Concerned About Having Enough Money For Retirement?

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This is the burning question so many are asking themselves these days:

“Will I have enough money to be able to live comfortably for the remainder of my life”?

Will you? If you’re worried and concerned, staying awake at night worrying yourself silly, you probably don’t have enough money in the bank to retire. What can you do different?

There are a few things you can do before you retire, or even after you’ve retired from your 40 year plan to enjoy those ever-changing golden years.

Let me help you out by making a few suggestions of where to begin.

Social Security is one of the most important decisions Americans make when approaching retirement, as the claiming age can have a significant impact on lifetime benefits and overall retirement security. Social Security plays a key role in a lot of people’s retirement income. Do you know when to begin taking your benefits to optimize your earnings over the long haul?

Science is great and we’re all living longer. Are you going to be able to afford your health care for the rest? Medicare only pays 80%. What about that other 20% of the medical bills? If you fall behind, will you be able to recover?

There are Medicare Supplements and plans that cover the total remainder of the bill that traditional Medicare doesn’t cover. There are many companies that offer these and they’re pricing is all different.

Are you the type that needs to stay busy? What will you do with all of your new found time freedom? This may not be such an issue if you’ve saved or have your income planning all in place. But what if you’re on such a tight budget that it’s even tough to go out to lunch with the ladies?

Do you need extra income? It’s ALL about the money isn’t it? Darn it, but it’s true.

There are many ways to supplement one’s income whether it be before or after retiring. There are resources of all kinds for just about anybody! It’s just a matter of where your interests lie and what your time and energy commitment might be.

Whatever your stage of life, 40’s, 50’s or beyond, you’ll want to be aware of some choices that you have so you’ll be prepared for whatever comes along. Be secure, give yourself peace-of-mind so that you can sleep better at night, live a balanced life. this is a special time – it’s your Golden Years.

Source by Diane C. Brown

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