If we’re not there yet, we all have visions of what retirement will look like. It’s vital to note, however, that it will require money and smart thinking to actually carry out that lifestyle that you want. No matter how many years away you are from the big day where you can ride off into the sunset from office life, there are some important questions that you need to answer now.
Far Rockaway Center for Rehabilitation and Nursing has a look at four of these questions to answer as you ponder your golden years.
- Define Your Version of Retirement
What will your retirement days look like? Will you sit back at the pool and play with the grandkids? Or will you be playing golf several times a week and traveling frequently? Not all retirements are created equal, so more money may be required to life the lifestyle you want when you’re done working.
- Increase Your Current Worth
Investing in yourself by learning new skills and taking on new tasks can either earn you a promotion at work or a new, better-paying job. Be sure to set some of that extra money away into retirement accounts.
- Live Below Your Means
Common sense says we can’t live above our means, but living at our means could also be costly in the long run. Even if you’re well off now, stay out of debt and make sure you’re saving enough money for when you aren’t earning it.
- Start a Side Hustle
In today’s gig economy, there are plenty of pieces of the pie to go around. If you find yourself having some extra free time or want to follow a passion project, consider a side hustle like Uber, Airbnb, or Instacart. If you have other talents that you can sell to others, consider freelance gig websites like Fiverr and Upwork. Since this is all extra money, you can invest it into your future.
To learn more about Far Rockaway Center for Rehabilitation and Nursing and all of the services they offer, visit http://far-rockaway-center.facilities.centershealthcare.org/.
