Thinking of retiring or of taking an exit package but can’t make up your mind? Here are just three points to ponder
When considering retirement planning you need to base your decision on a rock solid knowledge of your future income. If finance is “not your thing” get independent financial advice on retirement planning. It will cost you, but it’ll be worth it in the long run. When you know your future income with certainty you can see if it will fund your future lifestyle plans or if you will need to adapt your retirement plans. The question you need to answer is “How much money will I have”?
Most people work more that 40 hours a week. That’s 2000 hours a year, all of which becomes available to you on retirement. Time is precious but you need to plan how you will use it. It can be hard to decide where to park when the car park is empty and the parking possibilities are endless. Likewise your new time bonus will seem confusing if you simply drift towards it without making retirement plans. The simple question to ask yourself is: “What will I do with my time”?