3 Steps To A Stress-Free Retirement

3 Steps To A Stress-Free Retirement

Retirement doesn’t have to be complicated.

I see too many folks get analysis paralysis when it comes to planning their own retirement. They think they have to get every single detail right, otherwise they’ll end up penniless and on the streets.

The fact is, it’s just not true. You can’t let perfect be the enemy of good. If you wait for the perfect plan, you’ll never retire.

Instead, focus on getting to 80%. 80% is a stress-free retirement.

What do I mean? The Pareto Principle that states 80% of benefits come from 20% of effort. It’s an interesting idea that holds true across many fields, including retirement planning.

In retirement planning, you can get 80% of the benefit from 20% of the effort by focusing on three main keys.

  • Live within your means
  • Stick to your investment plan
  • Be tax-smart with your withdrawals

Pretty simple, right? Retirement planning doesn’t have to be complicated to be successful.

Let’s break these down.

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