Getting the idea of retirement kicks in when you reach the age of 60 years old and above. You should have a good plan before retiring or else everything that you have worked for in the past years will be dumped and put to waste. Here are a few things to ponder before you retire.

1. Be specific

   Set your retirement goals and plans. Be as specific as possible and picture out where you are headed to for the next phase of your life.

2. Save

   Save up before retiring. Cut expenses and invest your money.

3. Evaluate insurance

   Buy a long term care insurance. It will be very handy when you will need to get medical and care attention when the time comes.

4. Others

   Consider other options like retiring slowly or working a part time job. This will help you adjust financially and emotionally to a new stage of life.