There are so many books, articles, podcasts, and shows about planning for retirement that it might seem overwhelming to you. With so much information coming at you, it’s possible to lose sight of your overall strategy and not see the forest for the trees. To help you focus on the most important decisions, you’ll want to prepare a realistic retirement plan that can guide you to a financially secure retirement.
The first step is to complete your retirement homework. This homework includes thinking about your goals for retirement, including when you want to retire. The homework also includes preparing a budget of your living expenses in retirement and taking an inventory of your financial resources.