retirement plan

How to Avoid Big Financial Mistakes in Retirement

There are also a number of other mistakes that people sometimes make as they near retirement or are in retirement.

In today’s digital world, people have the opportunity to work well past age 65. If it is possible for you to do so, even if it’s just part-time, this can go a long way toward protecting your investments as you’ll dip into them later. This helps them to go the distance.

There are also a number of other mistakes that people sometimes make as they near retirement or are in retirement. Let’s take a look at them so you can …

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house

Should Boomers Help Their Children Buy A Home?

 

Your children have years to save for a down payment on a house; you as a baby boomer may only have a handful of years left to save for your retirement.

 
If you are a parent, you may notice that grown children seem to do everything later than young adults used to—they may not graduate from college in four years, they may pursue a professional degree and not graduate until their late 20s. Whereas people used to get married in their early 20s, now many are waiting until their late 20s or early 30s. They are also buying

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Top 10 Ways to Prepare for Retirement

Sign up for your employer’s retirement savings plan. Over time, compound interest and tax deferrals make a big difference in the amount you will accumulate.

Know Your Retirement Needs
Retirement is expensive. Experts estimate that you’ll need about 70 percent of your preretirement income lower earners, 90 percent or more to maintain your standard of living when you stop working. Take charge of your financial future.

Find Out About Your Social Security Benefits
Social Security pays the average retiree about 40 percent of preretirement earnings. Call the Social Security Administration and find out more about your benefits.

Learn About Your

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