When a client comes to my office and tells me that they would like to retire in a year or so, the pressure and stress increase like no other. The best way to start planning for retirement giving yourself 15 to 20 years or more. This gives you plenty of time to save the proper amount of money and get the adequate plans needed to settle down. If you are facing just a year or so the pressure to get the plan right remains intense. We want you to be emotionally ready to retire and we have a few recommendations to help you plan to avoid making significant mistakes. When you begin the process of retirement you need to consider the discussion of real estate. You might want to downsize in order to get your finances in line. You should also have unexpected costs ready to go when you begin your retirement process. People who are retiring also need to consider that they will have long-term care expenses. You might need to plan for care services if you get sick or have a home caretaker that tends to help around the house or run errands for you. Consider the other expenses you have for family members you take care of. For example, if you still pay for your children’s phone bills or car payments consider those as you ease into retirement planning. The more prepared you are the easier it will be to retire.

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