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The Importance of a “Thoughtful Retirement Planning Process”
Thinking about retirement can be a fascinating–and often frightening–exercise. For many folks, the closer they get to that phase of life, the more daunting the planning for those years becomes. Do I have enough of a financial cushion for when the paycheck stops? Have I made the correct arrangements for an income stream to support the lifestyle I want at that point? Am I psychologically ready for a completely new routine? And on and on. Bottom line: it ain’t a simple step you’re taking.
But don’t despair. Retirement expert and financial educator Robert Powell, in a post yesterday on Yahoo!Finance, offers insightful advice on ways to become retirement-ready. From assessing your longevity expectations to maximizing Social Security benefits, and from tax planning to investment strategies and legacy planning, Powell lays out the key factors in preparing for a secure retirement. It’s a very worthwhile read, and you can access it in full here...
One final point… if the “maximizing Social Security benefits” item raises questions for you, know that the AMAC Foundation offers a free-to-the-public Advisory Service that can help. Click here to learn more about this service and how to access it.