Jeff Pabst, CRC
Every month, we read several articles regarding the retirement industry. These are just a few that I thought might interest our readers.
Many people are trying to go into retirement debt free. So, you may not think that concentrating on maintaining a high credit score is all that important. However, this article goes into some of the reasons why doing a little maintenance on your credit rating may not be a bad thing. Some apply to those who bring some debt into retirement. Yet, some other suggestions are for more practical reasons like purchasing a vehicle.
http://www.wisebread.com/why-your-credit-score-matters-in-retirement
I found this next post to be very interesting. It talks about some of the issues that are going to be faced by companies in the near future when the baby boomers leave the workforce with all of their institutional knowledge. He has a conversation with a blue collar worker that knows the ins and outs of his business and has put quite a bit of effort in to the details of mastering his craft. The writer goes on saying that retirement planning can be much like the efforts of quality control and hard work put in by blue collar workers. It takes a dedication to quality control. Very interesting read…
http://www.forbes.com/sites/robertlaura/2017/01/29/blue-collar-wisdom-about-retirement/#3c470c5172fd
The next article from this month is something that those who are currently retired and those who plan to retire in the coming years will be interested in. It talks about the top three things that most retirees forget once they reach retirement. The first is taxes. I’m sure the thought is, “I’m retired, I don’t need to worry about taxes.” Wrong. Taxation is still a part of being retired; you just may not pay as much in taxes. Another mention in this article is about keeping good medical records when you are retired. This again plays in to your taxes because you may be able to use a medical expense deduction depending on the amount of money you spend on medical expenses. Check out the article for more details!
http://www.foxbusiness.com/markets/2017/01/30/3-biggest-tax-mistakes-retirees-make.html
Finally, I found this article to be a good fun way to finish out the article round up. The retirement planning that you always hear about is the financial aspects. However, you should also be thinking about what you are going to do once you leave the workforce. I know you may be saying that you have a huge “to-do” list that will take you forever to complete. However, when you have a significantly larger amount of time to complete the list, it will get done much quicker than you expect. This article gives you several ideas of how to spend your time once you have left the workforce and complete that “to-do” list.
Jeff Pabst, CRC Senior Communications Specialist