Are you sure you are ready to retire? Retirement needs preparation and there are a lot of things that need to be considered.
Financial stability is number one. You can’t retire without sufficient funds, and you have to work to earn those funds. You have to make sure that your savings is enough to provide for your needs for the rest of your life. With that, you have to secure yourself a pension plan, retirement funds, long term care insurance and other items.
Preparation for retirement is not all about money. You also need to prepare yourself emotionally. This is because your life will be a whole lot different than it used to be. And without a job to go to, you might feel that you are useless.
These things are essential factors of retirement. But did you know that even though you may be wealthy and you may have secured all of your retirement funds, there are still certain other things that you have to prepare for your retirement? Yes, there are. And two of them are securing your finances and assets.
Are you prepared for the time when you are no longer capable of making your own decisions or doing things all by yourself? Are your finances secured? Do you have asset protection? These are the questions you should be asking yourself.
Now it’s time for you to think, who you can trust? Who will get your wealth when you’re gone? I bet you have a personal attorney but do you have confidence in him? If not, it’s time for you to find someone to whom you can give a power of attorney.
It’s time for you to fill out a power of attorney form to indicate that you are giving that person the power to make decisions on your behalf, should it happen that you can no longer do so for yourself. You should also consider financial power of attorney. To whom will you give the right to hold your finances?
These are the steps that you can do to take to ensure that you can still enjoy your life, doing things you want to do, even if you are not working because you have sufficient funds and your finances are secured. You can relax, knowing that you are still in control of everything even if you get old, weak and sickly.
Now, I will leave you with the same question I asked earlier. Are you sure you are ready to retire?
For more information, visit my website: http://ReadyForPREtirement.com
Kris A Miller