March 4, 2013

5 Secrets To Making Your Retirement Money Last

Filed under: Retirement — seniorlivingguide @ 1:01 pm

Courtesy of Dixie Somers [dixiesomers@gmail.com]

Most people spend their entire lives saving for retirement. However, once you get to retirement, you still have to pay bills and other living expenses. Managing your money doesn’t end at retirement. Here is a list of 5 secrets that can help you get the most of your retirment money.

1) Stay Liquid

It is important that you keep yourself as liquid as possible. This will give you the flexibility to reallocate your portfolio and put your money where it can grow as quickly as possible. You never want to be stuck in an investment that is not returning what you hoped it would.

2) Diversity Is Important

Never rely on a single source of income during your retirement years. Even if you are doing alright financially, you always want to have options when it comes to your finances. If you have money in the market, you want to have money in CD’s or in real estate to cover for those losses. A part-time job is also helpful.

3) Make Sure That You Are Aggressive With Your Money

Just because you are retired doesn’t mean that you should stop thinking about how you can make your money work for you. Make sure that you are still having regular meetings with a financial adviser and read financial blogs or other magazines each day. Invest wisely, but still be proactive with your money. There are several financial to consider when retiring, including FERS disability retirement and other options.

4) Stick To A Budget

Your retirement years should be a time when you can splurge every so often. However, you want to make sure that you are sticking to a budget. Even if your budget allocates more money for entertainment than it may have in the past, you still have to make sure that you are not going overboard or spending more than you can afford.

5) Don’t Take On Too Much Debt

Although there is nothing wrong with buying a car or adding on to your home, make sure that you have a plan to take care of any debt that you may incur during retirement. If you are spending your money on debt payments, you will have less money to spend and save. Interest is something that you want to be accruing during retirement as opposed to paying to lenders.

It is always a good idea to make plans for how you will live after retirement before you retire. This will give you more time to make plans to help you get the most out of your money. However, all of these tips can work regardless of your financial situation during retirement.

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New Listing Alert – Cypress Palms 400 Lake Ave. NE Largo, FL 33771

Filed under: Alzheimer's,Assisted Living,New Senior Housing Information — seniorlivingguide @ 12:55 pm

Cypress PalmsCypress Palms offers a carefully developed care plan to meet the needs of our residents in a beautiful setting. Everything you’ve wanted and more! Cypress Palms also offers Sand Pearl, created and designed for individuals with Memory Impairment, focusing on the treasures within each individual. Also, exclusive to Cypress Palms is Pearl Essence. “For Women Only” with memory impairment.

View the full listing here – http://www.seniorlivingguide.com/DB/facilities.tpl?sku=20130304103159

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New Listing Alert – Harmony Home Health 13787 Belcher Road S., Ste 220 Largo, FL 33771

Filed under: Home Health Care,New Senior Housing Information — seniorlivingguide @ 12:24 pm

Harmony Home HealthHarmony Home Health On-call 24 hours a day, advice 7 days a week Experience the Harmony difference.. Personal care, seek Homemaker Services, Transportation, Medication Management, Meal Prep, Senior Counseling, Pet Therapym Caregiver Support, and so much more! FREE IN-HOME CONSULTATIONS

View the full listing here – http://www.seniorlivingguide.com/DB/facilities.tpl?sku=20130304100355

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New Listing Alert – Alliance4Aging PO Box 522 Cary, NC 27512

Filed under: New Senior Housing Information — seniorlivingguide @ 11:52 am

alliance4agingA clearinghouse for Elder Care Resources. We offer the largest US database of elder care service providers.

For Caregivers – we provide a 911 service to find services and support you need urgently 24/7.

View the full listing here – http://www.seniorlivingguide.com/DB/facilities.tpl?sku=20130304093949

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New Listing Alert – QUALITY LIFE Home Health Agency 316 Del Prado Blvd.S. Suite 206 Cape Coral, FL 33990

Filed under: Home Health Care,New Senior Housing Information — seniorlivingguide @ 11:38 am

Quality Life HHAQUALITY LIFE HOME HEALTH AGENCY is Committed to Providing a Level of Quality care That Encourages the Safe and Cost- Effective delivery of Home Health Services.

View the full listing here – http://www.seniorlivingguide.com/DB/facilities.tpl?sku=20130304091913

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