Retirement May Not Come Easy


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If you sit around waiting for retirement to arrive you may be waiting for a very long time. As the baby boomers reach the typical retirement age far too many of them are finding out the hard way that retirement does not come easy. While it is true that we have safety net programs in place such as Medicare and Social Security you are
probably not going to get very far on your Social Security check alone.

This average will always be a bit different as people pass away while others become eligible for the program.But in the beginning of this year the average monthly Social Security check or direct deposit was just $1230.

Medicare is indeed going to be a big help with your medical bills when you reach the age of eligibility (which is 65 at the time of this writing) but it is not something that comes to you entirely free of costs.There are deductibles and premiums that must be paid and they can erode your modest Social Security income considerably.

If you want to be able to retire in comfort these programs alone are not going to do the trick. You must have some additional financial resources available to you as well.

Careful advance planning coupled with the financial discipline to stick to the plan are required.If this makes sense to you,the first step is to sit down and devise a comprehensive strategy for aging with a licensed and experienced Central New Jersey retirement planning attorney.

Your lawyer will gain an understanding of your ideal retirement vision,evaluate your financial capabilities,and devise a plan that leads to the attainment of your goals.

ABOUT THE AUTHOR: Alan Augulis
Experienced estate planning attorneys Warren NJ of the Augulis Law Firm offers estate planning and business planning resources to residents of Warren, NJ.

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Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.

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