11 retirement realities you need to plan for ~ Investment,finance for businesses

Sunday, September 19, 2021

11 retirement realities you need to plan for

retirement realities you need to plan for


11 retirement realities you need to plan for

Transitioning from working and earning a paycheck, to living off your savings is a significant lifestyle change.

So, you need to prepare accordingly. There are new things to learn, new rules and regulations, new opportunities and new challenges. And on top of all of that, you will also be facing new financial realities. The better you understand these new possibilities, the better you can prepare for a successful and happy retirement.

This guidebook is designed to help you examine 11 areas of your life that you should consider when making financial decisions, both now and in the future. Inside you'll read about explanations of tactical issues, like planning for taxes on your Social Security benefits, as well as strategic opportunities, like optimizing asset allocations to weather market changes.

How you plan for retirement can make a big difference in your financial well-being. Read on to learn about each of these retirement realities and how taking steps now can ensure that you are able to enjoy your retirement years with confidence.

‘’How you plan for retirement can make a big difference in your financial well-being.’’


Here are 11 retirement realities we discuss in this guide :

 1   The age youretire will affect your retirement income.

2   You shouldn't retire your emergency fund.

3   You stillneed to pay income taxes.

4    Your SocialSecurity benefits can be taxed.

5   Working inretirement could reduce your Social Security benefits.

6   Your expensesin retirement may go up-not down.

7   Medicare doesn't cover everything.

8   Risinginflation may threaten your standard of living.

9   You're more vulnerable during market declines.

10   Your nestegg needs to last 30 years, maybe more.

11    Things will get more, not less, complicated.


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