Can you imagine going on an extended vacation without making any plans?
No websites or tour guides consulted. No hotel reservations made. No itinerary mapped out.
Of course not. If you wanted your vacation to be a success, you’d budget enough money to cover your costs. You’d know when you were going, how long you could stay and at least generally what you would do while there.
But when it comes to the longest vacation most people will ever take — retirement — fewer than half of all Americans have a formal plan.
And that can spell trouble.
There’s nothing worse than being 85 years old, full of life — and being flat broke.
Read the entire article: Don’t leave work without laying out a ‘retirement map’ – NY Daily News
