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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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Can I Go into Retirement Early With FIRE?

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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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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 it’s a learning process. We don’t want to be stuck.

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7 Tips to Help You Plan for Retirement

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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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What Is a Health Savings Account?

Success

We all know we need to prepare for future healthcare costs, but learning how much to save can be difficult. Health savings accounts, or HSAs, are tax-advantaged savings opportunities for people with a high deductible health plan. As of 2022, an individual can contribute up to $3,650, or $7,300 for a family.

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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.

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The 7 Biggest Financial Mistakes to Avoid in Your 50s

Success

To help protect your financial future, learn about how to prepare for retirement in your 50s, the biggest financial mistakes people make at this juncture and how to avoid them, according to financial planners. Guessing at your budget isn’t going to cut it when you approach retirement,” she says. “A