Yes, it may be difficult to believe, but there are disadvantages to early retirement. For those with the luxury of a choice, no one would blame you for retiring early, but at least consider these five common disadvantages. This way you could be fully prepared if one occurred during your early retirement.
Don’t ruin retirement by being caught off guard with unexpected retirement expenses. Even the most careful planners need to read these potential expenses so that they can buffer their retirement savings. What can go wrong may go wrong, which always carries a price tag.
If you are an empty nester, many of your potential tax deductions have the potential to leave along with your children. Therefore, it is important to determine other deductions you can use instead. Here are three, Empty Nest tax deductions you should consider.
Is a Roth IRA part of your retirement planning mix? Find out four reasons why you might want it to be
How you handle money in your 30s will have a big effect on your life down the line. You’ve been in the working world long enough that you may now have a decent salary. You may have even bought a home and likely discovered the “joys” of homeownership in the form of emergency roof repairs…