Unexpected events and expenses can derail the best-laid plans
I visualized a retirement far different from the one I’ve experienced. Before I quit the workforce, I thought my retirement would be a carefree life where I could do what I want, when I want. I could work, travel, sleep all day. There would be few limits. Why? I had no money issues and few responsibilities.
2. Long-term care. After watching my father struggle for three years with cancer, I know the importance of having some sort of long-term-care plan for your waning years. During the last two years of my father’s life, he needed help with many daily activities, including bathing, eating and dressing himself. Medicare generally doesn’t provide long-term care. Since my parents didn’t have long-term-care insurance, my mother, sister, brother-in-law and I provided the necessary care.
5. Taxes. I never really thought about the effect of taxes on my retirement. I knew I’d have to pay taxes on my traditional IRA, rollover IRA and 401 accounts. But I never took the time to calculate how my taxable income would affect my Social Security benefit and Medicare premiums. 7. Retiring together. This can be a difficult time for couples. During your working years, you aren’t with your significant other as much. When you retire, you might need to adjust to each other’s habits and idiosyncrasies. I have a retired friend who says he likes it quiet in the morning. But when his wife gets up, she blasts the television. It drove him crazy until they were able to work out their differences.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Here Are 10 Great Games You Can Get Dirt Cheap During The Steam Summer Sale (2019)Here are ten great PC games you can get dirt cheap during the 2019 Steam Summer Sale.
Consulte Mais informação »
10 Common Crimes Against Cheese You Don't Have to CommitMistreating a cheese will inevitably result in a less delicious cheese. Conversely, when you're good to your cheese—when you show it some respect and some TLC—you can rest assured that your cheese will return the favor.
Consulte Mais informação »
Warning Issued For Millions Of Microsoft Windows 10 UsersMillions of Windows 10 users have been exposed to a severe problem they are unlikely to know exists...
Consulte Mais informação »
https://people.com/Get the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Consulte Mais informação »