The Retirement Newsletter: Starting to plan for your retirement

Issue Number: -132 — Let’s do a SWOT

Photo by Myriam Jessier on Unsplash

Welcome

Welcome to issue -132*.

This week I will continue writing about how to plan for your retirement and how you can use a SWOT analysis as part of the process.

Planning

OK, back to planning.

In issue -134, I wrote about the reasons to retire, and in issue -133 about how I determined my date to retire. In issue -133, I also introduced the tool I used for my planning — Evernote, and I then mentioned SWOT analysis.

So, what is SWOT?

SWOT analysis

Depending on your career or industry, you may not have come across SWOT, but it was the thing to do on any project at one place I worked. They were SWOT crazy.

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats — it’s a way of helping you plan and examine a project, and I will walk you through the process below. However, if you want to find out more about SWOT, have a look at Wikipedia or have a look at Amazon.

So, SWOT.

The project we have, and our aim, is to retire at a specific date. We need to identify the Strengths…