68 percent of the respondents in a recent US Government survey had no formal preparation for retirement.
What type of planning did they consider most important?
Financial planning, answered 24.3 percent, but a surprising 23 percent indicated that developing interests to pursue in retirement was most important.
One big mistake that many people make is assuming that retirement is going to be a continuation of the old life. But it’s not really a vacation from the work world because you will not return there full time. It will involve major changes in the routine that governed every aspect of your life.
Once you retire, you will have 45 to 50 hours a week of extra free time. Even the most absorbing of hobbies and interests may not fill that time entirely.
And as you plan for retirement, plan for future fulfilment. Think through your ideal post-retirement day, in specifics, not generalities.
Begin to develop interests and activities before you retire that will provide you with a variety of pursuits, from further education to hobbies to volunteering to a part-time job or starting a small business for pleasure and/or profit.
http://retirement-moneymakers.com
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