By comparison, CEO s and boards of directors wrestling with detailed strategic plans for the 21st century have it easy. In order to retire comfortably, assets must be required, deployed and managed. A company can turn the task over to its chief financial officer. At Retirement Inc, there is noone but you. There are administrative duties to attend.
Proper records have to be kept.
Later, there will likely be insurance and health care arrangements to be made to replace coverage from company benefit programs. There is also personnel management, as planning for retirement may also involve a lawyer, accountant and financial advisor, among others. You are your own human resources department coordinating these efforts. The key advantage to thinking of retirement planning like running a business is that it becomes systematic. This helps counteract any natural human tendencies to avoid thinking about unpleasant topics, such as getting older, and to procrastinate before tackling involved tasks.