Thinking about what you will do in retirement is not an activity you want to shortchange. Planning your retirement days puts you in the right frame of mind to retire. What would you like to do in retirement? You might want to golf, go out with friends, play bridge or all of the above. Not every fun activity will cost a ton of money, but you do need a bit saved so you won’t have to worry about where every dollar is going to come from. Think of how much the lifestyle will cost, and save enough to fund that dream life. Saving money isn’t a sacrifice, but a down payment on your future lifestyle. Maintaining a social calendar will prompt you to stay more active. Planning some actives and social engagements for retirement will give your days more meaning and leave you more satisfied. Once you know how your days will generally be filled, then it’s much easier to estimate how much to save for retirement. [Read this article]
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