How to get ready for retirement from working life

3 things you can do:

Make a budget plan:

Keep money aside that you will be spending for daily life i.e. basic needs, health care. A budget plan will also help you make better plans i.e. if you want to go for a holiday or buy a new home. Many retirees go broke without proper budget plans.

Get ready for retirement:

There are apparently 5 stages of retirement:

1)      Pre-Retirement: Realising that you will be no longer working, this is where you can take the chance and plan for your retirement.

2)      Honeymoon: Retired and your having fun with the free time.

3)      Disenchantment: Retirement seems not as fun and boring.

4)      Reorientation: After a while you start looking at new ideas and things to do.

5)      Stability: Happy with how retirement is going due to your planning and finding ways to pass time.

Set Goals what you want to do:

Everyone needs goals, without it there’s no meaning in life or direction for humans. Some retirees know what they want to do after retirement, but most don’t. If you don’t then you can look at using the Specific, Measurable, Achievable, Relevant and Time aka SMART goals to set your goals.