If you are approaching retirement, you’re likely facing a number of big questions. How will you spend your newfound free time? What kind of budget will you have? Will you downsize or stay in your home?
One of the biggest questions may be when to file for Social Security. While many people decide to file for their benefits as soon as possible, that’s not always the best strategy. By delaying your filing, you could reap some important benefits.
Planning on spending less in retirement? You’re not alone. Many people factor in a decrease in spending after they stop working. Even many financial professionals often factor in less spending when they help you with your retirement planning. But this assumption isn’t always accurate, and if your spending is higher than you’d anticipated, it could have a big impact on your financial stability.
Here at MasterPlan Retirement Consultants, we strive to keep you up-to-date with informative articles. Read on for more details of the latest and greatest news.