I grew up in a blue-collar family where Dad worked seven days a week and ultimately died in an industrial accident on a Sunday morning. I know the challenges people face trying to prepare for retirement.
Saving for retirement is only the first step to a successful retirement. Key decisions such as when to retire, how much you can afford or want to spend, when to take Social Security, how to choose Medicare plans, whether or not to work part-time to phase into retirement, how to address medical and long-term care costs, whether or not to use home equity in a retirement income plan, how to take withdrawals from tax-deferred savings to minimize taxes and increase asset longevity, how to create additional lifetime income, etc. all affect how long retirement savings will last and ultimately, one’s quality of retirement.
This blog is to help middle income and mass affluent pre-retirees and retirees be more retirement secure. Weekly posts are real situations of anonymous readers with the top ideas for improving their retirement security. Also visit the category on the right that best describes your situation for other relevant ideas.
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