For many people, retirement planning is all about saving money. Your retirement strategy may consist of contributing to a 401(k), an IRA or even a health savings account. When you’re young and have many years until retirement, asset accumulation may be your top priority.
As you near retirement, however, you may want to think about more than just dollars and cents. Asset accumulation is important, but you also may want to think about how those assets will be used in retirement. That means asking yourself questions about your desired lifestyle.
Below are four questions you may want to ask yourself as you develop your retirement strategy. These questions can help you think beyond the financial aspects of retirement planning. They can also inform your spending decisions in retirement so you can protect your assets and your financial stability.