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Steps for a Smooth Transition into Retirement

July 26, 2013 | | Comments 0

Buying an active adult home in JacksonvilleHow many times have you seen someone “waste” their retirement years and you’ve sworn to yourself that you will not do the same and will make the best out of yours?  Transitioning into retirement, even if you have financial security, can be difficult for people who have worked their entire lives. Retirement is an adjustment period and a transition to Jacksonville active adult living. The retirement pros at Equifax have shared four steps to make the transition more manageable with the article “

4 Steps to Planning Your Transition to Retirement.

Step One – Assess your current lifestyle; examining how you spend your time and money. The article suggests making a list of the top three areas in which you spend your money.

Step Two – Identity your future goals. Make a list of what you’d like to accomplish in retirement. Do you want to redecorate your home? Learn a new language? Take an Alaskan cruise? Spend extended amounts of time with your grandchildren? Make a list of the things you want to do most.

Step Three – Come up with a plan for reaching those goals. Figure out what it will cost, how you’ll be able to afford it, what is needed to register for that foreign language class, etc.

Step Four – Things change; and your goals and plans may as well. Re-evaluate your plans every once in a while.

Read the full article for more details on these tips for transitioning into retirement; and get more helpful advice on retirement as well as many other personal finance topics, like credit, insurance, taxes,

credit ratings and more.

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