Comments on: Ready for your second innings? http://www.theorangepaper.com/retirement/ready-for-your-second-innings.html Mon, 01 Nov 2010 10:20:37 +0000 hourly 1 http://wordpress.org/?v=8299 By: Mike Bonacorsi http://www.theorangepaper.com/retirement/ready-for-your-second-innings.html/comment-page-1#comment-826 Mike Bonacorsi Mon, 15 Dec 2008 19:44:42 +0000 http://www.theorangepaper.com/retirement/ready-for-your-second-innings.html#comment-826 Preparing for retirement before it happens is the key to making it work.Ask yourself why you are retiring and create a vision as you would like to see it happen. Understand your financials, money in retirement is more than the value of your 401k, it is understanding your cash flow (how much and where will it come from), and how much it will cost you. How will you deal with shortfalls. Understand pension and SS options and how they fit into your situation. Remeber,many of the decisions you make will affect a surviving spouse. It is mandatory you understand health care optins, for many this will be the biggest expense. The good news is we are living longer the bad news is we could live longer with health issues. Mike Bonacorsi author Retirement Readiness Preparing for retirement before it happens is the key to making it work.Ask yourself why you are retiring and create a vision as you would like to see it happen. Understand your financials, money in retirement is more than the value of your 401k, it is understanding your cash flow (how much and where will it come from), and how much it will cost you. How will you deal with shortfalls. Understand pension and SS options and how they fit into your situation. Remeber,many of the decisions you make will affect a surviving spouse. It is mandatory you understand health care optins, for many this will be the biggest expense. The good news is we are living longer the bad news is we could live longer with health issues.

Mike Bonacorsi author
Retirement Readiness

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