We all have our dreams of what we want to do when we retire, visuals of us sitting with our partners on a porch watching as the grandchildren canter around the garden in glee, or elongated holidays where nothing is a worry. These dreams have not changed, yet there are many more people who are worrying about their lifestyle and their ability to survive after retirement today than there were 5 years ago.
Most retirement plans are investments which have been taken out in the stock market and are usually monitored by the company where you have your plan. The problem is that with the global recession and the 2008 crash of the markets, it has caused major concerns for people who are retired as well as those close to retirement age.
It is not necessary to change your dreams from being worry free and able to spoil the grandchildren or go on elongated holidays, just change your investment knowledge and your lifestyle.
Living within your means is common sense that many people do not practice as long as they have a monthly income which will cover the credit card over draft. Now is the time to re-evaluate your needs and change your lifestyle to suite your income so that you can have the sense of security in knowing that your retirement money will be enough to last you till you pass on.