Here are the top 4 retirement worries—and how to handle them:
. You can then withdraw from your HSA tax-free as long as you use the money for qualified health expenses. This makes HSAs particularly well suited to growing money over time for later-in-life medical expenses.The unexpected death of a spouse can cause more than emotional grief for those approaching or in retirement. It can also drastically impact your retirement income and taxes.
For instance, having a good life insurance policy in place can help you and your spouse with a number of things, including income replacement, cost of living funds, mortgage repayment and financial peace of mind. You might also consider proactively downsizing to cut costs in retirement. Moving into a smaller, less expensive house or reducing lifestyle creep can help you feel financially secure, should your spouse die and your income change.If you’re concerned about having the resources you need in retirement,“There’s a lot of excitement that comes with thinking about retirement—along with a lot of fear of the unknown,” says Ken Cella, principal with Edward Jones Client Services Group.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kelsea Ballerini Debuts in Top Country Albums Chart's Top 10, Andrew Jannakos Makes Fast StartKelsea Ballerini scores her fourth top 10 on Billboard&39;s Top Country Albums chart.
Read more »
Protests over Supreme Court vacancy target homes of top GOP lawmakersAngry protesters have gathered outside homes owned by Senate Majority Leader Mitch McConnell, R-Ky., and Senate Judiciary Committee Chairman Lindsey Graham, R-S.C., to express their anger at the Republican senators’ support for moving forward with nominating and confirming a new Supreme Court justice before November's election following the death of Justice Ruth Bader Ginsburg.
Read more »
Directors of 10 Top Docs Set for Savannah Film Fest PanelThe seventh annual 'Docs to Watch' panel on Oct. 25 will feature the helmers of 'Boys State,' 'Crip Camp,' 'Dick Johnson Is Dead,' 'The Dissident,' 'The Human Factor,' 'MLK/FBI,' 'Time,' 'The Truffle Hunters,' 'The Way I See It' and 'Welcome to Chechnya.'
Read more »
Kudlow—Contradicting Other Top Officials—Says Stimulus Not Needed For Economic RecoveryKudlow downplayed the necessity of another coronavirus stimulus bill for a V-shaped economic recovery.
Read more »
Five Burning Questions: YoungBoy Never Broke Again's 'Top' Debuts at No. 1 on the Billboard 200Why was 'Top' GGYOUNGBOY's best-performing yet? And who else might be able to top the Billboard200 three times in one year? Billboard staffers debate these questions and more.
Read more »