Events Calendar
In This Section
Most Read Stories
Blogs:
Pets:
Summit teams up with Rescue Waggin' to save dogs
The Heldenfiles:
Songs for an American Day
Patrick McManamon:
Touching on the Browns, Cavs
Akron Zips:
Opponent outlook: Northern Illinois
Browns Bulletin:
Single-game ticket sales begin July 11
Tribe Matters:
Wedge assured of job through season
Cleveland Browns:
Stallworth test showed marijuana
Kent State Sports:
Men's Basketball Scheduling update
Cleveland Cavaliers:
Updated: Free Agency: Another Gone - Apparently
All Da King's Men:
The Obligatory Palin Post
Blog of Mass Destruction:
Wow….Sarah Palin Resigns Governorship
Akron Law Café:
Abraham Lincoln and the Fourth of July
Varsity Letters:
Highland senior receives honor
See Jane Style:
Picnic Wear
Car Chase:
Where do We Go from Here?
Let's Talk Real Estate:
Happy 4th of July!
Ohio Travels with Betty:
Tom asks where to stay while visiting the football Hall of Fame.
Sound Check:
Rundgren fans rejoice!: Second night of AWATS at The Civic added
HRLite House:
Morscruethal Behaviors or Just Lip Service?
Akron Gamer:
Hot link: Best of Nintendo at E3
Published on Thursday, Aug 28, 2008
The transition from the working life to the retired one can be jarring, to say the least.
From Consumer Reports Money Advisor, here are some potential retirement surprises:
• Underestimating a budget. This is a pitfall that traps many. With more time to spend, people end up spending more. Estimate a living expenses budget and try to live on that for a year or two before you retire.
• Leaving out the benefits. Being employed comes with benefits. Aside from the obvious ones like medical insurance, there are also the employee gym and the subsidized cafeteria. Employer-paid dental insurance is another one to add to the list. Medicare doesn't pay for dental services except in rare instances.
• Divesting can take time. It was easy to invest your funds in a brokerage account, but taking them out can be another matter. Companies can be incompetent or uncooperative when you want to cash your 401(k).
The transition from the working life to the retired one can be jarring, to say the least.
Get the full article here.
Comments
Click here to post your comments
