Money Management Pays Off in Retirement by Mary Morrison
FOR MANY PEOPLE, retirement signals a new
beginning. No more working for the man! Days spent doing exactly what you want, when you want. Golf five days a week? Sure thing, provided you have the finances to fund your obsession. Just know that retirement can lead to big changes in your financial priorities. That’s why a smart money management strategy makes sense for retirement, making it easier and more efficient. Follow these tips to get started. DETERMINE YOUR FINANCIAL POSITION
istock.com/iamnoonmai
58
RETIRING RIGHT | Palm Springs
Most retirees have some idea of how much money they need in retirement, and how much money they have to finance it. (To get a general idea for yourself, try one of the online retirement calculators or contact your financial advisor.) Many usually have a reliable monthly income source such as Social Security, a pension or an annuity, and a retirement savings, which may be in the form of bank savings accounts or investments such as a 401(k) or IRA.
WWW.RETIRINGRIGHT.US
