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Retirement
Things that must be in place before retiring
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[QUOTE="Holicent, post: 293923, member: 76163"] Before retiring, it is important to have a solid financial plan in place. This includes having enough savings to cover expenses during retirement, as well as having a source of income, such as from a pension or Social Security. It's also a good idea to have a plan for healthcare costs, as they can be significant in retirement. It's also important to have a plan for your time and activities in retirement, to help you stay engaged and fulfilled. Additionally, it's good idea to have a plan for long-term care in case it becomes necessary, and having appropriate insurance or savings in place. Also, before retiring, it's important to consider your overall physical and mental health, and to make sure that you have a plan for maintaining your health during retirement. This may include having a regular exercise routine, eating a healthy diet, and staying socially connected. Another important consideration is having a legal plan in place, such as a will and power of attorney. This will ensure that your wishes are respected and that your loved ones are taken care of if something happens to you. Finally, it's important to have a plan for your living arrangements during retirement. This may include downsizing to a smaller home, moving to a retirement community, or making other changes to your home to accommodate any physical or mobility limitations. Overall, the key is to plan ahead and to make sure that you have all the necessary elements in place before you retire. This will help ensure that you have a comfortable and fulfilling retirement. [/QUOTE]
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Things that must be in place before retiring
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