Once Your Federal & Postal Retirement Plan Is In Place

Federal and Postal Retirement Planning

After you put your federal retirement plan in place, the biggest challenge is implemnting it.  It takes discipline to stick to your retirement plan.  It is not a bad idea to find a person you trust to encourage you to stay the course.  Handling money responsibly and respectfully can be a challenge.  However, it is a lot easier when you do.  When money is involved, you have a choice.  Staying on track to meet your financial retirement goals can be achieved by following these tips:  

Federal / Postal Retirement Plan Tips

• Write down your goals and place your written reminder where you can see it everyday.
• Tell somebody you trust about your retirement goals and who understands what you are doing. Ask them to check in with you about your progress.  Knowing that someone will be inquiring about your progress can be a good source of motivation.
• Review your financial plan regularly so that you can gauge where and when you need to make adjustments.  Keep working to stay on track.

Monitor Your Federal / Postal Retirement Plan

After putting your federal retirement plan in place then you must be ready to monitor and modify the plan.  This is a very critical step in the financial planning process.  Once you have developed a retirement plan, you will need to monitor it closely at regular intervals to stay on track.  A financial plan is meant to be a living document that evolves over time with changes in our lives.  You will inevitably run into unexpected obstacles and roadblocks, but the strategies you employ to over come those hurdles will help you to stay the course.

Your goals may change and your resources may deviate.  You might have to spend money you didn’t expect to spend.  Conversely, you may receive money you did not expect to receive.  Life is a work in progress and unexpected changes are a part of life.  Because of this very dynamic, it is always prudent to closely monitor and review your plan whenever there are major changes in your life.

When you reach a goal, applaud yourself and cross it off your list.  Now is the time to revisit your list of goals and query yourself:

• Is it still valuable to achieve my existing goals?
• Are there any new goals to be added to the list?
• Do I need to delete or amend an existing goal?

P. S.  Always Remember to Share What You Know.