Worries About not Saving Enough for Retirement
A Consumer Report’s Survey has found that among those 55 and older and nearing retirement, only 21 percent are satisfied with their retirement plans. So do not worry that you are alone in thinking that you have not put enough aside to retire comfortably. For those who were satisfied, living modestly and saving a lot were both listed as steps toward their retirement.
The best retirement strategies make a difference, even if you are over 55. Contributing the maximum amount to 401(k) or IRA, paying down debt, and postponing receiving Social Security as long as possible for higher payouts are all ways to strategize for retirement. Also, do not rule our possibly working past 65, even if just part time. After retiring, it is advisable to follow the 4 percent rule. Only withdraw 4 percent of your savings annually.
To read more on this article, visit Smart planning for comfortable retirement saving.
For more information on retirement planning as well as estate planning, contact our Jacksonville Florida estate planning law firm.
