Building an Action Plan
Remember we discussed what separated people who get it about money from the rest of us – they have a plan and they stick to it. Building your individual action plan starts with building your Financial Plan for retiring well.
So that you achieve your goal of retiring well, you must embrace the urgency of identifying and setting goals that give you the flexibility to make adjustments as circumstances in your life change. That means making certain that your goals are SMART in order to have a workable financial plan, a budget that fits you and makes sense – all implemented via your individual Action Plan.
Making certain that your Action Plan gets you to where you want to be in retirement, it is important to distinguish between WANT and NEED.  We can intellectually differentiate between WANT and NEED, but living on less money in retirement is a reality that compels us to prioritize NEED over WANT.
Are NEEDS and WANTS the same for everybody?  The answer is NO.
However, all things being equal, we all have the same basic NEEDS and WANTS. Although, NEEDS determine what is absolutely necessary for human survival, WANTS often drive us to succeed. The challenge is knowing the difference, amassing and utilizing the requisite knowledge to choose options and make decisions that will lead to the goal of retiring well.
Your individual Action Plan will only serve your purpose if you put it into ACTION.
P. S. Always Remember to Share What You Know.
For information on saving with TSP.GOV
How to maximize federal benefits with a benefit analysis
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