7 Variables to Know When You're 50 and Starting to Retire
We detail seven key variables that 50-somethings should examine to prepare for retirement, including wage peaks, retirement age, and pension collections, along with strategies for dealing with them. Table of contents What to do if your paycheck shrinks due to peak pay How to prepare for the income gap after retirement Strategies for choosing when to take your old-age pension Understanding Twilight Divorce and Split Benefits Utilizing survivor benefits when a spouse dies Managing illness, accidents, and contingent liabilities Preparing for parental care expenses In your 50s, when retirement becomes a fire under your ass Retirement planning goes from being a bridge over a river to a fire under your feet in your 50s. Even if you work until retirement age, you still have about 10 years to go, and it's time to take concrete action...