Preparing for retirement involves careful planning and foresight to ensure financial security and a fulfilling lifestyle in your later years. It starts with setting clear retirement goals, such as determining the desired retirement age, estimating retirement expenses, and considering any sources of retirement income, such as pensions, Social Security, or savings. Saving consistently and investing wisely are key components, as is considering healthcare costs and long-term care needs. Additionally, creating a comprehensive estate plan and reviewing your retirement strategy regularly can help you stay on track and adjust as needed.
