They say, "Experience is the best teacher", which we can all relate to, and it's for pretty much everything in life. So, when it comes to retirement, getting advice from folks who've already retired can be super helpful. They can help you steer clear of common pitfalls and show you how to make your retirement years truly happy and fulfilling. Enjoy! â± Time Stamp: 00:00 Introduction 01:34 Tip #1 02:39 Tip #2 03:29 Tip #3 04:27 Tip #4 05:45 Tip #5 06:51 Tip #6 07:54 Tip #7 09:01 Tip #8 ð POPULAR VIDEOS: ðº ⶠHow To Make Money Online - ⶠWhy Most People Will Always Be Poor â ⶠMoney Principles the Poor Need to Know - ð Practical Wisdom â Interesting Ideas On this channel, I talk about money, lifestyle, investing, how to make money online, e-commerce and so much more. So, make sure to subscribe if this interest you! DISCLAIMER: Iâm not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses....(read more)
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retirement planning is a crucial aspect of our lives that we often overlook until it's too late. If you're looking for some valuable advice on how to plan for retirement, look no further than the retirees themselves. Here are eight life-changing tips from retirees about retirement planning that you can implement today. 1. Start Early The earlier you start planning for retirement, the better. Whether you're in your 20s or 50s, it's never too late to begin. The earlier you start, the longer your money has to grow, and the less you'll have to invest later on in your life. 2. Know Your Expenses Before planning for your retirement, it's essential to know how much money you'll need to cover your living expenses. Take an honest look at your current expenses and see how they may change in the future. This will give you an idea of how much money you'll need to save up to support the lifestyle you desire. 3. Keep Yourself Debt-Free Carrying debt into retirement can be a major burden. Try to pay off any outstanding debts, such as car loans, credit card bills, or mortgages, before retirement. This will help free up your cash flow and reduce stress later on in life. 4. Have Multiple Sources of Income It's important to have multiple sources of income in retirement. Aside from relying on your savings, you may want to consider investing in rental property, starting a side business, or utilizing your skillset to consult or freelance. 5. Consider Long-Term Care Insurance Long-term care insurance can be an excellent investment for anyone worried about future healthcare costs. If you're concerned that Medicare may not cover all your medical expenses, investing in long-term care insurance can offer peace of mind and help protect your retirement savings. 6. Maximize Your Retirement Accounts Whether you have a 401(k) or an IRA, try to maximize your contribution each year. By taking advantage of these accounts, you'll benefit from compound interest, tax advantages, and employer matching contributions. 7. Stay Active and Engaged Retirement doesn't have to mean the end of your active and fulfilling life. Find new hobbies, connect with friends, or volunteer within your community. Stay engaged with the world around you and keep your mind and body healthy. 8. Seek Professional Advice Lastly, seek out professional advice from retirement planners and financial advisors. They can offer valuable insights and help you navigate the complex world of retirement planning. retirement planning can seem daunting, but with these tips from retirees, you can take control of your financial future and enjoy a fulfilling retirement. Start today, and you'll reap the benefits later on in life. https://inflationprotection.org/retirement-planning-8-game-changing-tips-from-retirees/?feed_id=102502&_unique_id=647512bc78cae #Inflation #Retirement #GoldIRA #Wealth #Investing #adjustingretirementplan #bestretirementsavingsstrategies #calculateretirementincome #choosingretirementaccounts #createaretirementplan #howmuchmoneytoretire #managingretirementincomestreams #maximizeSocialSecuritybenefits #pensionvspersonalretirementsavings #practicalwisdom #retirementplanningforbeginners #retirementplanningforselfemployed #TaxEfficientRetirementPlanning #topretirementplanningtips #understanding401kandIRA #TraditionalIRA #adjustingretirementplan #bestretirementsavingsstrategies #calculateretirementincome #choosingretirementaccounts #createaretirementplan #howmuchmoneytoretire #managingretirementincomestreams #maximizeSocialSecuritybenefits #pensionvspersonalretirementsavings #practicalwisdom #retirementplanningforbeginners #retirementplanningforselfemployed #TaxEfficientRetirementPlanning #topretirementplanningtips #understanding401kandIRA
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