Building Healthy Habits For Retirement
We all have habits. Good, bad, ugly, we carry habits with us often until the day we die. Whatever we make important in our lives becomes a habit. For instance, I am in the habit of waking up in the morning, drinking a cup of French pressed coffee, and checking out the latest financial news online. I also am in the habit of taking a jog several times a week. They say it takes 30 days to form a habit and make a major improvement to your lifestyle.
Building Better Retirement Habits
Just like any other aspect of life, finances and retirement planning require good habits in life. It requires a habit to be disciplined in saving, investing effectively and being financially prepared. It also takes healthy life giving habits to ensure you live long enough to actually enjoy your retirement. If your sole purpose in retirement is to enjoy life without days of endless work, then you need to make certain you are disciplined enough in your younger years to actually reach that point.
Don’t Retire Just Because Your 65, Retirement Should Be Based On Your Assets
Some people make the mistake of hitting 65 and deciding to retire because “it’s time”. Unfortunately, that can be a big problem later on if they did not have the funds to finance their retirement. When asked when you should retire, your answer should be a dollar amount, not an age. If you want to be successful during your retirement, and enjoy your retirement to its fullest, know how much it’s going to cost to get you to that point.
Build Habits To Make Your Retirement Worthwhile
Another important thing to remember is that when you reach the financial state where you can actually retire, it’s not like you’ve “arrived” and should just stop all meaningful activity in your life. When you retire from work, you should retire to something enjoyable. Have a plan set for yourself that includes meaningful activity, meaningful relationships, to make your retirement purposeful and fulfilling. And never forget, that the planning you start now, paves the way for a more satisfying future.
For more information on cultivating habits for a successful retirement, speak to a Redhawk Wealth Advisor near you today.