Retirement - it's about the kind of life you want to lead
A holistic retirement planning model that puts the retiree's purpose at the centre of all his financial decisions will help mitigate a negative mindset.
THIS is the final instalment of our retirement series, so I have put together what we have discussed in the past 10 articles as a summary here. (You can read the unedited version of the earlier articles at www.providend.com/articles/)
A survey was done in 2010 to understand the retirement journey of individuals (The New Retirement Mindscape II Study, 2010 Ameriprise Financial Inc). It is a good starting point to understand what retirement planning should be. It detailed six distinct stages in this journey.
Stage 1: Imagination (6 to 15 years before retirement)
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