Dec 22, 2011 06:03 PM IST | Source: Moneycontrol.com

Checklist for financial independence

It is important to get your finances in shape. Here are some pointers to follow, which will stand you in good stead after your retirement

Checklist for financial independence

Checklist For Financial Independence

It is important to get your finances in shape. Here are some pointers to follow, which will stand you in good stead after your retirement

Everyone wishes to lead a comfortable life after retirement. They want to see the world, spend quality time with their grandchildren, and above all lead a financially independent life. If you are among the elite who are nearing retirement then the question you need to answer is whether you are prepared for this.
 
There are a number of issues which need to be addressed like determining your retirement savings, insurance, foreign travel. The list is endless.

Let us run through a checklist which will help you determine whether you are well prepared or whether you need any further preparation. To make the task easy, the checklist has been divided into four important headings.

Lifestyle:

What lifestyle are you willing to lead post retirement?

You need to answer what kind of lifestyle you would like to lead after retirement

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