The process of preparing for a long retirement
When you retire, what’s the money for? Sounds like a simple enough question, but the key is to have a process that turns your unique answer into actionable steps. Typically, it’s designed to help you to achieve a life of independence and dignity. The process helps you determine how retirement may affect your family. It explores the influences of your current or past occupation while defining what recreation activities you’ll pursue in retirement. Also, it serves to outline your life mission — what you would like to do before you die. The process assists with establishing how much money you’ll have to do what you want to do. It guides the implementation and monitoring, helping to make the money available over time.