Need to reset your money? Learn how to do some spring cleaning with your finances to start building momentum with your biggest goals! For some reason, I like to use April is a sort of reminder to review our financial progress. Maybe because of the deadline for taxes. Or maybe it’s because it’s financial literacy […]
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Want to retire happy? Emily Guy Birken, author of Choose Your Retirement, shows how you can plan ahead and live a rich life when you retire.
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Can I ask you something?
What are your plans for this weekend?
As you mentally go through it, do you have a general idea or no plans? How many of you are you adding up the expenses, seeing how much it costs?
How about next month? Do you have a budget down? Money all set?
Now what about next month….in five years? How much money will you need? Does it seem too fuzzy?
Can you imagine having to decide how much money you need for one month in time in the future, but having plan out expenses that will last for decades? Crazy, right?
Welcome to retirement planning!
In this episode, Emily Guy Birken shares some insights on how the two of you can build a retirement plan that fits your personalities (and will most likely not cost millions of dollars!) and values.
Unlike most online retirement calculators which seem to only focus on your current income and/or expected expenses, Birken starts the retirement process by examining what kind of life you want to live.
Once the two of you have a clearer picture of whre you want to go you can then plan how you’re going to get there.
Talking About Retirement Together
If you two haven’t already, set some time up this weekend have a date. Relax and forget the money for a minute and just discuss what each of you picture for retirement.
More Resources on Retiring Happy
There are many ways you can approach retirement planning. If you are looking for others figure out their plan, here are some resources to check out:
- Most Common Mistakes Couples Make When Planning for Retirement
- The Shockingly Simple Math Behind Early Retirement
- How to Calculate Your Retirement Plan with Excel