Retirement is some thing that everyone fancies. Having a comfortable retirement has different meanings for different people; few want to build their dream house on a remote island while others want to roam around the tropical destinations. So it’s the retirement plan that makes it comfortable for everyone.

Although every one has such romantic plan when it comes to the retirement,  it is utmost important to have a practical view of the life after retirement. You must not only plan, but you must also see if you can afford the leisure living or not.

So it does not matter what your retirement plan is, all that matters is whether you will be able to live without worrying about the finances or not. If you will be able to do so, then you have a good plan of life after retirement.

Here are a few things that you can consider before your retirement to ensure a comfortable retirement.

1. It has been observed in different studies that generally the pension money does not meet your dreams. So how would you live the dream life after the retirement? The answer is ‘to build a better and solid financial plan’.

You may conclude that your living expenses will not be that high during the retired life but then there are other things that you have dream about and you will need money for them as well. You need to have money to live the life style that you have planed.

You will not only have to spend for the plans that you have set up, but you will also have to spend more than that you have planed. This is because of inflation. With time the prices are going up and there is no chance that they will ever come down, this will in fact brings down your spending power, with the same amount of money years back.

You need to know that whatever the economic condition be, there is no way that the prices are going to come down or going to stay same. You need to calculate the expenses according to those prices.

• Your pension depends on the funds that you have been submitting through out the years. The pension monthly will be determined according to all of them. You will be getting those funds once you have reached 62^nd year of your life. So you need to plan accordingly. You should not withdraw any money till you are 62 to get a better monthly pension.

• COLA or cost of living adjustments is something that you will fancy including in your pension plan. This will help you to meet the expenses easily after the retirement when we consider there is inflation factor.

• Medical care is something that you can look into. It does not always pays all the medical expenses so look deeply into and see if your employer pays the sufficient medical expenses or not. If he does, then you will not have any problem at all.

If you follow the instructions given in this guide, you will be able to have a comfortable retirement and a happy living after that, enjoying the life to the fullest.