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This may include nursing, physical therapy, hospice care, etc.
you oughta maximize those accounts, putting away the maximum allowed.
The tax savings provide substantial benefits over the long run, he said.
For housing, downsizing or relocating to a lower-cost area can free up equity to fund retirement.
If staying put, ensure the home is suited for aging in place, Brilliant said.
Live Below Your Means
Beyond your accounts and insurance, mindset matters.
Brilliant said, I coach clients to live below their means and be content with experiences over lavish spending.
Developing strong social connections, pursuing hobbies and charitable work create purpose.
Create an accurate, detailed budget and scrutinize your everyday spending.
Are there areas where you could make modest adjustments without impacting your lifestyle?
What might be your next credit purchases?
Work with a credit counseling agency to create a debt management plan that works with your creditors.
This makes payments affordable for their clients, Lynch explained.
They also help them create a manageable budget and provide financial education.
And,debt management plansare much safer than debt settlement.
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