Retire AZ Style News

Four Retirement Mistakes to Avoid 

Retirement is an exciting time, but there are plenty of steps to take to prepare for this next chapter in life. There are many factors to take into account, such as money, where you will live and who will be your support system. Here are four retirement mistakes to avoid:

Consider Your Assets: whether you put your money in real estate, stocks or cash in a shoe box, how you choose to invest your hard-earned money can make a big impact on your golden years. Experts suggest you diversify and spread out your nest egg into a variety of baskets. Having a monthly or yearly budget is a must. How much do you need for retirement? How can you keep your money working for you, even after you are done collecting a paycheck? Consider your assets carefully.

Long-term Healthcare: no one has a crystal ball and these days’ retirees are living longer, healthier lives thanks to the efforts of modern medicine. But it is important that you be realistic about what your long-term healthcare needs might be. Is there any possibility of major health issues you could face? How many years will your savings or investments last? Explore your options for long-term health care to ensure you are prepared for all scenarios.

When to Stop Working: there are plenty of retired folks who continue working, even on a part-time basis to stay active and sharp. Your retirement funds should not be dependent on collecting a steady paycheck. Even those who plan to continue working should plan ahead – as we age things change and you don’t want to be caught off guard by an unexpected medical or physical change.

Hire a Professional: with a variety of services available with just a click of a mouse, it is not necessary for you to figure out your retirement plan on your own. And don’t think that by pinching pennies you will be better off in the long run! Let an expert help you navigate all the options, find ways to manage your assets and help you plan a long and happy retirement.

Are you ready to retire? If so, I am just a phone call away. Let me help you find the perfect Arizona retirement home!

Your Arizona Retirement Expert,
Sharon Mason
RE/MAX Professionals

Join Sharon on Facebook or Twitter!

Posted by Sharon Mason on October 27th, 2016 3:44 PM


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