Strategies for Financial Stability in Retirement
Early retirement planning helps retirees avoid financial strain in later years. To achieve financial stability and live as one desires during this time, a person should exercise various proven strategies.
One key to retirement planning is maximizing earning potential by being aware of various income sources. Retirees typically rely on four main streams: Social Security (a stable but often insufficient baseline), employer-sponsored pensions, tax-advantaged savings plans like 401(k)s, and personal investments.