July 4th, our nation’s Independence Day, provide a good opportunity for reflection. Check-in with your self and answer the following questions.  Then ask them to your spouse or significant other. You may find that between the two of you, your definition and goals for when you reach financial independence  (aka retirement) are very similar or the economic crisis has your goals miles apart. The time to refocus is now.

When do you want your Independence Day (Retirement to begin)?

When do you think it will actually happen?

What changes and sacrifices are you willing to make to meet your ideal Independence Day goal?

What is the first step you are going to take to figure out the new plan? (Hint: Who are you going to talk to?)

If you are already retired – Can you afford to stay retired?

These questions will guide the process of figuring out your next steps. Just remember to write them down, so they become tangible items you can deal with vs. thoughts rambling around your head.

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