Careful planning is called for when we’re talking about retirement!
Here are 6 Wayward Moves that Will Cost You in the Long Run:
1. Not Even Having A Plan - How can you plan with NO PLAN? Write it out on paper; it’s not good enough to have it in your head only.
2. Underestimating Your Life Expectancy - Come on…You might start eating tofu next week…It could happen! LOL
3. Low-Balling Your Spending - Be realistic…and then add some more for good measure!
4. Not Planning for Unexpected Expenses - You just never know what life could throw at you!
5. Not Taking Into Account Rising Healthcare Expenses - It’s astronomical, but not insurmountable.
6. Ignoring the Rate of Inflation - It’s going up and up, whether you like it or not…
Take these 6 Issues into account, and you’ll be off to a good start on your Retirement Plan!
For more information on this subject, go to: 6 Blunders That Ruin Retirement Plans
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I hope you found today’s post on Your Retirement Today helpful and informative! Until next time…
Retire Happy,
Kimberly Edwards
P.S. Check out these interesting finds:
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[...] 6 Mistakes That Will Force Your Retirement Plans To Ruins [...]
One of my friends from Stumble Upon, guymcdowell, commented:
“Good article. Especially the rate of inflation. Core inflation is about 3%, but that is for non-essentials. Non-essentials is more in the neighbourhood of 7-10%. Expect taxes to continue to increase as well.”
http://GuyMcDowell.com
Kimberly Edwards
P.S. Add me as a friend on Stumble Upon:
http://pieofangel17.stumbleupon.com
Like the previous commentor I thought this was avery good article. Someobody has shown me real time numbers.