Retirement Planning: Finding Affordable Health Insurance in Wilmington NC
If you're nearing the retirement stage of your life, then retirement planning will make all the difference between a satisfying lifestyle after a life spent working and a stressful one. One of the most important things you can do as part of your planning strategy is to compare affordable health insurance in Wilmington NC. By taking care of this single issue, you will ensure that your future health is protected.
But, there is a lot that goes into planning for retirement besides choosing a good health insurance policy. Here, Schnitzer-Slate shares some of the most important things you need to do before you say "good-bye" to your job. Create a Savings Plan and Stick to It Retiring from work means that you won't be getting your weekly paycheck anymore. Therefore, you have to have some type of financial safety net and the earlier you start saving the better. Start small if you have to, but start saving now.
Create a Savings Plan and Stick to It
Make it a part of your monthly budget and you'll be surprised at how your money will grow.
Determine Your Retirement Financial Needs
How much money will you realistically need every month to enjoy the same lifestyle after you retire as you do now? Are you prepared to cut back on your expenses? If you have an expensive home with quite a few years left on your mortgage, should you consider downsizing to a more financially-responsible home? According to experts, low earners need 90% of their working income to maintain their standard of living in their retirement years. High earners need 70%. Learning more about your employer's pension plan and contributing extra dollars to your 401k will help you get where you need to be.
Get Familiar with Basic Investment Principles
The more control you have over your money, the better off you're going to be. But at the same time, you have to have an idea of what you are doing. Taking the time to understand the basics of investing will help you to reduce your risks and improve your returns.
Don't Touch Your Retirement Savings
It can be tempting to withdraw from your retirement savings when finances get tight, but if at all possible – leave your retirement savings alone! When you withdraw from your retirement fund, you lose principal and interest and you may even lose certain tax benefits or have to pay costly withdrawal fees and penalties. Before touching your savings, consider how long it will take for you to recoup the funds.
Protect Your Post-Retirement Health With Affordable Health Insurance in Wilmington NC
If you are within three months of retiring, then the time is now for you to start considering your health insurance options. Contact Schnitzer-Slate Insurance Agency today and one of our agents will help you find affordable health insurance in Wilmington NC suited for retirees. To learn more about our available health insurance plans, just visit our website at http://healthplannc.com/ or call us today at 910-392-7020.
If you're nearing the retirement stage of your life, then retirement planning will make all the difference between a satisfying lifestyle after a life spent working and a stressful one. One of the most important things you can do as part of your planning strategy is to compare affordable health insurance in Wilmington NC. By taking care of this single issue, you will ensure that your future health is protected.
But, there is a lot that goes into planning for retirement besides choosing a good health insurance policy. Here, Schnitzer-Slate shares some of the most important things you need to do before you say "good-bye" to your job. Create a Savings Plan and Stick to It Retiring from work means that you won't be getting your weekly paycheck anymore. Therefore, you have to have some type of financial safety net and the earlier you start saving the better. Start small if you have to, but start saving now.
Create a Savings Plan and Stick to It
Make it a part of your monthly budget and you'll be surprised at how your money will grow.
Determine Your Retirement Financial Needs
How much money will you realistically need every month to enjoy the same lifestyle after you retire as you do now? Are you prepared to cut back on your expenses? If you have an expensive home with quite a few years left on your mortgage, should you consider downsizing to a more financially-responsible home? According to experts, low earners need 90% of their working income to maintain their standard of living in their retirement years. High earners need 70%. Learning more about your employer's pension plan and contributing extra dollars to your 401k will help you get where you need to be.
Get Familiar with Basic Investment Principles
The more control you have over your money, the better off you're going to be. But at the same time, you have to have an idea of what you are doing. Taking the time to understand the basics of investing will help you to reduce your risks and improve your returns.
Don't Touch Your Retirement Savings
It can be tempting to withdraw from your retirement savings when finances get tight, but if at all possible – leave your retirement savings alone! When you withdraw from your retirement fund, you lose principal and interest and you may even lose certain tax benefits or have to pay costly withdrawal fees and penalties. Before touching your savings, consider how long it will take for you to recoup the funds.
Protect Your Post-Retirement Health With Affordable Health Insurance in Wilmington NC
If you are within three months of retiring, then the time is now for you to start considering your health insurance options. Contact Schnitzer-Slate Insurance Agency today and one of our agents will help you find affordable health insurance in Wilmington NC suited for retirees. To learn more about our available health insurance plans, just visit our website at http://healthplannc.com/ or call us today at 910-392-7020.