What Happens If I Really Do Run Out of Money in Retirement?
What Happens If I Really Do Run Out of Money in Retirement?
It s a reasonable worry, but not the end of the world especially if you take these steps.
This story originally appeared on NewRetirement.
If you are worried about running out of money in retirement, you are not alone. Running out of money is the main concern of most people in or approaching retirement. And, there is very good reason to be concerned.
Let’s explore this fear. Are you right to be scared? What can you do about your concerns?
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13 Ways to Get Out of Debt
13 Ways to Get Out of Debt
It s so tough to get ahead while you owe other people money. Here s how you fix it.
This story originally appeared on NewRetirement.
In 2020, Fidelity reported that the majority of people who were making financial resolutions for the new year wanted to achieve a debt-free life. While fortunes have shifted during the coronavirus pandemic, it is still a very worthy goal.
Not sure how to get out of debt? You have options.
Don’t play tug of war with your money. Get out of debt and align your finances on your side!
Ready to Start Adulting? 10 Steps to Retire the Right Way
Adulting is hard, but if you follow these 10 points, retirement can be easier.
This story originally appeared on NewRetirement.
If you are in your 50s or 60s, you are probably hoping to find the fountain of youth. However, when you plan your golden years, it is best to retire like an adult.
The Merriam Webster dictionary has added “adult” as a verb not just a noun: “To ‘adult’ is to behave like an adult, specifically to do the things often mundane that an adult is expected to do.”
Being an adult means being responsible, dependable, self-sufficient, and maybe even knowing when it is a good time to throw these rules out the window. Examples of “adulting” include: cleaning up after yourself, paying bills on time, and we would like to add planning your retirement.
Retiring Early? 9 Ways to Cover Your Health Care Costs
Retiring Early? 9 Ways to Cover Your Health Care Costs
Here are some options for paying for health care if you retire before you re eligible for Medicare.
This story originally appeared on NewRetirement.
There are a lot of hurdles to overcome when figuring out how to retire early before 65. However, early retirement health care is one of the most fiscally challenging. Medical care is going to be expensive no matter when you retire, but the picture is more serious for those who retire early, by choice or otherwise.
Medicare isn’t available until age 65, and self-insuring in your 40s, 50s, and 60s can be prohibitively expensive. Never mind that you typically face more health challenges as you age and are therefore more likely to use health care.