Displaying items by tag: financial finances

Still working? Great! You avoided the first mistake many Boomers make – retiring too early! The longer you work, the more secure you can make your retirement years.

Here are a few other common mistakes:

Taking Social security Benefits Too Soon – Sure, you can start getting your Social Security at age 62, but the experts say that can reduce yourt benefits by as much as 25%!

Retiring With Credit Card Debt – If you can it pays to pay off all your credit cards before you retire. If you can pay off your car loan and pay down the mortgage, so much the better.

Underestimating Your Life Expectancy – People today are routinely living well into their 80’s. The experts say it’s better to over-estimate than to underestimate; so to be safe, plan on living well into your 90’s!