It’s a new year, time for new goals, maybe even retirement. If that’s YOUR plan, Tom Jacobs from Jacobs Financial Services wants to help. He’s advised thousandss of people on how to retire with ease. He’s compiled a Top Ten List of Retirement Regrets, the things people wish they had done differently when planning for their next chapter in life. Jacobs joined us to share the list:
1. Not saving enough for retirementThe retirement you’ll enjoy will be closely tied to how much income your savings can generate. How much have you put aside? In a study from Transamerica, 63% of retirees regretted not saving more.
2. Relying on Social SecuritySocial Security is designed to supplement other retirement savings, rather than be the sole source of income. According to a recent survey, only 4% of retirees wait until 70 to claim their Social Security benefits. This could reduce your benefits …