Consider the following challenges that could fold or change your retirement plans.
·
Blowing your retirement savings on things you don’t
need
·
Investments didn’t work out as planned and you
received less
·
Buying expensive cars, trucks, campers, and trailers
that don’t fit your retirement lifestyle
·
Not using a senior’s monthly budget to plan with the
retirement income you do get
·
Having a mortgage or debts you still need to pay for
can be stressful (Can You Inherit Debt?)
·
Becoming ill and no longer able to care for yourself
·
Modifications to your home to accommodate illness
·
Loss of your driver’s licence due to illness or
other reasons
·
Planning Your Funeral In Advance or talking about it
·
Not Keeping fit, eating healthy and socializing
causing loneliness
·
Avoiding self-care or the way that you look and
dress (motivate yourself with beauty)
·
Neglecting Estate planning including updating your
Will
·
Not understanding all of the available services for
seniors in your community
·
Consider health benefits if you have none or for
items not covered by the government
·
Not taking advantage of seniors' discounts and
savings are missed opportunities
·
You outlive your retirement saving
·
One of you passes away and your spouse is faced with
a frozen bank account
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