4 Things to Plan a Good Retirement

“Just because you’re old doesn’t mean you can’t get up and do something different.”

After decades of walking up to the alarm, shifting through heaps of paperwork and navigating rush hour
traffic, you can see the bright lights of retirement at the end of the tunnel. However, just spotting the
light is not enough, you need to work towards those golden moments.

The time to hang up your boots is just around the corner but that doesn’t mean you need to slow down
or let go of the things you like. If you can iron out the knots in time for your retirement, then your
golden years can be truly golden.

Here are 4 things you can do for a good retirement:

1. Visualise your last day at office

Retirement is an emotional event. The transition from working to retired is a sentimental feeling and it is
essential to visualise what you would like to do after you retire. Whether you want to travel with your
family or sit in the park and gossip with your buddies, it all depends on what you do today. Starting
early will give you more time to do what you really want.
2. Increase investment as your income grows

It is human nature to procrastinate and we all do our best to push things to that elusive tomorrow. Not
many people keep updating their investments according to their retirement goals. Though inflation plays
a role, increasing your investment as your income grows, will help to generate a larger corpus over the
long-run. It’s time to turn your game up and match your investment with your income; think about all
the trips you can take with the extra income!

3. Healthy and Wealthy!

For most to-be-retirees, medical expenses are one of the greatest concerns. Check your health care
options before you retire. You don’t want to be stuck wondering whether you have enough money to
foot the bill or not. Having a good insurance cover for critical illnesses as well is beneficial for you in the
long-term. Additionally, giving your body a good dose of exercise and diet will add more happy years to
your retired life.

4. Budget it

Keep a check on your expenses. One of the biggest problems for to-be-retirees is not to outlive their
savings. Tomorrow’s retirees need to account for increasing cost of living and longevity. You want to do
more than just sit around and sip on endless cups of coffees. Also, getting your money to the bank
before you spend it all, will give you the opportunity to indulge in compounding and earn more on your
savings.

Getting a head-start will let you slip into reality and bring your dream retired life to centre stage. Give
your expenses a break and increase your savings and benefit in the long term. This may seem like a
stretch but imagine the times you will be sipping your favourite drink at your favourite spot.

Happy Investing!

SECOND INCOME

Hemang Shah

Contact us : 9227292291Email us : hemang.shah@hotmail.com