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What are your retirement plans? Many of us look forward to retirement and a change in routine. Not all of us, however, have a clear idea of what that new routine will look like.

Before you can get a full picture of your post-retirement life, you need to define your priorities, your interests and your financial situation. Here are few questions to ask yourself.

Where do you want to live?

What activities do you enjoy?

What about big projects?

Now that you have more free time for bigger projects, you might be considering some major expenses.

What responsibilities will you have?

How will your income change after retirement?

Remember, many retirement projects and ideas have costs associated with them. That’s why planning ahead is important. Consider what your net assets and expenses are now, and what they’ll be when you retire. Be sure to have a savings strategy in place that will give you the funds you need when the time comes.

When you’re planning your retirement, remember that your money needs to last. The Financial Consumer Agency of Canada recommends that people budget for at least 30 years of retirement. Canadians are living longer than ever—you should plan to enjoy it!