Get the Information You Need for a Successful Retirement
These days retirement can easily last 30 years so it's important to be prepared when the time comes. Too many people don't think about retirement until it is upon them. It is not easy contemplating retirement when you are raising a family or building a career, but because retirement can be long and involves challenges not encountered before, it requires attention before you reach it.
Will you want to take Social Security early? If so, will you have enough other savings to allow that? How and when will you tap into your retirement savings? What will your tax burden be? What if you have debt in retirement? These are just a few questions you need to consider.
One of the most important things to consider is where you will live. Not all states are created equal. Some are for retirement. Others definitely are not. Some towns cater to retirees and offer affordable housing, good medical facilities, safe neighborhoods, good transportation options and more. Others can be difficult places to age.
Just remember that with the right information, you can have a successful retirement, whether you are just starting to think about it now or have been getting ready for it for years.
For 65% of retirees, Social Security provides the bulk of their retirement income. It's also true that more than 35% of people age 65 and better receive at least 90% of their income from Social Security. This makes it vitally important that you stay up to date on what's happening with Social Security now and with what might happen with it in the future.
If you will live on a budget in retirement, managing your finances is vital so that you do not run out of money. So what are some simple ways to save money once your working days are over? What are a few ideas for earning a little extra income? What are the best credit cards for retirement? What are some benefits for low income seniors? We answer these questions and more!
To have a successful retirement, it's important to know how taxes will affect your retirement revenue. In part, this means knowing how the state where you plan to retire taxes Social Security, private pensions, public pensions, 401(k)s, military retirement income, railroad retirement benefits and more. Staying informed can help you keep more of your retirement money.
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