Carefree Retirement

Carefree Retirement

To have a carefree retirement you need to be mentally and physically healthy. By the same token, you need to be "healthy" financially. You need to consider the following in order to have a carefree and happy retirement:

1. Your lifestyle during your retirement.
2. Commitments such as children's education and their cost of living.
3. An adequate amount to cover inflation.
4. A contingency fund to cover ill health and accident.

Image source: https://kscripts.com/general/how-to-budget-your-way-to-a-carefree-retirement.html