Many people head into retirement with unrealistic expectations and assumptions.
Often, it’s a matter of budgeting incorrectly or carrying too much debt. Some individuals might miscalculate how soon retirement might be thrust upon them, or they don’t have a good mix of assets to help make ends meet.
When these or other assumptions are off base, it can cause anxiety and lead to serious belt-tightening. Here are some of the key questions to ask yourself about your financial preparations, preferably years before you plan to exit the workforce. 1. Is there enough guaranteed income? Most Americans receive guaranteed retirement income in […]
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