As summer draws to a close, we might be planning our last trip to the beach or a favorite weekend destination. Whether you choose to enjoy the long summer days by lounging around with a good book or doing something a little more physically taxing, summer is a special time that we’ve cherished since childhood.
We may feel nostalgic about summer because, as kids, it was a time that signified our freedom – no school, no homework, and lots of time outside. Even now, summer can provide a break from the usual grind, especially if you spend most of the year working long hours in your office. In many ways, retirement is a lot like those summer breaks from school. It’s a time of freedom with the ability to focus on doing the things you want to do with the people you want to do them with. Only this time, it doesn’t have to end with summer. It’s a permanent state of being.
However, unlike summer vacation when you were a kid, this endless summer requires a lot of planning. Think about how much time you spend planning a trip and how many details go into it – have you spent more or less time planning for your retirement? If it’s less, consider that a trip is only a week or two long, but retirement can be 30+ years long. Figuring out how you’ll make your money last for the rest of your life, how you’ll maximize your Social Security benefit, and how you’ll cover potentially staggering healthcare and long-term care costs later in retirement isn’t simple.
Set aside some time this summer to review your finances and think about the future. Consider how a financial advisor could help you get to where you want to be by creating a retirement roadmap. This can include a retirement income plan, a tax minimization strategy, an estate plan, and more.
Retirement is a time that should give you that never-ending summer kind of feeling. And, to get the most out of your permanent summer break, make sure you have a solid plan in place for the future. If you’re not sure you have a comprehensive plan in place, maybe it’s time to Click HERE and schedule your complimentary, no-obligation review. At Gosline Retirement Planning, we’ll assess your current retirement plan, discuss your financial and lifestyle goals, and determine if you’re on track or could use some adjustments. We’re here to guide you along your retirement journey and help you achieve your goals so you can focus on maximizing your enjoyment.