You've worked hard saving, now it's time to make sure all of that saving is put to work responsibly. Even in your 50's, or early 60's retirement can feel light years away, but it will get here much quicker than you can imagine. And when it does, you’ll want to be prepared.
Remember that it’s never too late to start planning for retirement, but the earlier you plan will make your transition into retirement all the more efficient without the uncertainty of not planning.
The most important thing is to just start planning.
Here are some tips for getting started:
With more than 95% of American workers currently covered by Social Security, there are some things about this massive retirement program that you should probably know. If you’re still in your forties or fifties, you can probably wait a few years to learn the intricacies of Social Security, but if you’ve recently entered your 6th decade on this planet, here are a few things you should be aware of:
How to Avoid Retirement Woes
According to the American Institute of CPAs (AICPA), the top concern of retirees is running out of money. While it’s a known fact that many of us don’t begin to save for retirement when we should, it appears that nearly half of all current retirees are concerned about outliving their retirement funds. However, there are some things you can do now to help mitigate the very real risk of outliving your retirement funds. These include the following: