Your Money: Financial Expert on Retiring on Good Terms

How to Retire on Good Terms?

It's a question that many people ask themselves as they approach the end of their working years. After all, retirement is a major life change, and it's important to make sure that you're prepared both financially and emotionally.

Financial Expert Weighs In

According to financial expert Suze Orman, there are a few key things that you need to do to set yourself up for a successful retirement. First and foremost, you need to make sure that you have enough money saved up. This means contributing to your 401(k) or IRA on a regular basis, and making sure that you're saving enough money to cover your expenses in retirement.

In addition to saving money, you also need to make sure that you have a plan for how you're going to spend your time in retirement. This means thinking about what you want to do, and how you're going to stay active and engaged.

Finally, you need to make sure that you have a support system in place. This means having friends and family who you can rely on, and who can help you through the challenges of retirement.

Tips for Retiring on Good Terms

• Start saving early and often.
• Contribute to your 401(k) or IRA regularly.
• Make sure you're saving enough money to cover your expenses in retirement.
• Have a plan for how you're going to spend your time in retirement.
• Think about what you want to do, and how you're going to stay active and engaged.
• Have a support system in place.
• Rely on friends and family who can help you through the challenges of retirement.

Conclusion

Retiring on good terms is possible, but it takes planning and preparation. By following these tips, you can increase your chances of having a comfortable and enjoyable retirement.