What Questions Should You Ask Yourself Before Retiring?
Planning for retirement can be an exciting time as the culmination of your life’s work fully comes to fruition. Kevin Canterbury of Arizona acknowledges, at his company, advisors frequently help future retirees with managing their retirement plan. Naturally, the first step in a retirement income plan is to envision what your life will look like in retirement. Here, Kevin Canterbury provides a list of some of the most important questions to ask yourself before making the decision to retire. What Will I Do? In retirement, what you plan to do with your time is important for your financial plan because it will determine how much income you will need. For evaluating, it helps to consider your activities in terms of both income and expense. For example, expense generating activities such as travel, hobbies, or entertainment can quickly add up and should be accounted for in your retirement budget. Some people that enjoy working choose income-generating activities that help them af...