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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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Most UK workers now expect to retire at 62 years old

Workplace Insight

A new poll of people aged between 35 and 55 suggests that most workers expect to retire at around 62 years old, four years earlier than the UK state pension age of 66. However, 19 percent don’t know what they are going to do with their time during retirement and thinking about retirement makes (22 percent) of workers surveyed feel anxious.

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What Is My Net Worth?

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Zero : If you add up all of your assets and liabilities and come up with zero, you are balancing debt and income. There are many available, like the FDIC’s net worth calculator , that will help add up each column and do the math for you. You may be spending more than you earn and using credit cards to help you cover expenses.

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Everything You Need to Know About Emergency Funds

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An emergency fund can help you get out of an immediate financial situation, like an unexpected car repair or medical bill, or can help you cover your day-to-day expenses if you’re laid off, ill, or injured and unable to work. The FDIC or NCUA designation means your funds are federally protected by up to $250,000 per depositor.

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Have a Strategic Plan So You Can Cash Out On Your Terms

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If you’ve been working on upskilling and taking advantage of employer-offered education, now might be a great time to find a better job with a higher salary, thanks to the Great Resignation. If you’ve never really liked the idea of full retirement, consider what you’d be interested in doing as a second-act career.

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Who’s Stuck With The Bill?

Allwork

It may be up to the employer to decide on what benefits they offer (subject to local rules and laws). That involves monthly fees, which can also mount up. . You may need to make your own pension or retirement contributions from your salary if your employer is not contributing towards that. .

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Shaq Insists He’s Not a Celebrity

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Like a prince giving up his royal title, he says he’s renounced his celebrity status. A few hours before he arrived for our meeting, I witnessed people lining up to take photos with his shoes—each of which is roughly the size of an infant. She holds it up for him to consider. Celebrities are all crazy,” he says.