Planning what you will do with your newfound time is just as important as getting an early start on financial planning for the years ahead. Resist the temptation to talk about your retirement before you decide on a specific date.
Retirement has a defining moment.
Mine hit me when I was 62 years old. The idea slammed into my gut like a chain-mail fist. The next day in my office I was in a meeting I had called on long-range and strategic planning. My senior associates were there to discuss how we would prepare resource reports for our board of directors. We wanted to ensure a productive series of conversations at the board planning retreat coming up in several months.