Home is where the heart is!
Our homes are our security, our safekeeping, and come into play when we retire. When “home” and “retirement” are used in the same sentence, people usually envision a planned community in sunny climes, driving around in golf carts, dinner at 4:30 p.m. and grandchildren coming to visit for the holidays. Our home, at any age, represents our level of comfort. It’s our domain. So, from my perspective, proper planning and saving for retirement is fundamental for guaranteeing the comfort of a secure home during the twilight years.
Saving for your retirement is saving for your future home!
Financial planners and advisers are always talking about saving and investing toward a comfortable retirement. To me, the whole idea of planning for an ideal retirement is, first and foremost, that I have a home of my choice during my senior years.
Younger folks, in the 20s and 30s, perhaps even in the 40s, are often shortsighted when it comes to saving and investing for retirement. It’s just too far into the future. They don’t want to contemplate having lost their youth. I’ve been there and done that! However, if we can help change that perspective, for people of any age, folks might come to realize that the sooner they start planning for retirement, their chances of having the home of their dreams in later years increases.
In my book, Customize Wall Street, I introduce a straightforward, easy to understand method for planning and saving for a secure retirement, while reducing stress and worry. Individuals or couples of any age can apply this method. It’s never too late, or too early, to plan for the future. This is not the place to give a full review of my book, but a few key points are worthy of note.
First, you will have a better chance of being successful saving for a secure retirement if you implement a plan to follow. This, in itself, will help you reduce stress and worry as you pursue your financial goals.
Second, you should look at the big picture world of economics and finance, and identify things you can control and things you cannot control. As individuals, we cannot control the ups and downs of stock markets, interest rates, gasoline prices, or economic crises in Europe and Asia. So let’s not stress so much over things we cannot control. Instead, let’s focus on the things we can control – the more personal things like the amount of money we can afford to set aside toward retirement and the setting of realistic financial goals we feel we can achieve. If we set our own goals, we control those goals.
In the book, I pose five key questions we can ask ourselves, the answers to which will help us set goals and implement a plan to achieve those goals. We can even modify our goals and our financial plan when necessary, adapting to the reality of our personal financial situation. This is all designed to help us have that future home that will give us comfort in our retirement years.
Home is indeed where the heart is!