GRAND RAPIDS, Mich (WOOD) Everyone’s goal is to retire “comfortably” one day. The word “comfortable” means different things to different people. However, for everyone to get their own “comfortable” position and stay there in retirement, you need to plan.
A great way to do that is with a financial planning expert or through avid research and learning about retirement funds, opportunities and advance planning.
Important things to keep in mind:
*Time in retirement can be 30 years or more, so you need to make sure your money will last that long.
*You absolutely must plan for rising health care costs in all areas of health care expenses- including Long Term Care.
*Social Security Maximization – You paid a lot of money into it. So, you need a customized plan to make sure you get back as much as possible.
*Tax Minimization plan/ Unfortunately, taxes do go away in retirement. There needs to be a plan in place to minimize or eliminate taxes.