Retirement isn’t just the end of your working years — it’s the start of a new chapter in life. But enjoying that chapter takes planning, strategy, and flexibility. Here’s what you need to know to get started.
Ask yourself:
When do I want to retire?
What kind of lifestyle do I want?
Where do I want to live?
These answers shape everything else — from your savings goals to your health insurance needs.
You’ll likely pull income from several places in retirement:
Social Security
(based on your earnings history)
Pensions
(if you’re lucky enough to have one)
401(k), IRA, or other retirement savings
Investment income
(stocks, rental properties, etc.)
Part-time work or consulting
Knowing what you’ll have coming in is key to building a sustainable plan.
You might spend less in retirement… but not always. Don’t forget:
Housing (mortgage, rent, taxes)
Health care & insurance (Medicare, supplements, long-term care)
Travel, hobbies, entertainment
Unexpected costs (home repairs, family support, medical needs)
Planning for flexibility is just as important as planning for fun.
Smart investing doesn’t stop at retirement. You’ll need a strategy that balances:
Growth (to keep up with inflation)
Income (to fund your lifestyle)
Protection (to reduce risk and preserve what you’ve built)
Your investment strategy should evolve as you age.

Follow Us
© Copyright 2025. Turning65ThisYear. All rights reserved.