For anyone getting close to joining the ranks of retirees, there are some key aspects of your impending new status you need to review.
Roughly 10,000 baby boomers turn 65 every day, the age most often associated with retirement. Of course, not everyone hangs up their working hat at exactly that age, which means your own situation could be very different from that of someone else on the edge of retiring.
And while some people may have been saving and planning for decades for retirement, others might have given little thought to their transition away from 40-hour (or more) work weeks.
Slocan Lake, BC
Ira T. Nicolai | Stone | Getty Images
Regardless of where you fall on that spectrum, here are some things to consider as you prepare to say farewell to your coworkers and embark on the next leg of life’s journey.
Know your expenses
You might have a general idea of what you spend, but you should have a clear picture of your expenses and how that might change in retirement.
For example, while you…