Why plan for retirement?
Despite the constant news coverage of impending doom in regards to Social Security many Americans are still counting on their social security payments to support them through their retirement. The sad fact is that it simply isn’t possible because the money isn’t there. Sadder still is the fact that even if the money were there, it is doubtful that it would be enough to get the average American through their twilight years.
The 9 Keys to a Happy Retirement
When should you retire?
Once you have all the wheels in motion for your financial retirement it is often difficult to wait for that great and liberating day but you must take the time to make sure that there is no detail that hasn’t been covered or has been overlooked in the planning process. Most of us worry over whether we’ll be able to maintain a certain level of income when we retire and little else. The problem is that maintaining the same level of income during retirement is often not enough to keep things going and take care of all your family’s needs during your retirement.
Insurance and your retirement
When planning your financial retirement there are many things you should consider before taking the plunge and not all of them are overtly financial, though in some large way they are all very financial considerations, particularly if you don’t take the time now to consider their importance later. Insurance is an important consideration when it comes to retirement. Depending on your age at retirement you may or may not qualify for Medicare, which could leave you in a bit of a pickle when it comes to covering the high cost of insuring your health.