Financial Retirement Planning


Retirement Super Savers

Retirement Super SaversRetirement super savers have a plan and a set of objectives for their lives. They are focused and are determined to be independent financially as early as possible so that they have the freedom to do what they want. This could mean retiring early or it could men working until they are in their 80’s. The thing they have in common is that they are working under their own terms when and where they want. There are lots of benefits to having the freedom to retire when you want. Just knowing that it does not matter if you work or not can significantly improve the stress level in your life, give you freedom to travel and enjoy life when other people are going to work everyday and envying your lifestyle. The following is a list of potential objectives that anyone including retirement super savers may have.

Review them and decide what you need to do to achieve your objectives. Change them if you want, but make them your own. Set up a plan to achieve then and stay focused. The main objective is independence. Some of these are both objectives and benefits depending on how you look at them.

Objectives of retirement Super Savers:

  • Retirement at 65
  • Save at 10% or
  • Super save at 20 or 30%
  • Retire early
  • Change careers
  • Independence to do your thing
  • Invest well
  • Diversity
  • Income & growth
  • Stay away from high risk
  • Work as long as you want then change careers or retire

Fundamentally if you aim to have enough savings to allow retirement to be considered in your late forties or early 50’s, then you really have a lot of flexibility in terms of what you do with the rest of your life. You can keep right on working if that is what you really want to do. You can also play golf every day or travel etc. The point is that you will have the flexibility to whatever you wish to do and not really have to worry about where the money is going to come from.

Some people love to work, but they really do not like the job they are currently doing or they want to start their own business. Now they can do this if they were a super saver during the early part of their career. The one caveat that we want to bring to everyone’s attention is that they need to protect the nest egg they have created. For example we do not think it is a good idea to take all of your savings and sink it into a new business venture no matter how strongly you feel about it. You risk your savings and could find yourself having to go back to work if the business fails for whatever reason. Diversity is always one of the most important caveats of the super savers.

 

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