If your last day of work is tomorrow, are you ready for golfer retirement? Perhaps you are so young that you think that’s not necessary to think about right now. However, you must understand that the more you do to help make your retirement to golf a success, the better time you’re going to have. Sometimes people actually retire early. Think about what your possibilities are as you peruse the information that lies ahead.
Figure what your financial needs will be after retirement. Research has shown that most people need around 75% of their original income to continue being comfortable as they retire. The less you make, the higher that percentage will be.
The younger you are when you begin your savings, the greater amount you will have to retire with. Even if you don’t think you have a lot to put toward retirement, save as much as you can, no matter the dollar amount. As your income rises, so should your savings. Consider opening an account that earns you interest on the money you save.
Some people choose partial retirement. If you’re looking forward to retirement, but simply can’t absorb the cost of it, think about partial golfer retirement. You may even be able to do this at your current place of employment. This will allow you to continue to bring in some income, while beginning retirement, which can always be expanded upon in the future.
When you retire to golf, don’t sit down! Get out there and get in shape. You will really need to care for your body in retirement, because it’s important as you age. You’ll learn to have fun with your workout once it is part of your routine.
Are you feeling overwhelmed because you haven’t started saving yet? It is never too late. Start today by looking at how much you could afford to save. Don’t freak out if it’s not as much as you’d like. Every little bit counts. So, keep in mind that a small amount now can equal a bigger amount in the future.
Think about waiting several years to use SS income, if you are able. This means you will get more each month when the checks finally do start arriving. If you can still work some during retirement or you have other fund sources to pull from, retirement will be easier.
What are your retirement plans? Do you wish to travel or remain close to friends and family? The choice is up to you, but whatever you choose, you should be prepared. Use the suggestions given so you don’t find that you have to work past the age you wanted to retire so you can enjoy your golden years.
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