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Planning for Your Retirement

Success

Developing a strategy for retirement planning is deeply personal. There are so many options for retirement accounts because they’re designed to be suitable for people with different needs and lifestyles. The post Planning for Your Retirement appeared first on SUCCESS. Check out their video podcast Cashing Out on YouTube.

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Older Americans are Choosing Work Over Retirement

Allwork

Instead of retiring, an increasing number of American’s are working — either reentering the workforce or pressing onward with their professional careers. While younger workers are reported to have seen a decrease in access to employer-provided benefits like pension plans and health insurance, older workers have slightly better access.

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7 Tips to Help You Plan for Retirement

Success

Retirement planning is usually the most significant financial goal people will work toward. No matter where you are in your career, considering how to plan for retirement is essential so you can spend your golden years on your terms. Determine how much income you’ll need to plan for retirement.

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Can I Use Life Insurance as a Retirement Plan?

Success

But did you know that, in some cases, life insurance can also be a savings tool to help you supplement income from your retirement plan? A life insurance retirement plan (LIRP) can help you add to your retirement savings, but it shouldn’t be the only way you save for retirement. What is a life insurance retirement plan?

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In Retirement, Olympic Gold-Medalist Michael Phelps Is a Mental Health Advocate

Success

He has been transparent about his mental health struggles , including describing a crippling bout with depression in which he didn’t leave his room for four days. We want to move forward,” Phelps, who retired from swimming after the 2016 Olympics, tells SUCCESS. “We But optimism is not Phelps’ default position. We want to have hope.

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Can I Go into Retirement Early With FIRE?

Success

If any of these scenarios sound ideal, you may be dreaming of a FIRE retirement lifestyle. It’s a movement that helps people take control of their financial independence by making trade-offs, such as extreme saving and budgeting early in their careers, to retire earlier in life—often decades ahead of a conventional retirement plan.

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When to Retire from Your First Career and How to Plan Your Next Move

Success

Besides being at the top of their respective game at one time or another, all three second-guessed their initial decision to retire. You might not knock on your former company’s doors months after blowing out the candles on your well wishes in retirement cake. Here’s how to know when it might be time to retire from career No.