So, you would like to retire with security and dignity.

Your first step is to develop a plan. Seek the help of a professional financial planner, if necessary (recommended).

Your plan should be charted with your significant other, if applicable. The plan must be embraced by you both and should be realistic in its goals.

The earlier in life you adopt a plan, the easier it will be to see it to fruition. It is generally easier to set aside $500 per month at age 30 than to save $1,500 per month at age 50.

The second and most crucial step is to put your plan into effect and to stay with it in good times and in bad. Discipline is the most important ingredient to any plan. Remember that good habits are just as hard to break as bad habits. As you see the results of your hard work, you will be encouraged to continue.

The third step is to monitor your progress and consider modifications as you see changes in cost of living, investment rates of return and your personal life and goals. No plan will be able to anticipate the many twists and turns of our dynamic lives.

If you have accomplished the first three steps, you will now be able to enjoy your well-earned retirement. This represents a major shift in direction since you have previously been largely concerned with accumulating assets and are now in the enviable position of being financially secure.

The other challenges in life including family, relationships, career and health will be easier dealt with when you can face them from a position of financial strength rather than weakness. None of my clients have complained of accumulating more than they expected.