Learn how you can protect your loved ones financial abuse and how to minimize the damage if it happens! Financial Scams and Protecting Your Family A few years ago, my husband’s nana had sent over money to a scammer pretending to be him. She had thought he needed help and so she generously sent it […]
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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