Don’t forget to factor in the money you will receive social insurance, a pension or other sources. And if you can’t find an approach that appears to give you enough money to pay for all of your retirement expenses, you may need to consider postponing your retirement and working longer. It’s not ideal, but it’s better than running out of money too fast.
Once you have a solid retirement plan in place, don’t forget to check in with yourself at least once a year. Make sure you are on track to meet your goals and think about any additional steps you can take, such as those outlined above, to improve your financial preparedness. This will build your confidence and keep you going in the direction you want to go.
The $ 16,728 Social Security Bonus that most retirees completely overlook
If you’re like most Americans, you’re a few years (or more) behind on your retirement savings. But a handful of little-known “social security secrets” could help boost your retirement income. For example: One simple trick could earn you up to $ 16,728 more … every year! Once you learn how to maximize your Social Security benefits, you can retire safely and with peace of mind that we are all looking for. Just click here to learn more about these strategies.