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Retirement
What Questions Should You Ask Yourself When Trying to Retire?
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[QUOTE="Jasz, post: 240027, member: 61772"] Retirement is not just an age. It’s a financial number. You are ready to retire when you have saved enough money to live the retirement lifestyle you want and can safely withdraw money from your savings to supplement any income sources, like Social Security or pensions, that you may have in retirement. There are several online tools that can help you calculate this number. But, as you run these numbers, consider the following: How much will your expenses be? Will they be higher or lower? Do you need funds for long-term care? How much income will you receive in retirement? How will inflation impact your income in future years? What are your health risks? Do you need to account for potential health care costs? Will your health care coverage change? What does the market look like now and what do experts project for future market performance? [/QUOTE]
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What Questions Should You Ask Yourself When Trying to Retire?
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