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If you haven’t saved enough to continue your current life-style, prioritize your expenses and think long and hard about what you might forgo. In fact, in order to continue your lifestyle activities, you may want to consider the economics of downsizing your residence or cutting out unnecessary extras in order to have more time and money for entertainment.
We all face certain challenges when saving and investing for our future, regardless of our age. There are a number of factors that you should take into account when preparing for retirement. It is important to consider all of your budget as it can have a significant impact on your lifestyle after your retire.
For more information on estimating retirement income needs or determining if you’re on track to meet your retirement goals- visit our website at www.FleishelFinancial.com