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Retiring soon?
Here are eight resolutions tohelp you retire with confidence and clarity.
Americas 50 Most Expensive Retirement Towns
Assess Your Retirement Readiness
Take stock of your current financial situation.
Review your savings, investments and expected income sources like Social Security or pensions.
Although there are unpredictable factors, think about your ideal lifestyle during retirement.
Tools like retirement calculators or consultations with financial advisors can provide clarity.
Knowing where you stand now gives you the roadmap to adjust your savings strategy or timeline if needed.
Be sure to account for inflation and unexpected expenses, such as medical bills or home maintenance.
Plan for Healthcare Costs
Its no secret that healthcare can be one of themost significant expensesin retirement.
Research Medicare options, supplemental insurance and long-term care plans to prepare for out-of-pocket costs.
Planning ahead ensures that healthcare costs wont derail your retirement dreams.
If you still have a mortgage, consider whether paying it off before retirement makes sense for your situation.
Consider the trade-offs of claiming early versus delaying benefits untilfull retirement ageor even later.
Diversifying your portfolio protects your savings from market volatility.
This guarantees your assets will be distributed as you intend, minimizing legal complications for your loved ones.
This is a simple step that provides peace of mind for you and your family.
Whether its traveling, volunteering or pursuing hobbies, having a clear vision ensures apurposeful and satisfying retirement.
Start exploring activities that excite you and align with your passions.
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