Thinking About Retiring? Here are Some Suggestions to Consider
Looking ahead to those golden retirement years is arguably a favorite pastime of many workers in their fifties and early sixties. It’s important to understand, though, that just dreaming about the leisurely life and the absence of work pressures is not enough. You need to plan to make it happen, and plan carefully. This means that you’ll need to spend some of that dreaming time on research, perusing articles like “5 Things You Need to Know Before You Retire” by Kiplinger’s David A Littell posted on www.nasdaq.com.
The Littell article, which you can access here, begins by stressing the importance of knowledge with this statement: “Making smarter retirement decisions means more retirement security.” He goes on to cite the benefits of working a bit longer than planned, deferring your Social Security benefit, and examining and reducing living expenses to the extent possible. Overall, the suggestions contained in this short article could go a long way toward improving your retirement financial picture.
Regarding the mechanics of America’s Social Security program–yes, this program is more complex than many folks realize–help is available. The AMAC Foundation operates a free-to-the-public Advisory Service that can address questions you might have about how the program works and the impact of the decisions you’ll need to make when you age-in to Social Security eligibility. Learn more about this valuable service on the Foundation’s website.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.