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Now, you want to confirm youve got everything set for a pleasant retirement.
For expert advice on this topic, GOBankingRates turned to John Jones, investment advisor atHeritage Financial.
Here are the seven thingshe advises us all to do when were nearing retirement:
1.
He added that you want to evaluatedebt and spending habitsand estimate monthly expenses in retirement.
Then, youll know if your assets can support your needs.
These include funds like a pension or your Social Security earnings.
Both aregood income streamsbecause you know theyll pay out no matter what.
and How do I get themost dollar benefitsacross my life?
Of course, these are highly individual questions you better take time to evaluate.
Obviously, your goal is to live well below your means.
Create a Healthcare Plan
Another area retirees may underestimate when it comes to expenses is healthcare.
After all, your Medicare benefits will only kick in once you turn 65.
Even then, youll want to consider supplemental insurance and get educated ontaxes and surcharges.
Shopping on the marketplace can be expensive, as well.
ensure to look at your current health and your expected health, and plan for any unexpected health emergencies.
The goal as you head into retirement is to control the controllable.
According to Jones, that this approach will give you peace of mind.
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