Before you retire, get on the same page with the important people in your life about what this important life change means to you. It will make for an easier transition and help you avoid financial missteps.
You may have a good general sense of how much money you need to retire, but you aren’t truly ready to retire until you understand what that means in day-to-day terms.
You can work your way through financing a first car or getting a good starting salary at a first job. In other words, you already know more than you think. And, wherever you stand now, you can take three steps that will translate into more financial security in the future.
With retirement on the horizon, it’s time to start taking concrete steps to strengthen your long-term outlook and prepare for the transition.