The fear of running out of money in retirement is a common one, even for those who have planned and saved. These tips can help ensure that your savings will last throughout your entire retirement. Read More about Planning for Retirement
Even after you've retired, you'll still need to stay on top of your financial situation. Know key dates for making withdrawals and understand those tax implications. Adjust for changes in your health and look for unexpected gaps — and even new opportunities.
Your retirement savings may need to last for decades. First, decide what your priorities are for this stage of life. By sticking to a cost of living budget, you’ll have more flexibility to enjoy your lifestyle — or meet unexpected medical expenses.
Learn About Regions 62+ LifeGreen CheckingAs you age and your circumstances change, you’ll want to revisit your need for insurance: life, disability, medical, property — even long-term medical care. Every situation is different, but check with an insurance professional to decide how to adjust your coverage as needed.
Maintain an active investment strategy, even as a retiree. Evaluate your investments each year to balance for safety and income. Make adjustments for market performance so your assets last as long as you need them to.
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