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The Downside of a “Wing It” Approach to Retirement Planning
A recent study by Allianz Life coughed up a startling statistic—40% of those surveyed in the study said they do not have a plan for finances in retirement, preferring to cross that bridge when they get there. As anyone who has already crossed that bridge can tell you, it’s really more than just accumulating a financial nest egg…in fact, knowing how to deal with tax consequences, investment strategies, and Social Security and its many spousal benefit rules often rank ear the top of planning milestones future retirees should have a firm grasp on.
A recent study by Allianz Life coughed up a startling statistic—40% of those surveyed in the study said they do not have a plan for finances in retirement, preferring to cross that bridge when they get there. As anyone who has already crossed that bridge can tell you, it’s really more than just accumulating a financial nest egg…in fact, knowing how to deal with tax consequences, investment strategies, and Social Security and its many spousal benefit rules often rank near the top of planning milestones future retirees should have a firm grasp on. Kiplinger contributor Scott Noble offers, in a post on kiplinger.com, offers some insights into how considering these types of details well ahead of our arrival at the proverbial bridge can lead to a more comfortable life in retirement. Check his post out here.