Beyond the financial side of things, only you can know when you’re ready to leave the workforce. A financial planner can help you fine-tune your vision for the future.
When asked about retirement, many people say they want to travel. But do you want to travel 365 days out of every year? Think about the day-to-day and ask yourself what will keep you energized.
71% of retirees1 are simply taking time for themselves in retirement (while most pre-retirees expect to travel).
While moving to a smaller town or sunny destination upon retirement may sound appealing, you might wind up coming back if you miss your friends and family. Think about your priorities before making a move.
Retirement typically has three stages, each with different spending needs. There is the first stage, which is more active (and more expensive!), followed by middle retirement, which is more settled, and later retirement, when more healthcare expenses may come into play. Think about each stage as you plan.
See how RBC helped James and Mary live the retirement they always pictured.
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