Winter is now coming to a close, and spring isn’t too far off in the distance. Over the weekend, we moved the clocks forward for daylight savings time. Although you may have lost an hour of sleep, you can’t argue with having those extra hours of daylight. Whether you’re approaching retirement or already retired, most everyone seems happier with more time in the sun. So, what does an extra hour of daylight mean for your retirement? We’ve put together our 3 helpful suggestions for you to consider now that we all have sprung ahead.
First, you might want to take a little extra time while eating your breakfast now that it’s staying lighter longer, and you have more to review your future goals and retirement strategy. After first creating your retirement plan, you must constantly review your strategies to make certain that you stay on track toward achieving a safe and rewarding life in retirement. Increasing longevity allows more time to be spent doing what you love, with the people you love. Don’t let a lack of preparedness be the reason you can’t do all that you’d hoped for in retirement. The first step to ensuring that your nest egg lasts as long as you do is to estimate how much you’ll need to spend in retirement. Then, based on your goals and retirement income accounts, you can revise your retirement strategy accordingly.
Second, we suggest that you seek out more adventurous or fulfilling experiences because the suns not setting until later on in the evening. When was the last time you tried something new? From hiking to cooking, there are plenty of opportunities to expand your horizon. It’s never too late to unleash your curious side and try all the new things you didn’t have time for during your hectic work life, or when the sun was going down before dinner time. Isn’t that what retirement should really be about anyway? In today’s world, retirement can last 30 years or more, which makes it extremely important that you don’t run out of money before you pass. Lifestyle planning is what’s going to help ensure you live your retired life to the fullest. Be sure to find things to do in retirement that help make it more meaningful and fulfilling to you. And, that’s why it’s important to have a retirement plan with enough flexibility to accommodate the new directions your life may take you.
Last but certainly not least, you can CLICK HERE to fill-up that extra hour of daylight by scheduling a complimentary, no obligation retirement review. A great way to check on the status of your retirement plan is a comprehensive review with your trusted financial professional. We’ll discuss your goals and compare them to your current plan to make sure it’s still on the intended path. If not, we’ll alert you to any trouble spots we see that could potentially put you, and your retirement at risk. This is a great opportunity to get your questions answered and learn about new strategies to help protect and grow your nest egg.
So, as you adjust to daylight savings time and get ready for the sun to be up longer, remember to also get a check-up of your retirement plan because an ounce of prevention is worth a pound of cure.