Getting Ready and Making Plans for Retirement

By | October 27, 2016

    I’m getting ready for retirement in the next few years, and I have been reading many retirement articles about when to retire, where to go, things to do, places to vacation , places to live on a retirement income, along with important things to do before you retire. In this article, I want to reiterate what is said in an article by Dave Hughes, titled “Retire Fabulously”.

    It is my understanding that when you retire you are busier than when you were working. That makes me a bit confused as to why people retire. I am not looking for another way to keep busy. I can do that every day right now. The reason for retirement for me is to do something different; something that you always wanted to do if you had all the time and money to do it. However, once you figure out how to get the time and money, you will need another plan on how not only have a good retirement but how to have a fabulous retirement. This being a retirement website I felt the need to share at least a part of what I read in Dave’s article with you.

    First question; what are you wanting to do in your retirement years? I don’t know about you, but I have a bucket list of things I’d like to do. Many people I find have it, but many don’t get to it. It seems that when most people retire they get involved or perhaps over-involved in things, maybe due to their desire to stay busy with all their time off. However, I am not sure that I am looking to continues with the day-to-day routines of life once I retire. So if you are looking make a dent in your bucket list here are some important questions that you might ask yourself prior to making that new step in your life. I am considering the answers to these as well.

        1. What plans do you have for your retirement?
        2. What new things would you like to do that you have not done because of your work schedule?
        3. What places have you always wanted to go?
        4. Have you decided on what it is that you would like to do and when you would be doing it?
        5. It just might be a good idea to have goals and a plan if you really want it to get done.

    To help you in achieving these retirement goals and plans here are five steps that you may wish to consider.

    1) Put it in writing

    If your bucket list is a forever-changing set of ideas in your head, consider writing them out in a notebook. Generate a list of things you want to do during the golden of your life that will really make it golden. As always writing goals down will always increase the probability that you will achieve most or all of them, and you will have specific things to look forward to so as to view your retirement in a more positive and relaxed way. Make a list and just brainstorm at first about the things you have always thought you would like to do in retirement, and the places you would like to go. Think back to your life and try to recall things that once interested you but you never had time for. Don’t filter things out at first, you will have plenty of time for that! Just dream and write. If you need ideas there are many articles on the internet and in magazines on best, cheapest, and/or safest places to go and see in your retirement.

    2) Edit your list.

    The more specific you can make your list, the better. For example, rather than listing “visit France”, you can write “Eiffel tower” or “take a cruise along the French Riviera”. As you look over your list of retirement dreams, you may need to make adjustments along the way as things in the present change and other possibilities become evident. If you change your mind, change your list, it’s okay to do that! Give yourself that flexibility. Also, if your list contains things that are truly unrealistic because of your physical capability or financial reality, delete them. Live within your means, do only what you can and feel right doing, but enjoy it all. If you are going to make all of the things on your list happen, it will be important for you to believe that everything on your list is achievable.

    3. Prioritize.

    Once you have chosen the items on your list, you will also need to choose the order of your list carefully. Choose which item will be first, then choose the next five. If there are items on your bucket list that are more physically demanding and will be easier for you to accomplish while you are younger, you may wish to focus on them earlier in your retirement years. Perhaps, if there are health issues, you may want to prioritize the items according to importance.

    4) Schedule it.

    Now that you have the list how you want it, those things aren’t going to happen by themselves. Travel plans take a lot of planning and saving. The only way those trips are going to happen is if you choose which one you’re going to do first and then so on. Decide on when you’re going to go and start making plans. The trip becomes a lot more real, once you buy the airplane tickets.

    If you want to take classes and learn new skills, you will need to decide on when you are going to start on your first one. If it doesn’t get written down and scheduled, it is unlikely to get done.

    Making the commitment to your bucket list items will allow you to see how everything else falls into place. With established goals, you will be able to save and prioritize in order to make accomplishing your goal a reality. Even if you don’t make all of them, you’ll accomplish a lot more than you would have otherwise.

    5. Identify what you need to change in order to make it happen.

    The main reason why retirement plans, or any plans for that matter, don’t work out is that many of them require some change. They require you to do something differently than you have been accustomed to for most of your life. We may need to establish new habits or become more disciplined. Some of them necessitate planning and saving money or leaving your comfort zone. For example, if one of the items on your bucket list is to write a book, you need to commit to writing daily. You must prioritize this time and not let your commitment to writing fall prey to chores that need to be done, email and social media or any other pursuits. You are a creature of habit. A lot of your current habits have been ingrained in you for most of your life. If you have a must-do list for your retirement, you will need to mindfully change your habits, routines, and priorities to make them happen.

     

    Wishing you dreams that come true!

    www.plantoretirewithincome.com

    Randy

     

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