7 Financial Factors to Consider While You Age [Yahoo! Finance]
AFLAC Incorporated (AFL)
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Source: Yahoo! Finance
This may bring new challenges and considerations to your financial planning. Health care, Social Security, senior life insurance , and estate planning can become higher priorities as your plans for retirement start to become a reality. To help you out, this article covers eight financial factors to keep in mind as you age. 1. Retirement Savings Retirement savings can be the bedrock of a financially healthy retirement. Review your current savings rate and investment strategy to ensure your risk and returns align with your retirement needs. Continue contributing consistently, and make sure your withdrawal strategy is as tax efficient as possible. A financial advisor can be helpful here as they can analyze your progress and adjust your investments to meet your goals of a financially secure retirement. 2. Budgeting A well-structured budget helps you stretch your retirement savings and assets further while reducing the chance you run out. Budgeting helps ensure your expenses
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