You can use these funds for anything, such as paying bills and living expenses, repairing and improving your home, or simply enjoying
life in your retirement years.
For those with time, a solid long - term strategy focusing on quality stocks that grow their dividends will treat them
well in their retirement years.
This would ensure your wife would have
money in her retirement years to replace social security benefits, cover estate taxes, funeral costs, and any other final expenses.
At this point of
time in their retirement years, most retirees have already paid off the mortgage for their other home as they now own the house outright.
A financial plan will help you inventory your assets, identify your worth, and give you a clear understanding of how far your money will
go in your retirement years.
Generally, this strategy is good only if you want to take an extended vacation (
likely in retirement years) and don't mind taking a couple of classes.
I would think the government would want us to be able to «live on our»
own in our retirement years instead of needing to rely on government programs.
Think about what you
want in your retirement years and make sure you have a fall - back option in case things don't go quite the way you planned.
In this way you be guaranteed of a steady income stream for life and most important of all, it will give you the financial peace of
mind in your retirement years.
You can use these funds for anything, such as paying bills and living expenses, repairing and improving your home, or simply enjoying
life in your retirement years.
The amount of life insurance you are going to
need in your retirement years will depend on your personal value and how you would like your survivors to live after you have passed away.
This would ensure your wife would have
money in her retirement years to replace social security benefits, cover estate taxes, funeral costs, and any other final expenses.