HOW TO LIVE OFF YOUR RETIREMENT
By Debbie Leviton | October 23rd. 2019

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Saving for retirement is half the battle. It’s equally important for you to know how to live off of those funds once you officially stop working full time.

No matter how far away your retirement is, start thinking about how you will make the most out of your savings. Use these tips to plan smart and thoroughly.

Carefully plan for retirement so you can spend less time worrying about finances and more time doing what you love. Follow these guidelines as you get started!

Need a financial pro to help plan for retirement?

I’ve got a great referral – give me a call!

DEFINE YOUR RETIREMENT GOALS

Write out what you want to accomplish financially in retirement. Here are a few examples:

  • Increase wealth through investments.
  • Improve lifestyle.
  • Not running out of money.
CALCULATE EXPENSES

You’ll still need to live! List out your expected expenses, including:

  • Living expenses.
  • Debt payments
  • Insurance/Healthcare
  • Taxes
  • Hobbies/Travel
  • Children/Grandchildren
CREATE YOUR PLAN

Determine how many years you have to accomplish your goals. Create your retirement budget that includes income and expenses. Be sure to:

  • Factor in non-investment income like social security, pensions and real estate holdings.
  • Estimate investment income sources like stock dividends and bonds.

 

Debbie Leviton
Loan Consultant
NMLS ID: 38381
11255 Kirkland Way, Suite 100
Kirkland, WA 98033
Mobile 206-406-1058
Direct 425-979-5216
Fax 844-496-9408
Debbie.Leviton@CaliberHomeLoans.com
WEBSITE

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