As you come near or transition into retirement, you should start planning how to live off of your savings.
To help make sure you’ll have enough, it’s important to create a retirement budget and try living within it.
Doing this before you retire will help to ensure your savings can provide you within the lifestyle you’ve been planning, and give you the time to make adjustments to your investment strategy before you retire.
While doing your retirement budgeting exercise, if you find you’re not going to be ready to give up your employment income just yet, you can consider working a few extra years – even if that means reducing your hours, or finding another flexible way to earn some employment income. Talk to us to help you in this phase of your life.