Retirement planning: 4 steps to "no regrets" retirement Posted on April 10, 2012

Retirement planning: four key steps to “no regrets” retirement

When you retire, will you look back and regret or be satisfied with the planning decisions you make, or avoid making, today? Consider that 57% of retirees expressed regret about decisions they’d made while still working (Consumer Reports National Research Center, 2011). Alternatively, 28% of retirees were “highly satisfied” with their retirement preparations.

Four key steps that will help you avoid regret and move toward satisfaction in retirement:

  • Live within, or below, your means — Be realistic, honest with yourself about needs and wants.
  • Educate yourself about your investments — Be comfortable enough with an advisor to say, “I really don’t understand this.”
  • Start saving and planning for retirement now — Life’s roadblocks happen. There’s never a perfect time. Save at least a little bit.
  • Envision what you want your retirement to be — Ask values-based questions: What do I plan to do? How and where do I plan to live? Even if you can’t put all the pieces in place, just start.

Read the full article at Oregon State Credit Union’s Home and Family Finance Center.

* Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA / SIPC ) and SEC Registered Investment Advisor.  Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

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