Having your affairs in order to prepare for retirement isn’t as cut-and-dried as a simple dollar amount. There’s also the consideration of what you want an affordable retirement to look like and what you’ll be doing on a day-to-day basis.
With housing alone, there are numerous ways that retirement can vary from person to person. Some people would prefer to stay in their family home as long as possible. Others ditch a house altogether and wander around the country in a motorhome or jet-set around the world having adventures.
Whatever your ideal retirement living arrangement looks like in your head, you’ll want to familiarize yourself with some options. After that, you’ll want to make plans to ensure that your finances give you the ability to provide you with the retirement you want….