If you have a retirement strategy tailored to your needs, then yes. You’d be in the minority if you did, but we have some suggestions for getting started on that strategy.
Tag: planning
The Stress Of Retirement And What To Do About It
Many of us spend years imagining our dream retirement—traveling the world, spending more time with family and friends, pursuing hobbies like painting, gardening, cooking, golfing, or fishing, or simply taking it easy for a change. We often neglect the psychological effects of retirement while planning for its financial components.
Retirement: What is the safe withdrawal rate
The safe withdrawal rate (SWR) technique is a retirement spending plan that enables retirees to take funds from their portfolios while avoiding the danger of running out of money. Although imperfect, the safe withdrawal rate gives retirees a spending guideline.
Retirement Home or Village? Everything you need to know
Retirement homes and retirement villages have become increasingly popular options for older adults looking for a change in their living situation. There are various reasons why people choose to retire to a retirement home or village, and these reasons can vary based on personal preferences, financial considerations, and health needs.
Retirement Planning: How to Balance Debt and Savings
It is common for Americans to struggle with debt while saving for retirement. According to various surveys and reports, many Americans have an obligation that they are trying to manage while also saving for retirement.
Retirement Relocation: Unlocking a Wealth of Benefits
One potential benefit of moving after retirement is the ability to sell an expensive home, buy a less costly one, and pocket the difference between the two. Besides, you never know if that course of action won’t be more lucrative than you first anticipated.
Retirement Dilemma for Americans
Much of the enjoyment of future planning is daydreaming about retirement, especially as middle age progresses and work expectations diminish. Whether you have a family or a partner or just want to undertake life changes on your own, contemplating the possibilities of life after work is a significant aspect of approaching retirement.
Learn how Divorce and Social Security can impact your retirement income.
Remarrying and other life changes can add layers of complexity to the process of determining Social Security spousal benefits. Let’s look at a few illustrations.
Unlock the Benefits of HSAs: A Retirement Account You Can’t Afford to Ignore
When discussing retirement accounts, the health savings account (HSA) is often overlooked in favor of the more common 401(k) and individual retirement account (IRA) options. Even though HSAs weren’t created with retirement in mind, they can still be essential to anyone’s overall financial strategy. The same is true for the elderly in particular.
Achieve Your Retirement Goals: It’s Not Too Late to Start Saving
There are a lot of folks who wish they could stop working sooner rather than later. However, it is common for workers to need to begin contributing to their savings at a relatively young age to make this a reality.
