Are you ready to retire?

The other day I read in the news that Ronaldo, one of the best soccer players, was retiring - he said " ...his body can not take it anymore." Ronaldo put an end to an 18-year career in which he won two World Cup titles with Brazil and thrived with some of Europe's top clubs, including Barcelona, Real Madrid and Inter Milan. He retires as the leading World Cup scorer with 15 goals.In his early career when he was in Europe playing soccer in Italy and Spain- and making fortunes, he also built a Sports Agency Marketing. He was one of a few that could retire at any time.
Still, he was not emotionally ready to retire.

There are four basic things that you need to consider when deciding when to retire. Are you physically, mentally, emotionally and financially ready to retire?

There are many jobs that are a physical strain on your body. It is important to know when to retire before your body is physically exhausted. (Ronaldo can fit here)

Mentally you have to be prepared to do something else. I know many people think that they will just play golf or fish every day. That will get boring after while. You should find a few different activities to keep you somewhat busy. (Ronaldo has his own Sports Agency for young soccer players...other than also play Golf, fish and drink beer)

Emotionally you need to be prepared NOT to go in to work. (Ronaldo was not ready to give up playing soccer,but his body was exhausted).

But the most important aspect of deciding when you should retire is being prepared financially.The sooner you begin investing the better. (Ronaldo doesnt need to worry about that!!!)

Remember, stuff happens in life. Retirement is like most good things, it is much better to be overprepared than to wing it.

Planning for retirement should begin as early as possible in your life, but with some careful thought, however, the planning process can be started at any time in your work career.