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Unfortunately, many retirees fear they will outlive their nest egg.
Here are the seven expert money lessons the financial expert says you must learn before you retire.
Also, heres exactly how much you savings you’re gonna wanna retire in your state.
An Emergency Fund Is a Priority
Second, you should make your emergency fund a priority.
Stroup said, Most folks are unprepared to cover a true financial emergency.
This can help supercharge your retirement savings, especially if you started saving later in life.
Medical expenses can quickly derail your retirement, said Stroup.
Its important to plan ahead and stay informed of your options well before making the decision to retire.
Stroup explained, Nothing can implode your retirement journey quite like putting all your investment eggs in one basket.
A well-balanced portfolio is critical to a financially-secure retirement.
Stroup said, The reality is that life is fragile and that someday you will pass away.
A comprehensive estate plan includes documents like wills, trusts, advance health care directives and powers of attorney.
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