four phases of retirement
TRANSCRIPT
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mind. Most nvisioned h0-30 year timilled with auch as traveays of relaxrandchildren
was usually etirement.
es have certa
ay the concening. The ensive and thure years are
financially ams, retirees al security a
ial security, retirement psource of reof comfortaneed quite aprovide. Th
ntly stated tered by sociuses who
wever, the amerent dependn though inect Social Seher benefit oo start. Altho
when ned the
of isions of relaxing
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people having a me span activities eling to exo
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ept of retiremcost of livhose who we finding tha
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which is typlan, was netirement forable retiremea bit more thhe Social Sthat 96% ofal security, are also emount you ding on whn most circecurity until offered to though social s
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s account is n
ypically a coever intender anybody. T
ent income, phan what soSecurity Adf American (including n
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ns, leisurelynd time withng-term careg issue in
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omponent ofed to be theTo reach anypeople todaycial security
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e impact of i
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hat requiredyou need to
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d minimum take from y
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es, large debng.
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entfor purpose
hat social secsomeone’s r
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s with the years, but mfortably take into
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mpensate or mealize the ret
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le Roth IRAons are alwaover age 50
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ay, many pying theirement date
r you continuhelp your pways. Firstement meanther year king and e
ome and saement. Secomay not neyear for
ement allowanother year
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1. P
2. E
make up for tirement they
in their 50sounts may l benefits fr investmentnvironment, t grow as fa
rates were hl have the oed to access provisions
ing or even ou are 50 or more than yRoth IRA. I
so add an exto your you
ns provide fAs can offer ays attractive, but there awho can pan area wh
re interestedretirement sa
to discuss
people are r actual e. Every ue to work lanning in , delaying
ns there is you are
arning an aving for ond, becauseeed to use y
financial ws your nest.
mericans, retto four phase
Pre-retirem
Early retire
the cash they once desire
s and 60s wnot have t
from compots. Also in
many of fast as they higher. Youropportunity your funds. for individustarting to saolder you c
younger savIf you are ovxtra $6,000 unger co-worfor tax-defer
tax-free groe for those sre many restarticipate anhere we cad in learniavings, we atheir specif
e you are styour retiremhelp. Dela
t egg to hop
tirement todes:
ment;
ement;
ey will needed.
without largethe time toounding thetoday’s lowyour safer
would haver retirementto grow byThe tax law
uals over 50ave for theiran put up to
vers) in yourver 50 yearsto a 401(k)
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pefully grow
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Rememcertain that aradditioin this retiremexpect after yohelpfulstick to
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The nestage othis phstill haenthusifocus sports and tra
3. Fu
4. Fin
Let’s taeach
Pre-re
tirement is twhen you
a look at and begin
ife after yous the time yoourself how
y you will nou can makeing point, med your ful
ment but a hrcentage is h
if you earon is differener preparined expenses
w how much our unique s
mber, most n expenses lire required onal expense
phase that yment to look
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ext stage isof retiremen
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ake a brieh of these
etiremen
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ur career. ou should w much need and e the most o
most experts ll earnings thigh percenthigher if yourn more. Ant, one of theng an activs in retiremyou have s
situation.
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es such as heyou map outk like and hat you can as ended. Thbout setting or your cash
Retireme
s the early nt. During people can energy and erefore can g physical and tennis) ring this pha
nt; and
ent.
ef look atstages.
nt Phas
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retirement pting costs anHowever, soealth care. It t what you whow and wbegin to pla
his time perisome goalsflow.
ent Pha
ase it is imp
t
se
ement. As t you will u through
Obviously, and can be veryone’s ccess is to
of your can then
nvested to
pare back nd clothes ome incur is crucial want your
where you an for life iod is also s you can
ase
portant to
haveyourdue activ
It is earlyto trstill for-p
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not unusualy stage to woraditional wowork on boa
profit organi
increase insions durinng this stag
porate benefi if you wrance.
challenges just financi
e. Many retiwork often
hough early mportant to tncial implicantial that duew of yourations do nor loved onesr assistance
Full R
s next stage our retireme
w, you havized your tr
fulfilled mls you had pr retirement.
hough you mng this phas
wn and may vities that ar
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ing this phasbs that me
cash flow. Iwill be highially more
l today for mork on a parork, many pards of trusteizations.
n life expecng this stagge need to its such as liork part tim
of this earlal. They cared clients fpart time, sretirement m
think througations for m
uring this perr estate plaot interrupt . This is anoto clients.
Retirem
is the middlent cycle. Byve hopefullyravel dream
many of thlanned for in
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possibly fire less fatigtraveling do
vents and thelly tasking so
se many peoet regularly
t can be verher in these
extensive
many individrt-time basispeople in thiees and volu
ctancy can ge. Also, m
replace or ife and healme, possibl
ly retiremenan also be afind themselsimply out omay sound ah the financ
making this driod that youan so any the comfor
other area w
ment Ph
e y y
ms e n
ood health, mlikely to decind more en
guing and sloon’t sound ae pursuit of ound more a
ople belong ty and pro
ry likely thatearly yearstravel and
duals in this. In additionis stage also
unteer at not-
affect yourmany people
supplementth insurancely disability
nt phase areabout fillinglves lookingof boredom.appealing, it
cial and non-ecision. It isu hold a fullunexpected
rt of you orwhere we can
ase
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r age or whicare some i
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t your cashr each phaseand final pha
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e yourself thcash flow nach phase of
may actually hase if your
mized.
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ent Pha
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ase
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The views stated i
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Kiplinger Tax Letter
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