Get Set to Retire
A happy, fulfilling retirement can mean different things for different people, but it's important for everyone to get there financially. The American Association of Retired Persons (AARP) offers the following tips.
1. Define your retirement.
2. Take stock of assets.
3. Evaluate your health -- now.
4. Decide when to collect Social Security.
6. Decide how much to work.
7. Make a retirement budget.
8. Find ways to cut expenses.Saving more now makes you more prepared later.
For more retirement guidelines, visit www.aarp.org/ReadyforRetirement.List expenses and income. Weigh the pros and cons of working, including hours per week. Join or start a book club, a group at a local café or Facebook. To help you determine your optimum age, AARP launched a new
calculator at www.aarp.org/SocialSecurityBenefits. Schedule checkups, eat healthy, exercise, get enough sleep and stay sharp mentally. List money you have and hobbies/skills that may be income streams. Write your goals; be practical about expenses.