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There are two dates coming up to keep in mind if you fall into this category.
Heres what it’s crucial that you know if youreplanning to retire by the end of 2024.
Frith said that there are five things you should do as you approach retirement.
Have you sat down and budgeted what those expenses are?
Have you considered inflation on those expenses?
If youre unsure about the answers to any of these questions, Frith recommended speaking with a financial professional.
Those are only a couple of examples, Frith said.
Even the most tightened up financial plan is just that a plan, Frith said.
Life happens, and an emergency fund can help minimize the stress or financial harm the unexpected can create.
Square Away Your Health Coverage
verify you have a solid plan for healthcare coverage.
Some employers offer to allow you to continue your coverage, some dont, Frith said.
If electing Medicare, did you already select aMedicare supplement policy?
some things change, Frith said.
Your advisor can educate you on, for instance: Is a distribution subject to any penalties?
Are your investments invested with aproper risk tolerance?
Do you want to manage your investments or have someone do it for you?
Taking these planning steps can help make your retirement as seamless as possible once you get there.
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