When it comes to retirement, everyone has a different vision. But the path to retirement is generally the same: you work, you save, and hopefully at some point you’ve saved enough that you can stop working and do something else.
How much work before retirement is enough? And how much savings is enough? How long will “retirement” last?
Years ago, retirement meant you stopped working, started collecting a pension, and sailed away to Margarita Ville for the last 10 to 15 years of your life.
But nowadays, retirement could last 30+ years and could include a second career, travel, making new friends, or really, whatever intrigues you. Nearly 70% of workers expect to work for pay in retirement, but only 26% of retirees actually have done so.
So how do you plan for a stage in your life in which virtually anything can happen? With no crystal ball to peer