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The last paycheck you get may feel special, or it may not.
It doesnt matter how it feels.
What matters is how you spend it.
So, what are the best ways to spend it?
Letslook at some possibilities.
Thats about how long it can take to make the full financial transition betweenemployment and retirement.
Depending on the coverage you choose, you may pay monthly premiums.
However, you might also pay your premiums annually.
Set Up a Tax Reserve
Your working life may be over, but taxes arent going anywhere.
You might want to use your last paycheck to set up apartial tax reservefor retirement.
This means paying estimated taxes every quarter.
Paying by the year is usually cheaper than paying by the month.
But the approach can apply to other expenses as well.
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