about that day when you’ll suddenly stop working and begin retirement?
Do you have a long bucket list that you’ll start tackling with earnest?
Or are you the type who is always so busy that you just want to have time to relax and take it easy?
For others it may simply be too far away to have a realistic idea of what they will do once they are retired. I know I personally fall into that category.
I’d probably get bored just sitting around relaxing and settling into a routine. Instead I’d need to have something to do to fill my days. Maybe I’d take on some hobbies or maybe I’d dedicate my time to some kind of charity work. Regardless what I wind up doing, I know I’ll want to have a fair amount of freedom and minimal strict commitments.
To achieve that kind of freedom, I realize that I need to start planning now while I am young. I know I can’t just ignore retirement planning and put off saving money. That’s why I’ve been focusing on tightening up my finances, earning more money and putting extra money into investments.
The better I can manage my finances and save a lot of money now, the more flexibility I’ll have when it comes time to retirement. As that time creeps closer I can start to think more seriously about what kind of lifestyle will make me happy during retirement.
Of course the sooner I can make at least a partial plan, the sooner I can adapt my investing strategy to try to make those dreams become a reality. Saving as much as you can might work out, but if you have big retirement goals it might mean being forced to make sacrifices to achieve them.
How much thought have you given to retirement? Do you already have a solid plan on what you would like to be doing during retirement?