How to Plan your Retirement
Retirement Planning
Retirement planning gets bad press. The consequence is that a majority of 45 to 64-year-old Australians have entered the land of denial when it comes to this issue. And there seems little to get them out of denial when most retirement planning information is full of references to aged care, going grey, becoming dependent, and dying. Clichéd photographs of grey haired couples drinking lattes or walking hand-in-hand on the beach suggest singles don’t matter, and happily retired couples just play.
Source: https://www.yourlifechoices.com.au/retirement/retirement-planning
7 Retirement Myths Debunked
Myth 1. I’m too old to save for retirement. I frequently hired employees who were older than I was — often in their forties and fifties — with no retirement-savings plan. Fear had long ago set in, and they figured it was too late. They were stuck; they had missed their opportunity. Not true. While it’s true that you’re better off starting at age 25 than 50, it is also true you’ll be better off starting at age 50 than, say, 70. Then again, 70 is a better start than 90, isn’t it? The past is the past. We must stop peering at the rearview and instead look ahead toward the horizon. As long as you’re still breathing, it’s never too late to start. It’s never too early, either.
Source: http://www.theminimalists.com/retirement/
How much you’ll need
You know you need to set aside money for your retirement. But, how much is enough? The answer depends on many different things, such as how much income you want and the sort of retirement lifestyle you’re hoping for.
Source: https://www.unisuper.com.au/planning-for-retirement/gearing-up-for-retirement

Understanding What Your Retirement Needs Are
Knowing where you stand financially and what sorts of goals you have set for your life will make planning for retirement much easier. Your plans for retirement should be just a subsection of your overall financial plan. We highly recommend you build both out together.
Source: https://mywealthsolutions.com.au/blog/guide-to-retirement-planning/
5 ways to start planning for retirement in your 50s
When you reach your 50s, retirement is no longer so far off. It’s right around the corner, and there’s no time to waste. Just as there are at every stage of life, your 50s bring certain steps you should take to begin preparing for retirement. Here are a few things you should be thinking about.
Source: https://www.cnbc.com/2017/05/23/here-are-5-ways-to-start-planning-for-retirement-in-your-50s.html
Determine your planned retirement age.
The age at which you will retire has a large impact on your retirement planning. While it is impossible to know, especially early on, when exactly you will retire, planning for a certain age can help guide your decisions. For Social Security purposes, your retirement age can be either be after or before your “full” retirement age. However, you will not receive any benefits until age 62.
Source: http://www.wikihow.com/Plan-Your-Retirement
TIPS
- Start saving as early as you can. Compound interest will make saving easy for you if you start in your twenties.
- You’re never too old to start saving for retirement. Anything you can save will benefit you at least a little bit.
- Even saving a little bit every week or month can help you save a lot for retirement.Urban Landmark
Source:http://www.mediafire.com/file/7fbmp863i46j4yn/How+to+Plan+Your+Retirement.pdf
