Retirement is the reward for years of working hard and building a career. Many people dream of the day they leave their jobs and experience the freedom of endless free time. Retiring is a big milestone that requires a bit of planning. Before you give your employer notice, there are some things you need to do in preparation for retirement.
1. Map out a retirement budget.
The budget that you follow and the spending habits that you have while working is likely to change once you retire. It’s a good idea to map out a retirement budget once you decide to start winding down your career. Your expenses will shift when you retire and you’ll want to have the peace of mind that your finances will suffice. The last thing you want to find out when you retire is that you should have contributed more to your nest egg.
2. Complete home repairs and improvements.
Many retirees decide to downsize…