Planning a smooth retirement involves more than just saving money. Here is a simplified roadmap:
Envision your ideal retirement: Dream about your desired lifestyle, location, and activities.
Crunch the numbers: Estimate your retirement expenses and desired retirement age.
Craft a budget: Track your income and expenses to identify areas for saving.
Maximise your savings: Contribute to retirement accounts and explore ways to increase savings.
Invest wisely: Choose investment options aligned with your risk tolerance and time horizon.
Protect yourself: Consider insurance for health, life, and disability.
Regularly review: Reassess your plan as your life and financial situation evolve.