I no longer make New Year resolutions. I think a lot of people – me included – use the approach of January 1 to delay doing things that should be done now. However, there are retirement planning tasks that can be done periodically and January 1 is a good time to schedule some of them.
< I wrote a post for the On Retirement blog at U.S. News and World Report this week that summarizes 6 retirement planning steps for a new year. You might find something there of interest. To that list I would add re-calculating your net worth and comparing it to January 1, 2010. This is a good financial progress metric for a pre-retiree to track. If you are still saving for retirement and your net worth declined in 2010, you are doing something wrong. Fix it and fix it fast.
If you are drifting around the Internet and want to hear an interview I gave to the Annuity News Now network on retirement readiness, you can listen (and see my photo) here.
Here’s hoping that we all have retirement planning (or living) success in 2011.
Happy New Year to all my readers and visitors.