BANGALORE: Some New Year’s resolutions are long-lasting for instance  losing weight, exercising more, spending more time with family and friends or becoming a better plan fiduciary.  These seasonal resolutions may have gotten away from you last year or perhaps you achieved your goals for 2014 and are ready to raise your target.

As 2014 draws to a close, it is the time to set goals for improving your life. Here are a few resolution recommendations for anyone at or around retirement age:

1. Create a Retirement Plan

Contrary to popular wisdom, most people enter retirement without much of a long term plan. However, it is critical that you assess your current and long term financial health and it is never too late. Start with an online calculator like the New Retirement Calculator and follow up with an advisor if you think it will be helpful.

2. Decide what you really want

Retirement is a phase which is now seen as more as a start to life than an end. It is an ideal time to identify what is important to you and do exactly that.

It seems that less than 15 percent of people over 50 actually achieve their resolutions. However, you can improve your chance of keeping your resolution by choosing a goal that is specific and realistic, picking just one goal, starting with small steps, setting intermediate milestones and getting support from family and friends.