CEO of Wealth Legacy Institute, Kim Curtis, talks about the most common mistakes people are prone to make and the best ways to avoid making them.
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There are a lot of factors to consider in determining where to retire. It can be exciting and overwhelming. Luckily, WalletHub compared all 50 states on 41 different qualities they felt related to “retirement-friendliness”. The analysis considered factors like affordability, health-related factors and overall quality of life.
According to new research by the Center for Retirement Research at Boston College, US households are claiming their Social Security much later than they did ten years ago. In 1995-1999 over 50% of eligible 62-year-olds claimed Social Security as soon as they could. Ten years later, less than one third did.
You will spend over 50% of your life working. Which is why we get anxious when retirement finally comes around, excited to finally start living on our terms. You may be looking forward to the extra time with your family and spouse. While retiring at the same time as your spouse may seem appealing, it’s important to consider what makes the most sense financially and emotionally.