When you think about retirement you may envision yourself kicking back on the beach somewhere with a cold drink in your hand, thinking about your next round of golf or shopping trip. There is certainly nothing wrong with setting goals for yourself, and when you have an ideal future lifestyle in mind, you have something to work toward.
But if you are like most people, having the financial resources to be able to live out your retirement dream is going to take some careful planning. Once you have a cogent plan in place you are going to have to exhibit the self discipline that it takes to stick to the plan over an extended period of time.
In addition to the active retirement years that you are probably envisioning, it is important to plan for the interim that may come after these initial years. A lot of people go through a period of time when they need living assistance, and there are significant costs associated with long-term care or in-home care that must be budgeted for.
Incapacity is a possibility as well when you reach an advanced age, and this is something that should also be addressed when you are planning for the future.
Most people should be able to enjoy a comfortable and fulfilling retirement, but it does require careful planning. If you’re ready to get started, the wise first step would be to sit down and discuss your future with a licensed and experienced Hartford Retirement Planning attorney.