With health care costs steadily rising, social security uncertain for fewer and fewer workers, and the future of pension plans unavailable, America's retirement preparation is a major concern for both individuals and the families as a whole. .
Since June 2004, Fidelity Investments has completed approximately 200,000 income plans for retirees and pre-retirees who have had a difficult time estimating their readiness for retirement. Mukhlisi learned that some simple, but often overlooked, investment strategies can help ensure a more comfortable retirement. Here are some basic concepts to consider.
* Do it whenever you are working. In their earnings years, investors should take full advantage of retirement plans, individual retirement accounts and deferred years arranged by the employer.
Asset allocation age should be appropriate and investors should avoid two common retirement mistakes: being overly cautious or taking excessive risk when deciding how much of their assets to invest in cash, stocks or bonds. Please ... However, keep in mind that this does not guarantee a profit, nor does it prevent a loss.
Individuals also want to consider simple trades that can reduce costs and increase savings, such as keeping a family car for a few extra years after payment.
* Make it last as long as you do. Once you reach retirement, it is important to maximize your retirement savings. Some investors are planning to retire while others are postponing retirement to take advantage of the extra income and permanent healthcare benefits.
They want to consider adding their salary to their income years before retirement, which some people call "self-made pensions" because they provide a lifetime guarantee.
Finally, given that Americans are living longer, and the return to this market is unexpected, a shorter return in the early years of retirement could lead to more long-term financial security.
* Count it to live the lifestyle of your choice. In general, investors who are eligible for the retirement lifestyle they want have created a detailed, realistic budget for retirement expenses. Investors should plan for rising healthcare costs and other financial emergencies. To help stay on track, individuals and their spouses should review their plans annually, including expenses, investments and asset distribution.
Making a successful retirement takes more than one step. Whether it's looking for a "fun" part-time job, eliminating one of the family cars or taking a vacation locally, retirees need to increase their income, control their expenses and maximize their savings. Implemented several strategies for
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