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How to Create a Retirement Budget

How to Create a Retirement Budget © (Getty Images) Shot of a mature man using a laptop while working out his finances at home Many people fear running out of money in retirement. Creating a retirement budget can help you make sure this doesn t happen. A retirement budget outlines the funds you will have coming in during retirement and how you can use them to cover all your regular bills and unexpected expenses. “It is always beneficial to draft a retirement budget when preparing to retire or already in retirement,” says Janet C. Steinke, a senior wealth advisor for Buckingham Advisors in Dayton, Ohio. “This helps establish what will be needed and how this need will be met.”

How to Better Manage Your Debts in 2021

How to Better Manage Your Debts in 2021 How to Better Manage Your Debts in 2021 Mon January 25, 2021 All debt is debt, right? We take possession of what we want now and eventually pay off the debt further down the road. Consumer debts are divided into two distinct types: good debt and bad debt. But “good debt and bad debt” is an oversimplification. We don’t always fully assess all the components of debts. The difference between For example, certain “good debts” can tilt in a person’s favor and benefit their needs if the debt is managed responsibly, while “bad debt” can be any debt you’re unable to pay off.

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