This guide will address the following concerns:
Two of the more significant retirement components are Social Security and Medicare. Do you understand the strategies for maximizing Social Security benefits and when is optimal to collect? Medicare offers different types of plans and significant penalties for not enrolling by 65. Do you know enough about Medicare to choose the best plan for you? Many of these decisions are irreversible, so you want to get them right the first time.
Have you saved enough for retirement? How long will your retirement nest egg last? Many soon-to-be retirees have depended on an employer for regular income to pay their expenses. Do you have sufficient assets to generate the income needed to meet your expenses? Are your investments appropriately allocated between growth and fixed income to keep pace with inflation?
To retire in wealth, health, and happiness, you should build your life around the people and things you love the most. Do you know how to be purposeful about how you spend your years in retirement? Ensuring happiness and gratitude in the years ahead will depend on finding your purpose in this next phase of life.