Traps to Avoid in Retirement: Leaving it too Late to Achieve your Goals

couple talking about their retirement goals and aspirations

Most of us had retirement goals and aspirations, and couldn’t wait to finish work. So once retired, why haven’t we started ticking items off the bucket list? There’s no time like now for living your dreams.

When Tony and Chris retired they had grand plans involving a campervan, Kakadu and a rescue dog. Their great Australian road trip was happening the very next year, after they, “just got few things out of the way”.

Things like their daughter’s November wedding, then the kitchen reno in January. Kakadu wasn’t going anywhere; it would wait until July – after Chris’s knee reconstruction.

Eventually, they stopped putting a date on their road trip. They were going to Kakadu – Someday.

But in this fast-paced world, someday can be elusive.

Nine years later Tony and Chris finally resumed preparations – they even visited a Campervan Show. But then Tony fell and needed hip surgery and reality hit hard: the road trip was impossible.

Why do we so often put our dreams on hold?

While it’s unwise to spend savings too quickly, delaying our retirement goals and aspirations may mean never achieving them – after all none of us is getting any younger. It’s important to enjoy life while still fit and healthy enough. If you’re not sure of your finances, speak to your adviser or tax accountant.

The key is to make firm decisions, budget carefully, and stick to your plans.

A wise man once said, “Don’t save a good wine for a special occasion. Open it now and make today the special occasion.”

In other words, live the best life you can – now.

Sound advice.

Book a cost and obligation-free financial planning appointment today: https://bit.ly/your-right-choice.

Visit our website to learn more: https://rightchoicefinancial.com.au/

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