Three Things To Know Before Planning Your Retirement:
1: Know Your Figures
Know your basic budget costs to cover the day to day living expenses, bills, etc – TOP TIP: Use a separate bank account to pay all debits and utility bills, petrol etc
2: List Your Leisure Costs
Include any club memberships, annual holidays, weekend breaks, dining out – things that you like to do regularly..
3: Consider Your Luxury Costs
Do you upgrade your car every year? or every 5/10 years? Factor that in along-with potential large costs such as childrens’ college funds, contributions to cover their Wedding/s or perhaps you plan to gift them funds for a business or a new home.
Also, consider what might change for you in the future – perhaps you will have paid off your mortgage or any large loans? Could you be the recipient of an inheritance?…
Now that you KNOW your figures you can begin to PLAN a Successful Retirement Strategy – Get in touch with our team and make it happen!
