Step 1. Setting your Retirement Goals
Start setting your retirement goals by creating a list of thirty goals on a sheet of paper. We suggest thirty as the number to begin planning your retirement goals as the first ten goals will be easy to identify, the next ten will be somewhat harder to recognize, and the last ten will make you discover your inner retirement dreams. If you have a life partner, you should each create a list of retirement goals independently, and then compare them afterwards. An important step in setting your goals is to actual write them down, so that you can honor the full impact of the goals on your life.
The next step in setting retirement goals is to arrange your thirty goals into groups of short, medium, and long-term goals. Short-term goals occur during the first year of retirement. Medium-term goals occur within the two through five-year range. Long-term goals might be more than five years out. Then assign a dollar amount to each goal where appropriate.
Continue to Step 2. Assessing your Current Financial Position
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