Formulating or estimating a retirement budget while you are still in the planning process is definitely a challenge. It is only natural to make the mistake of downplaying what we will spend, pretending we will be a tightly reined horse of sorts in that magical moment. Anyone can throw together a retirement budget, but creating one that works is a different story.
Remaining active after you retire is not always as easy as it sounds when you've spent your life working hard. Rest, relaxation, and enjoyment of your newfound abundance of free time can easily grow into complete inactivity if you are not careful. Naturally, you don't need to maintain a bustling week of activity akin to your previous work schedule, but you should take full advantage of the health benefits that come from being active.
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