Many people believe that the initial step when retirement planning is to start saving. While putting a portion of your income aside via savings and pensions is essential, there is another important area everyone must consider if they want to ensure they can enjoy the time when they no longer work to the full. Read on to learn about the first step taken in retirement planning.
Ask the important question
Having a crystal-clear picture of how you want your retirement to be is always the first step. It is impossible to make an effective retirement plan if you don’t understand the kind of lifestyle you want and how you want to spend your time. Without this information you cannot gauge the funds you need.
For instance, you might imagine your retirement featuring travelling overseas or even a life as an expatriate in sunny climes. Such a plan will need a specific income and savings to come to fruition. Even if your aims are more modest, you must still know what they are and calculate their cost to be prepared.
Acquiring expert help
Discussing your post-working plans with family members is important, especially for those who are financially dependent on you. However, specialists in retirement planning in Chester and other parts of the country can help you establish your goals and with an idea of your current plans, construct a financial roadmap toward your retirement.
To discuss your plans and access expert guidance, get in touch with our experienced team at Hartey Wealth Management now.
