Why your 50s are the most important decade

You can see if you can change your business rhythm and think about how you want to spend your time as your life is reopened. However, if your financial foundations were not in place, it would not have been so easy to do.

It may also mean looking at a completely super beyond. Midlife is an ideal time to create other income -generating investments, to take advantage of tax -effective ways to invest and to see if you really need to pay your insurance policies, which is more self -sufficient or if you can direct these funds to savings.

These are the real branches that have been flexible and relieved of your 50s, 60s and later retirement years and ignored until the final stages of relaxation.

Pension is not a target. A good life. And it starts long before the end line.

In my opinion, it’s no longer about retirement. It must be about choosing while moving through this stage of life. It is about to shape how your 50s, 60s, 70s and 80s can look at and use the first years of this process to prepare the ground.

I call it a pre -retirement or middle age installation phase. Then, I want people in their 40s, 50s and 60s to start looking for joy and meaning – not just to squeeze all their hopes and dreams into a pension plan and to say that they have to do in a job that they have not enjoyed for the next 10 years.

We should not expect retirement to reach good lice. We have gained more than 30 years of retirement to help create a good savings base. This is the time to ensure that the system works for you, to re -align and run it – not the opposite.

Many people still see Super as a set and support product and see it as the next target for pension plans. They assume that they cannot impress their super, or they are very complex. And most of the time they carry this uncertain emotion, they will never be “enough” without learning what it means enough.

As a result, they miss the chance to create a realistic strategy for early retirement for retirement, planned for the years before the retirement, when the children are independent, the mortgage is smaller and life can actually be more affordable and more fun.

This is the time when many people can enjoy more lifestyle freedom, move to part -time work, or finally start to live a little easier. But if they’re just planning.

The truth is that you get together earlier – to look at your super, investments and how you want to live, work and play in the coming years and create a picture – it can add hundreds of thousands of dollars to your future position. Not through magic, but through the smart, knowledgeable decisions taken when you still have time to take action.

Because the real secret is: retirement is not a target. A good life. And it starts long before the end line.

Bec Wilson is the best -selling author How to make an epic retirement and newly published Prime Time: 27 Lessons for New Middle Life. He writes a weekly bulletin epicretirement.net and hosts Prime time Podcast.

The recommendations given in this article are general in nature and do not aim to influence readers’ decisions on investment or financial products. Before making financial decisions, they should always seek their own professional advice, taking into account their personal conditions.

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