Whether or not you follow these four easy steps could determine how successful your retirement is.
1. Set a retirement date goal
Are you someone who can’t wait until the day you leave your job and hope you can retire early? Or do you love working and will delay it as long as possible? Everyone is different and whether you stop working for good at 62, 67, or 70 is completely up to you.
There is no right or wrong answer. But setting a goal can help you create a plan that will help ensure you attain it. Once you set a date, you’ll know approximately how much time you have which can aid you in determining how much you need to save each year.