Driving Away Retirement Blues with the Right Financial Planning

Most of us daydream about retirement being that golden period of our lives, when we will be able to do everything we’ve been putting off in the present, due to other responsibilities taking priority. While this is a dream shared by many, only a handful actually has their financial planning in place in order to make the most of their golden years. Richard Cayne of Meyer Asset Management Ltd Japan mentions that in order to be able to fulfill all your retirement dreams, planning your finances from an early stage is of utmost importance. He emphasizes that retirement is not only a time when you will have a lot of time on your hands to fulfill your desires, but it is also a time when you will not have the luxury of a regular income by your side. Therefore, according to Richard Cayne of Meyer Asset Management Ltd Japan it is imperative to plan your finances and savings far in advance.

One of the first steps that will help you plan aptly for the future is assessing your present situation and financial obligations. Richard Cayne of Meyer Asset Management Ltd Japan mentions this is the stage when you must not only be clear regarding your income, but also your present and continuing expenses along with jotting down the kind of lifestyle you seek to observe after retirement. Once certain about the answers to these questions, the next step would be to figure out your financial objectives. Richard Cayne of Meyer Asset Management Ltd Japan recommends using the services of a qualified professional financial consultant from this stage onwards, so that you have the advantage of expert opinion by your side. In order to figure out and justify your financial goals for the future, it is very important to put into perspective your income, savings and investments.

Once the above two steps have been established, it is then time to discuss the “how” and “when” of achieving the financial goals you have set up for yourself. Richard Cayne of Meyer Asset Management Ltd Japan mentions that a good financial consultant will now introduce you to various wealth creation and saving tools, to make the burden of saving for a better tomorrow at the expense of cutting down on expenses and happiness today an easier task. According to Richard Cayne of Meyer Asset Management Ltd Japan, the job of the financial advisor doesn`t end with a financial plan; an expert will always make sure to follow up on you to check whether the plan has been put into action or not, and also revise the same from time to time, since financial obligations and the investment climate tend to change drastically over the years. However, once you have implemented your financial plan and keep a check on it every now and then, you can feel free to build the life of your dreams post retirement, since you will now have the finances to achieve your goals.