The 5 Phases of Retirement

There are five phases to successful retirement planning. 1. Savings phase starts at beginning of career. During this phase long term savings is competed against with many short term goals, paying rent bills raising kids. However it is critical to make long term savings a part of your budget as the sooner you start the less it costs. 2. Increased preparation and visualizations phase. In this phase the person is usually self motivated. He has seen the plight of others who has failed to plan, quite possibly parents and are beginning to calculate exactly what they want their retirement to look like and how much they are going to need. Greater focus is now on increasing contributions and even tap

© 2015 Rudo Catlin. All Rights Reserved.

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