Whatever your situation, dealing with all of these issues along with being with your spouse much more than you used to contributes to a critical first decade in retirement. In this post we are going to focus on your finances and how best to deal with that situation. Generally speaking if money issues are ok, then many of the other issues will also work themselves out.
Develop a budget that illustrates all of your monthly / annual income along with all of your expenses. This will give you the first indication of whether you will have sufficient money to do the things you desire to do in retirement. Include budgeted amounts for trips, for projects or whatever you plan to do in your retirement.
Chances are that in the first ten years you will still have your health and will be able enjoy many of the things that you love to do. While making your budget include sufficient funds to make sure you can take that trip or purchase the fancy car or whatever it is you are looking to do. Unless you are blessed with great genes, your 2nd ten years may not allow you to do as many things as you did in the first ten years. This is just reality that we all have to face.
Investing properly, avoiding overspending and paying close attention to how you spend your money will help deliver the kind of retirement that you are planning. Build a budget that includes your income, daily expenses, annual expenses, and long term items. For example replacing a car or major maintenance items on the house and of course that trip you always planned. Some consumers may want to help the kids with their own homes or also the grand children.
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