Retirement can be a very daunting task
As you reach a certain age retirement seems like the next big step. Although this is a very common practice, it's important to be realistic. Just because you hit 65 years old doesn't mean that everything is handled and you're ready to hit the golf course. Proper savings and investments are the other side of the retirement coin and people seem to forget that.
When it comes down to it, there are 2 major requirements when it comes to retirement, and they're pretty simple; have something to do and have money to do it. The sad truth of it is that without a purpose people fold in on themselves. You went through your entire life with something to do everyday. Without a reason to get up in the morning your body's going to take that as a massive shock. To combat this, get yourself a hobby and make sure to be financially liquid, just in case. Easier said than done, but before you retire, you can get yourself ready for your second act by being financially liquid for when retirement comes. This is where your investments come into play.
I am in no way a financial advisor, but I do know that when it comes to money, it's best to be open and honest with your partner. A study done in 2018 by TD Ameritrade found that 41% of divorced Gen Xers and 29% of Boomers ended their marriage due to disagreements about money. Keep this in mind when you decide to get into investments. There's nothing wrong with investing. In fact, it's a given in terms of planning your future financial success. However, don't let it negatively affect your life right now. We're not trying to sacrifice our current state for something down the road. Everything needs to remain balanced.
Now go out there and get ready for retirement. However, on the off chance you're no where near the age or just don't see retirement being for you, these tips may still be relevant to you. So let us know if you have any questions or how we can assist you.
