It’s tempting to set a figure for retirement in your head, and then retire once you’ve reached that monetary goal.
Retire by Nick Youngson CC BY-SA 3.0 Alpha Stock Images
“Some people go to great lengths to set up their spending, saving and investment goals so they can retire early.”
“While the main goal is figuring how much you’ll need and reaching that magic number, there are other considerations, too.”
Find out what else you should consider on CNN’s article: “How do you know you’re really ready to retire early?”
In today’s society, with so many demands on our money, retiring is a challenge.
“With so many money distractions, having a system to get on track to retire earlier — and stay on track — can help. A weekly money meeting, an appointment you keep with yourself or your partner if you have one, can be a great start. ” Ask yourself these questions and more (10 total from Forbes):
- What do I want to do in five or ten years that I need to start saving for now?
- What is a major financial goal that I would like to accomplish within the year?
- What steps do I need to take right now to reach that goal?
- More questions on Forbes’ article here.