Steps for a Successful Retirement
- Analyze your current situation
The idea is to be absolutely clear about what your future sources of income will be, such as a pension from your employer, Social Security income, investments in private funds, savings and others. With all of this information, you will be able to make projections about your future needs and the income you expect to receive.
Speak with our financial consultants; they have the experience to give you the most realistic overview of the entire retirement process. Look into demographic and financial data that can help you make projections. Keep in mind future increases in the cost of living, and how they can be projected out to the time of your retirement.
- Establish your retirement goals
With the information you have gathered, design your own goals for retirement. For example, include how much money you want to receive each year after retirement, your budget for expenses, and how much extra money you want in case of emergencies or unexpected life changes.
- Update your plan regularly
As your situation changes, make the necessary adjustments to your plan, which should also reflect changes in interest rates, inflation indexes, currency values and other economic indicators.