No two people will have the same retirement experience, so it makes sense for you to determine not only the type of retirement you want to have, but also the type of retirement that you will be able to have based on your savings.
Some things to consider:
- When do you plan to retire? Early, Late, Never?
- When you retire will you stop working completely, spending your time on hobbies and/or charitable pursuits, or will you continue to work part-time?
- Do you plan to leave an inheritance, or will you be trying to spend/gift all of your money and assets during your lifetime.
To help you determine what your goals are I have provided a list of Recommended Financial Books. As you will see they sometimes offer conflicting advice. I am a firm believer that there is no one right answer when it comes to finances. So, dive in and get reading. Don't be intimidated. If you get in the habit of reading 10-20 pages a day you should be able to finish one book an month.
