Project Retirement

Retirement planning is all about choice and the reality of it is there really is only 2 choices.
The first choice is the government sponsored plan. It allows you to live pay cheque to pay cheque during your working years buying consumable goods as your wants dictate. The best part about a government sponsored program is all decisions about your health, economic well being maybe even where you live will be decided for you.

Did you notice how I did not use the word wealth. That is because under the government sponsored program you do not have any wealth. Your standard of living is determined by organizations and people who have an idea of what is an acceptable standard of living for your region.

Your other option is your own personal plan, tailored to meet all your expectations. Your personal plan could include travel, new cars, helping your grand children with university, entertainment, fine dining, recreation and extra for unforseen events or health conditions that may arise.

We all know the second option always sounds better that the government plan. The second option is not really that easy. You see if it was easy then everybody would be doing it.

Retirement planning is similar to running a marathon, you need a written plan and some professional help in the form of a trainer/planner to prevent injury. Similar to running a successful marathon you do not want to start your marathon / retirement only to find out that somewhere in the middle your training /saving was inadequate because nobody can help help you survive inadequate training/saving except the government plan. This is why getting a written plan is a must.