re you getting ready to retire? With a good plan you can have prosperous, exciting and fulfilling retirement years. There are many decisions to be made: possibly moving to a new location, choosing the right lifestyle, ensuring you have adequate financial resources to live comfortably, among others. The Retirement Cape Breton Workbook will help you determine your retirement wants and needs, and give you helpful tips on what you should do to achieve these goals.
Retiring to Cape Breton is a great option for anyone who is seeking the ultimate in quality of life. Cape Breton has a vast array of activities and entertainment to offer any age group. We have affordable housing and living costs, a relaxed lifestyle, a wealth of recreational amenities, an abundance of quality entertainment, and, of course, breathtaking scenery. We offer many of the amenities you would find in larger cities, but in a friendlier, small-town atmosphere.
Take the time to go through the workbook and read the helpful tips and information on retirement living. Seek out other information on retirement planning or talk to people who have already retired. If you have any questions or are anxious to begin planning your life in Cape Breton, do not hesitate to call our Retirement Consultant at 1-800-818-2201. The Consultant will help you on your way to making the best decision of your life!
Seven Steps to Successful Retirement Planning:
1. Determine What "Retirement" Means To You
| Retirement brings with it many changes and new opportunities, so it will be very important for you to understand just what lies ahead for you in retirement. Knowing and understanding ahead of time will make your retirement years much more enjoyable. |
2. Consult Your Partner
| Determine and work out your retirement goals and concerns ahead of time with your partner. Retirement will be a new experience for both of you and the period of adjustment can be made easier when both partners have planned their retirement future together. |
3. Make Your Retirement Decisions Based On Facts
| Find out as much as you can about retirement. Talk to friends, family, and acquaintances to determine their opinions and the steps they took before and during their retirement. Read books and articles focusing on retirement from your public or university library. Begin making the necessary decisions after you have gathered and sifted through the information. |
4. Set Short-Term and Long-Term Goals
| The earlier you devise a plan which suits your retirement needs, the better off you will be when retirement becomes an actuality. Begin by assessing your current financial situation and what your financial picture will be like in the future. Also include in your plan the hobbies, activities, travel, plans, and other things you would like to do once you retire. |
5. Set Realistic Financial Goals
| Most people plan for financial security to meet the basic living standards and social values suited to their desires. Therefore, you must plan ahead and set aside a monthly amount of money to ensure your minimum retirement requirements are met. It is possible to decrease your current living expenses by relocating at retirement. For example, if you moved back to Cape Breton, your housing and living expenses may be drastically reduced. |
6. Choose A Location To Retire
| Your decision on where to live when you retire can have a great deal to do with your future happiness. Should you move to a new location such as Cape Breton? Do you want to live in a place where you can enjoy all of your favourite events and recreational activities? Do you want a location that offers programs and employment opportunities for seniors? Do you want to own you own home, rent an apartment, or live in a senior's facility? These are all questions which must be answered before you decide where you want to live and what you want to do during your retirement. |
7. Follow Through With Your Plan
| After you have organized, visualized, and worked out a retirement plan of "action", be sure to follow it through. Set tentative dates for reaching your short-term and long-term goals, and try to stick to them. By planning now, you will be free to do everything you want to do and truly enjoy your retirement years. |
