Advance planning is the key to a comfortable future, and the sooner you get started the better. If you go forward without any type of overarching plan for the future, you may encounter some unpleasant surprises as the years pass and the typical retirement age starts to come into focus.
If you strip it down to the bare simplicity of the matter, retirement involves being able to pay your way without working. Most people go to work because they need the money. So, how do you reach the point where you no longer need this income? This is the question that you must ask yourself if you intend to retire someday.
After your active retirement years, there is also the period of time that is often referred to as the “twilight years.” This segment of time requires a particular brand of planning as well. Advance health care directives such as a living will and a durable medical power of attorney should be executed. You’re also going to want to appoint someone to handle your finances in the event of your incapacitation.
The intelligent course of action is to create a comprehensive plan for the future at a relatively young age and make adjustments as they become necessary. Should you be ready to begin, the logical first step is to sit down and discuss your vision for the future with a licensed and experienced San Jose, CA retirement planning attorney.