Preparing early for retirement is critically important as fewer than 1 in 10 people will actually retire and make the transition into the life that they want at some point. Retiring and becoming financially independent has a different definition for everyone. As an individual or small business owner, you get to set a goal for what independence mean. Determining your vision of retirement is an important first step in order to determine tactical goals that are achievable within the short term to achieve the long-term results you desire.

One important component when defining goals for retirement is to define values for your retirement plan such as health, religion, stability and more. This is key when choosing the right financial instruments and wealth building activities.This is key when choosing the right financial instruments and wealth building activities.

This Waymark Wealth planning exercise can help you identify your Core Values: CORE-VALUES

After this initial discovery, the next step is to get started with a defined plan for retirement. Most individuals/business owners will identify around three key areas that they feel are important to build an actionable retirement plan.  One of the most important first steps is to manage your cash flow and make sure that you are not spending more than you make. It is then about matching the core values with appropriate retirement options and sticking with a plan! 

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