Retirement/estate Planning

Overview
It is never too early or late to plan for the future. This section is designed to help you understand the challenges one faces when retiring from the workforce, help you figure out how much money you will need to sustain a comfortable lifestyle as you age, help you leverage your home for income and tax breaks, and help you understand the legal documents required to protect your assets and ease the distribution of your estate. Also in the mix are the best places to retire, and the challenges of downsizing. And for couples: how to cope with Empty Nest Syndrome. Last update: 3.31.21
It is never too early or late to plan for the future. This section is designed to help you understand the challenges one faces when retiring from the workforce, help you figure out how much money you will need to sustain a comfortable lifestyle as you age, help you leverage your home for income and tax breaks, and help you understand the legal documents required to protect your assets and ease the distribution of your estate. Also in the mix are the best places to retire, and the challenges of downsizing. And for couples: how to cope with Empty Nest Syndrome. Last update: 3.31.21
Retirement Planning
Money:
Charitable Giving
Social Security:
Health/Dental/Long-Term Care:
Marriage/Divorce:
Housing/Transportation:
Other Issues:
Leveraging Your Home for Income and Tax Breaks
8 Books for a Happy Retirement Next Avenue
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Estate Planning
Organizing:
Related Issues:
Important Legal Documents
HOUSING--Downsizing/Upsizing/Renting vs Buying
There are a number of reasons to downsize. The main four: the children are gone and maybe a spouse too, and you want to live in a smaller space; you need more money for retirement; you want to move to another location to reduce housing costs, be closer to family, or live in a more favorable climate; you need to move for health reasons. But downsizing isn't always as simple as it seems. At issue is a fragile real estate market where many home owners are getting less for the sale of their home. At issue are the emotional demands of leaving one place for another, changing lifestyles, and clearing out decades' worth of possessions. A support resource to consider is a Senior Move Manager, who can help organize and manage the downsizing process. Regardless, for many retirees, the experts say that it can pay to downsize before health and/or financial issues cloud the picture. The Boston College Retirement Center provides an online tool to help you figure out if it is economically feasible to do so.
Best Places to Retire
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