I have been at work all day so nothing much to report on the home front.
However, we are currently working on a long-term financial plan as opposed to the day-to-day budget. There is so much to consider – transition to retirement, salary sacrifice, superannuation options and so on. We have sought professional guidance but the final decision is ours and we have to be comfortable that we have a workable and sustainable plan.
Do you have a retirement strategy? Or are you already retired from the workforce?
There is a lot to consider. We have plans but they have to be fluid at present. Just hoping we can get to the dollar we want in three years when my husband will turn 60.
There needs to be a balance between planning and flexibility. We have some clear goals but are well aware that these could be changed if one of us were to lose our job or developed significant health problems. There is no reason to think that either of these scenarios are going to occur but you do need to be realistic.