Most of us will see a change in our financial situation in retirement. Instead of earning an income from work, we will start receiving income from other sources such as Social Security, pensions and/or annuities, and possibly withdrawals from our retirement savings accounts. Since our income sources will change in retirement, in what ways if…
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7 Hard Truths About Retirement
I was recently reading an article in Forbes magazine titled, “Can You Handle the Truth About Retirement?” It was enlightening but frankly also a little depressing. The author lists things like, “after you retire, the only guarantee is that you will die” (a true statement, but just a tad morbid, I think); “problems don’t go…
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Why You Should Consider Delaying Collecting Social Security Benefits
I know quite a few people who have taken an early “traditional” retirement. By that I mean they were between age 62 and 66 and relying on Social Security, retirement savings, possibly some part-time work, and perhaps a pension to supply the income they need in retirement. A relatively common thing among them is their…
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The Most Important Thing to do in Your 60s and Beyond to Retire With Dignity
This article is the fourth and final one in a series about the most important thing you can do in different stages of life to be able to “retire with dignity.” Well, you’re finally there. You’re getting into your 60s, or maybe you’ve been there for a while. You’ve been working, saving and investing for 30…
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