Retirekit
  Netbenefits
 
Retiring In 2013: Read Some Retirement Planning Tips

Although you have been saving for many years, no amount of saving is enough to make you feel safe after retirement. However, if you are retiring this year, then you should read the below mentioned tips:

1. Secured retirement benefits: If your retirement plans are secured then you can easily get the employers contribution however you can also keep the money that is contributed by you in the workplace retirement account. You cannot seek the contribution of the employers in some of the retirement accounts before serving for a certain time period at the organization. However, there are a few retirement accounts available where without any work years eligibility you can enjoy the benefits. Knowing the date after which you can get all the desired benefits can prove helpful. Working for few extra weeks will not cause any harm, in fact it will get you handsome retirement payout.

2. Choose when to claim Social Security: Do you know that about one million people have successfully downloaded the Social Security statement available online since 2012. To make sure that all the earnings posted in the Social Security are accurate, download your statement from the internet to verify it. Also, check the amount that you are entitled to receive from Social Security at different dates. It is not an intelligent decision to take retirement in the year when Social Security is received. Claiming the Social Security in the age of somewhere 62 to 70 can prove helpful in getting the delayed retirement credits.

3. Secure the savings: It is high time to start thinking of protecting the wealth rather than increasing wealth as this practice will pay you well after retirement. When you are nearing the retirement it is not suggested to take risks and follow the conservative policy. As soon your life will change and you won’t be having source of stead income, it is better to protect it Save the money as the source of collecting it won’t be anywhere near.

4. Sign up for Medicare on time: Three months before turning 65years old you can get yourself enrolled to Medicare. And the initial enrollment lasts up to three months. You might be asked to pay 10% monthly premium for failing to enroll before three months of turning 65 years old. However, if you are insured by a group insurance either by your spouse or employer, you would be required to sign up for Medicare before eight months from the retirement age.

5. Draft Plan for Spending You Assets: Plans of turning retirement savings in to income should be pre-planned by the retirees. Abstain for spending much money in the first stage, save for the later life. You can rely on netbenefits to make most of the portfolio planning. Have a plan ready to how you will use the assets and try to stick to the plan. Instead of spending on taxes try to save the funds for yur retirement portfolio.

These five tips will make your life enjoyable and will also allow to live an Financially independent life.
 
  Today, there have been 1 visitors (1 hits) on this page!  
 
This website was created for free with Own-Free-Website.com. Would you also like to have your own website?
Sign up for free