Tips for Your Retirement for Your 50s and On

By Brent Shaw, Modern Woodmen, Fraternal Financial | m.brent.shaw@mwarep.org

If you have made your way “Over-the-Hill,” you could be closing in on retirement. Seven out of 10 people in your age range expect to work past age 65.1.

With the average age of retirement between 61 to 62 years old, you could be closer than you think. Here are a few hints to help you better secure your future.

  1. Be in the know- how much you’ll need.
    Would you take a long trip abroad without planning or budgeting for it? No way. Thinking about how much money you need to live on for the rest of your retirement can be a daunting task. Taking easy steps can help.
    • Start by thinking about what future expenses you’ll have and what sources of income you’ll have.

To read more, pick up a copy of the May/June issue of LiveIt magazine.