Retirement isn’t just about the numbers; it’s also about envisioning and planning for the lifestyle you desire in your golden years. This module aims to provide guidance on how to approach retirement lifestyle planning, from understanding your wants and needs to creating a budget that supports your envisioned lifestyle.
Chapter 19: Envisioning Your Retirement Lifestyle
In Chapter 19, we begin by helping you paint a picture of your ideal retirement lifestyle. We’ll discuss important considerations, such as where you want to live, how you want to spend your time, and who you want to spend it with. We’ll also touch on potential lifestyle changes that come with retirement, such as downsizing or relocating, and the impact these can have on your retirement planning.
Chapter 20: Budgeting for Your Desired Retirement Lifestyle
Once we’ve helped you define your ideal retirement lifestyle, Chapter 20 will guide you in creating a budget that supports it. We’ll discuss how to account for different types of expenses in retirement—from fixed expenses like housing, to variable costs like travel and entertainment—and we’ll explore strategies for adjusting your budget to accommodate changes in your lifestyle or financial circumstances.
By the end of Module 8, you should have a clearer vision of what you want your retirement to look like, as well as a better understanding of how to budget for it. With these insights, you can continue fine-tuning your retirement plan to ensure it aligns with your lifestyle goals. Let’s start planning for the retirement lifestyle you dream of!