Blog post written by Dale Decker
If you are 59 ½ up to 70 ½, you are in the Golden Decade when everything you do relative to your retirement matters.
There is a long list of do’s and don’ts during this period. On Saturday’s Secured Retirement Radio Show, CFPs Joe Lucey and Derek Fautsch outlined a few.
Do: Map out income.
When 60 and retiring, one needs to plan the next 30 years without a paycheck. Everyone’s situation is different, but in each case, there’s a way to manage income, Social Security, taxes, and possibly employment to enhance your chances for a successful retirement. Make mail box income work for you during this period.
Don’t: Take Social Security too lightly. There are a lot of variables for most individuals and couples. What can seem like a simple process is actually very intricate and the devil is in the details. The 10 percent that you don’t know about Social Security can make an income difference in the thousands and influence the success of your retirement years.