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Making thoughtful financial decisions can make a big difference in long-term financial security.
Also here are the fastest ways to save for retirement.
The focus is on maximizing your retirement savings, tax efficiency and Social Security timing, Stroup said.
Do a session with a Medicare specialist, said Yehuda Tropper, CEO ofBeca Life Settlements.
Stroup said choosing the right benefits strategies can help retirees save money while avoiding costly penalties.
Take aSocial Security strategy coursebecause delaying your benefits can wisely boost your lifetime payouts, Stroup explained.
In addition, Musson advised older adults over 65 to use $100 to hire a professional tax preparer.
Age 70
Musson said that at age 70,most older adultsare settled into retirement.
In addition, Musson said age 70 is a great time to spend $100 getting a car tune-up.
Getting stranded with car trouble is no fun for anyone, regardless of age, Musson said.
Keep your car running reliably by getting a tune-up.
Stroup said that no matter their age, older adults can invest small dividends to secure retirement.
The best investment isnt always financial; its knowledge, he said.
A small expense today on expert advice can prevent costly mistakes down the road.
Retirement security isnt just about assets; its about strategy.
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