Page 56 - Book10E

If you’re having a bad day, if things aren’t going right for you, then change your mind because that’s where your life is. Your life isn’t
in what other people do to you. You are the one in con- trol. You change your mind.
—Ann Richards, former Governor of Texas
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believe the sky is the limit. Many believe they will continue working for some time. The difference is they won’t be working a nine-to-five job that they have to have to survive. Because they planned well and saved well, they work when they want to at what they want to. They have the freedom to work and play, work and travel, or work and then head south for the winter to relax in the sun.
You too can enjoy your retirement if you know what it takes to make you happy. If you like to work, your retirement might include work- ing. If you like to travel, take this opportunity to do just that. You can
make your retirement happy if you take some time to decide what you want to do.
Instead of thinking of a retirement that lasts fifteen years as many who retired in the 1970s expected, baby boomers can plan on a retirement of as long as thirty years because of new medical progress and the popular views of eating healthy and staying active. That’s a long time. To enjoy it, you need to plan well. If you have a spouse or significant other, don’t plan alone. Plan together to enjoy this important time in your life. Chances are you'll both retire at about the same time
so you need to be in agreement on this critical part of your life. If you both have a career, you will both be contributing to the retirement fund. Make your decisions together and try to develop a plan that will be acceptable to both of you.
Start Early
The sooner you begin working on your retirement plan, the easier it will be to save. The reason for that is simple—the earlier you start, the
Financial Planning for Retirement