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The Retirement Newsletter: Planning for your retirement — a summary
Welcome
Welcome to issue -129 — yep, still counting down the weeks until I retire.
This week, I will finish off ‘planning’ — that is, how you can plan to get to your retirement date — with a summary of the process I am following.
Planning — the summary
OK, I have explained how I have planned to get to my retirement date over the last five newsletters. However, you should remember that plans are fluid. They do not have to be adhered to — they are subject to the ‘winds of change’ in your life.
And, as I found, there is also a cyclical nature to a plan — a feedback loop. For example, my first retirement plan failed. However, my last failed plan helped identify my best retirement age in terms of my pension pot. That is, if I hadn’t attempted the first plan, I would not have noticed the ‘quirk’ in the way my pension worked. This discovery fed into my final plan, the one I am now following.
OK, so let’s break down the four key steps:
- Identify your retirement date — see issue -134
- Do a SWOT (optional) — see issue -132
