There is a lot of buzz out there about having enough assets or income to be ready for retirement. Enough assets and income for what? The key to the financial side of retirement is to know what your expenses are. From there, extra costs like taxes can be added, and then the assets generating the income can be forecasted to see how it will pay for these costs. How to arrive at these expenses means asking yourself: «What kind of lifestyle do I want to have?» Since there are so many variations of the answer to this question, there is some introspection that likely will take place that will help form the retirement vision.
