Whatever your dreams and goals are, having a high-definition picture in your head of what you want your retirement to look like will keep you motivated when you might feel like taking your foot off the gas. It’ll also give you a starting point for retirement planning and help you answer some important questions, like how much money you’ll need by the time you retire and how close you are to making your dream retirement a reality. Less than half (42%) of workers have actually tried to figure out how much money they’ll need to save by the time they retire.

The interest rates you can expect to pay vary depending on your business profile. There are various risk factors that the lender will consider, and generally speaking the higher the risk, the higher the cost of the famulus. Your goal is to consistently invest for retirement as you focus on other financial obligations, such as funding college for your kids and buying or paying off your home. With an empty nest and a paid-for home, you can plan to ramp up your retirement savings later if you need to.

To build wealth and invest with success, you need patience—lots and lots of patience. Slow and steady wins the race every time. There are no shortcuts, people! Remember, investing is a marathon, not a sprint. And it’s not for the faint of heart. The stock market is a roller coaster that’s going to go up and down, but you’ve got to be strong enough to stay on the ride through all the twists and turns that pop up.

Investing isn’t a solo sport. You need someone who can help create a retirement investing plan that fits with your life and your goals—and that means working with a financial advisor you can trust. When we completed the largest survey of millionaires ever done, we found that they didn’t achieve their net worth on their own—68% of them used a financial planner to help them get there. Retirement planning is too important to figure out on your own.

With the onset of retirement, the pay cheque has to be arranged by you. A simple way to do it is taking an immediate annuity policy like ICICI Pru Immediate Annuity by investing your retirement corpus. This will ensure that every month a fixed sum of money comes knocking on your door. By giving you fixed income at regular intervals chosen by you, you can live a comfortable life in your golden years.