Imagine it’s a Saturday evening and you’re headed out to a new restaurant. You’re excited, but of course you won’t know whether you’ll like it until the evening is over. Now, imagine you’re going to the restaurant without knowing whether you have enough money in the bank to pay the bill. That’s the equivalent of retiring without a financial plan that tells you whether you’ll be able to do the things you want to do in retirement without running out of money.
This article assumes that you have already done that exercise. This is all about whether you’ll actually enjoy the restaurant and the overall experience. That is: Will you have a happy retirement? Honestly assessing each of these considerations should help.