Personal planning is important because it is the determining factor of your satisfaction with your retirement lifestyle. All too often people entering retirement do not place enough emphasis on personal planning to ensure they maximize their opportunities.
Correspondingly, what are the benefits of retirement?
Let’s look at seven common reasons why planning for your retirement can work for you.
- Peace of Mind. This is by far one of the most important benefits of retirement planning. …
- Contextualize Pre-Retirement Decisions. …
- Getting on the Same Page. …
- Tax Benefits. …
- Cost Saving. …
- Viewing Financial Issues in Context. …
- Legacy Opportunities.