Planning for retirement goes well beyond thinking how you’ll spend your time. It’s important to know if you will be active or take it easy. This will impact how much you need to save – and how you can spend it.
You need to think now about how you will pay for your lifestyle in retirement. Work with your family and financial team. Address everything from the risks you face like medical bills and inflation, to smart planning moves like monitoring your portfolio and setting an appropriate asset allocation.