You Don’t Treat Your Retirement Plan as a Living Document

Let’s say you’ve decided to think about your retirement in your 30s. You planned on living in a mansion with 15 dogs, traveling the world, having a huge family so the grandkids would always be around, etc, etc.

But how many of your ideas have changed? How many boxes have you ticked? How many of them now seem ludicrous?

It’s important for your retirement plan to be a living document. It should evolve as you grow and gain new perspectives. Not only that, but external factors come into play too. Most of the time, these are unwanted changes such as the passing of a loved one, a medical condition, or a divorce.

It’s back to the drawing board for you, and this time you have to make sure that you’re making changes as you go.