A secure, comfortable retirement is every worker’s dream. And now because we’re living longer, healthier lives, we can expect to spend more time in retirement than our parents and grandparents did. Close to age 65, you can find out how to apply for just Medicare. You may need to sign up for Medicare close to your 65th birthday, even if you are still working.
Key Takeaways:
- In early retirement, people are often content to either stay in their homes or downsize within their current communities, where family, friends, and resources are nearby and readily available.
- To create an adaptable plan, look at three distinct phases of retirement. The ages below are just an approximate guide .
- One financial consideration that is important during this phase: If you did not purchase long term care insurance when you were in your 50 s, this may be your last chance to do so.
“As you consider what your retirement will look like, financial considerations are important — but it’s also crucial to think about the issues that go beyond money.”
http://time.com/money/4585929/retirement-planning-phases-community/
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