If retirement is an option for you in the next few years, it’s important to pick the best time for you. The year and month you retire can greatly affect your benefits and vacation pay, and can have implications on your Social Security benefits and taxes. Here are several considerations to carefully weigh out.
In most cases, investments will make up the majority of your retirement funds. But in order to be adequately prepared for your latter years, you need to make the right financial decisions in each period of your life. Follow these steps to ensure financial security during your retirement.
Saving for retirement can be one of life’s toughest challenges, especially if you’re self-employed. Let’s take a look at how other entrepreneurs from around the country are preparing their finances so you can make the most of your golden years.
Elder abuse can be physical, leaving bruises on the victim’s skin, and elder abuse can be verbal, wounding the victim’s self-esteem. Elder abuse can also harm the victim financially, destroying credit scores, wiping out investment and bank accounts and racking up legal fees. Learn how to protect yourself and your elderly loved ones from financial abuse.
Retirement is something you try to prepare for as best you can, but with so much uncertainty in the market and your personal future in general, planning can be tricky. How do you know when it’s time? We’ll find out.
Whether it be investing in a portfolio, investing in the future of your children and grandchildren, or even investing in that trip to Versailles and Madrid, it’s important to know that your financially savvy days don’t have to end in your golden years. After all, they’re called golden for a reason.
No matter how old you are, financial analysts will likely encourage you to start preparing for retirement now. Sure, most folks will qualify for social security benefits, but if you want to be as comfortable as possible during your retirement there are a few things you can do right now.
Retirement doesn’t have to mean sitting around and doing nothing. Take up a hobby. Better yet, take up a hobby that helps other people. It’ll fill your newfound time off with a productive, helpful activity. P.S. – It will make you feel good, too!
Your retirement date might not be any time in the near future, but that doesn’t mean you shouldn’t review your retirement goals regularly. Although there are many questions to answer during the review process, we focus on three: employer-sponsored plans, like 401(k) and 403(b).
When it comes to retirement planning, the 401(k) has been the gold standard. But is it the only game in town? Fortunately, the answer is no. Let’s take a closer look at the options, and help you decide which one is right for you.