Retirement is a time to enjoy the rewards of a lifetime of hard work, but managing cash flow effectively is crucial to making this phase truly fulfilling. For retirees who hold investment properties or other assets, ensuring that income streams are reliable and aligned with their lifestyle needs requires thoughtful planning.
Your 40’s and 50’s are important years for making good financial decisions. While you are most likely earning a good income and enjoying your current lifestyle, have you thought about how you can continue that lifestyle in retirement, when you are no longer earning an employment income? Let’s face it, retirement isn’t that far away.
You may be enjoying your current lifestyle, earning a good income, paying off the mortgage as well as having a little left over to enjoy the finer things in life. You could say you are “living the dream”.
While you may be enjoying your lifestyle now, have you thought about what steps you might take in order to sustain your current standard of living in your retirement years, without your employment income?
