Delaware.money

Your Finances; Your Future

Retirement

Transitioning into retirement should be easy to manage, but can be a bit more difficult if you don't take the first step in organizing your finances. If you need to repair your retirement finances, there are a few quick ways to do that. For example, you should consider downsizing because you likely have more space than you need. If you were to downsize or move to a smaller home, you could reduce taxes, utility, and maintenance bills. Another good tip would be to consider relocating because you won't have to live near your job if you're retired. Instead of looking into places with high-cost like New York, you should consider an area with a low cost of living. Luckily, there are retirement finances courses like Comprehensive Housing Counseling Services that are perfect if you're looking into downsizing or relocating for your retirement.

If you've lived in the same home for a long time and are interested in relocating for retirement, you might think it'll be a challenge to get back into the process of buying a retirement home. A lot of retirees assume that since they don't have a paycheck, they don't qualify for a mortgage. One of the best options for someone who is now retired would be using a drawdown on assets. This option can be further explained in courses such as NCALL Research Inc.

One of the best things you can do to benefit your retirement as a worker and a college student is to get a 401(k) savings plan. Not only that, but you should continuously add to it. The best part of having a 401(k) is that you have control of how you invest the money you save. You should put in as much as possible while keeping in mind what you'll need to survive. Luckily, if this is something you think you'll need guidance on, the Money School has plenty to offer.

Choose a service from the Retirement category
Comprehensive Housing Counseling Services
First Time home buyers preparedness, foreclosure prevention, credit rebuilding, and financ...
NCALL Research Inc.
Homeownership Education*,e-Home America (Online)*, Foreclosure Prevention, Financial Educ...
The Money School
The Money School offers FREE financial education classes and financial literacy resources ...
Or choose a service from one of these Retirement subcategories:
The Money School
The Money School offers FREE financial education classes and financial literacy resources ...