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Lesson 1: Retire When You Want
Your Map of the Seminar
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We can't tell you what life will be like in ten or even five years, but we can clue you in to what we've got planned for you over the next eleven lessons.
This is a self-paced seminar, meaning you have complete control over how you go about learning the material we're presenting to you. Here are some tips from previous seminar participants:
- Move at your own pace -- whether it's fast or slow. Most past participants found that tackling one to two lessons per week gave them enough time to read the lessons and complete the homework.
- Mark a date on your calendar or in your palm pilot by which you would like to complete the seminar. (Most people thought 2 months gave them enough time to complete everything and not feel pressured.)
- Carve out time in your daily schedule to read through the lessons, digest them, and start working on your own retirement plan.
- Be flexible with yourself. Don't put undo stress on yourself, but don't lose sight of the end goal.
- If you feel pressed for time, or don't have time to fully digest each lesson, feel free to skim the lesson summaries and homework. You'll be able to sketch out a plan and return to the material later, after life calms down, to fill in the details.
- Use your workbook! Having everything in one place will simplify your life.
- Don't be afraid of the boards. Past participants continually talk about how the boards help them answer their questions and refine their plans.
Our trip will have four major stops. We'll:
- Get set up. You'll learn to use some tools, make your first retirement decisions (you can always change them later), and make sense of where you are now.
- Figure out where all the money you'll need will come from. You've probably heard the words "IRA," 401(k)," "Social Security," "pension" and "rich Aunt Louise" a few times before. We'll see how these things will add up over the long haul.
- Examine the costs you'll encounter as a retiree and see how much money you'll actually need to live the retirement you'd like.
- Tie up all the loose ends by figuring out how to handle your estate, become the favorite aunt or uncle, and make your money last as long as you do.
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