Weekend Reading: Avoid Retirement Regrets: Five Facts to Learn Now, Not Later
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This article appears as part of Casey Weade's Weekend Reading for Retirees series. Every Friday, Casey highlights four hand-picked articles on trending retirement topics and delivers them straight to your email inbox. Get on the list here.
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Proactive planning is your best defense against unwelcome surprises in retirement. By understanding these five key factors, you can build a more resilient financial foundation and enjoy a more fulfilling next chapter.
READ THE ARTICLEKey Points:
- Reassess your tax strategy: Retirement income can trigger higher taxes than expected; consider diversifying your accounts and exploring options like Roth IRAs.
- Diversify your investments: Explore alternatives to the stock market, such as indexed annuities or indexed universal life insurance, to reduce risk.
- Understand Social Security: Learn about your full retirement age and the potential impact of claiming benefits early or delaying them.