If it's already too late and your personal retirement planning crisis has already happened? Do not worry…!
Here are some handy options to consider:
Prioritize: Think hard about what's most valuable to you and likely to make your retirement fulfilling. Is freedom or quality time more important to you than a big house and huge travel budget? If so, you may be among the lucky group of people who can retire at the age you've always planned.
Consider retiring later: These words make many cringe, but a couple of extra years of income can make a huge difference in how much you receive from Social Security and a defined benefit pension, if you have one.
Find extra income: Retirement can also be perceived as refinement. This refinement enables you to do what you love or do things which you always wanted to do.
Think broadly about wealth: Most people actually have more wealth than they think when they think narrowly about assets earmarked for retirement. You need to have an open minded approach towards wealth.
Save more: This can be easier said than done and makes less of a difference if you are just a few years away from retirement because your money doesn't have time to compound. Saving more is always a good thing to do.
Source : forbes
photo : ssqq.com
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