May 31, 2011, 8:58 amReady for retirement?
Retirement planning, at its best, is about much more than the size of your nest egg.With that in mind, one of the smartest ways to prepare is to map out a to-do list, one that counts down to "R" day.
Most workers prepare for later life by focusing on a single, key question: Have I saved enough? Yes, a healthy nest egg is important. But it's just as important to develop a vision for how you want to spend your time in later life. After all, the more specific your plans, the easier it will be to gauge just how much money you'll need and how fulfilling your retirement years will be.
We have compiled a checklist, in consultation with Deena Katz, an associate professor of personal financial planning at Texas Tech University in Lubbock, of things to do and consider over a five-year timeline before this crucial date.
Here’s the five step plan to make your dreams come true.