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Even if you've been diligent about saving money for retirement, it's possible to find yourself near retirement without enough, especially as people live longer. Whether this is due to unexpected...
1. Use the Rule of 25 to get a ballpark number. A good rule of thumb to estimate your retirement savings goal is the Rule of 25.Simply multiply your desired annual retirement income by 25.
2. Max out your income. Let’s get the obvious out of the way: Earning a higher income is going to help drive your wealth. But it’s going to be important to stretch that income further if you can.
Continue reading → The post 8 Tips to Help You Transition to Retirement appeared first on SmartAsset Blog. After a long, successful career, letting go and heading into retirement might be harder ...
Regret one: a too-late transition to retirement The key to putting regrets in perspective lies in “understanding what you care about the most,” Taublieb says.
Let’s put this into practice with a real-world example. Here’s a well-written example of a retirement letter that includes all the necessary elements discussed in the previous sections.
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