Before I get retired


I hope to get retired from 70’shaving a lot of saving in the Bank, debt free, the mortgage pays offstay healthy, still be able to write and travel at my home country, happily married ever after with my husband and seeing my only one daughter’s success in her life.
I am not scared to die, but this is what I am scared about,” No house, no debt free, no money and get retired from 70’s and end up alone!!!


You can’t turn back the clock or rewind it the life.  These are only  a few important points that you need to prepare before retirement:
  1. You must have an emergency fund saving account least for three months. You never know how long does it take to the start date of your pension.
  2. Pay off the debts, credit card, Mortgage, or other loans
  3. Change your budgeting before and after retirement. For example, my retirement budget will be included only these expenses: Utility bills (Fortis BC, Hydro) and Medical, Internet, House Insurance, only one car insurance, Phone, Emergency, Saving, Food. It means my expenses are only 57% after retirement.
  4. Need to make a plan for your health care costs in retirement, don’t rely on the Medicare that you have now. It means you need to put on your budget now as an expense.
  5. Learn about the source of retirement income here
  6. You need to learn how your retirement income will be taxable.
  7. Start saving for retirement as early as possible, It’s never too late.



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