I came across a great article at Ric’s site while surfing for retirement tips. It’s a thing we have to prepare decades before, if you want to retire wealthy. Here they are.
1. Decide how you’re going to spend your retire time. It determines the amount of money you need to cover your cost.
2. Estimate the amount of money you will need. Don’t forget to consider periodic expenses such as tax, Christmas gifts, home maintenance, and emergencies.
3. Anticipate your health care needs, there is no more insurance/benefit from workplace when you are retired.
4. Buy long-term insurance as soon as possible.
5. Refinance your mortgage because there’s high probability that you can’t borrow money after retirement. And yet, your mortgage rate may increase.
and 5 more, if you read the full article…
Read more.