Three Things To Do Right Before Retirement

American Investment Planners LLC

500 North Broadway, Suite 260, Jericho, NY 11753

(516) 932-5130 / (866) 932-5130

Even for those of you who thrive on being in a work environment, let's face it - we all look forward to the day when the typical 9-5 routine comes to an end. And although you might have extensive plans for what you'll do, where you'll go, and what you hope to accomplish when you have a bit more time on your hands, there are a few things you should do right before you officially walk out of the office for the last time - here is what MarketWatch suggests:

1. List out your goals: Similar to the bucket list you may have made for yourself when you were younger, create a list of goals you'd like to achieve during retirement. They can be as far fetched as traveling the world or as simple as making it a priority to exercise for a certain amount of time each day - it's entirely up to you! Our suggestion is to keep a journal where you can document the steps you take to achieve these goals so that you can follow your progress along the way!
2. Reduce your budget: Even if you have an income that allows you to live on a larger budget before you retire, you'll want to start getting used to what things will be like after your income changes. That said, take some time to reduce your budget a bit so that you can figure out where you may need to cut costs when it becomes necessary to do so.
3. Talk about retirement: One of the most important things you can do for yourself is to talk about retirement with your friends and family! Often times we aren't prepared for the psychological adjustment that retirement requires, so don't hesitate to share your thoughts on this life change with those that are closest to you. 

One thing is for certain - the more you prepare for retirement, the better, and we believe that by doing the above, you'll definitely enter this period of your life on the right foot! Additionally, don't forget to sit down with your family financial planner to discuss your retirement strategy. 

To learn how the team here at American Investment Planners LLC can help you with retirement and retirement planning, please give us a call at (516) 932-5130.