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4 Things to Consider When Choosing a Retirement Date

Planning your retirement? Discover 4 key factors to consider when choosing your retirement date—from healthcare and income needs to lifestyle goals and Social Security timing.
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In the journey of life, preparing for retirement can seem like a distant priority, especially if you’re a millennial focused on more immediate financial concerns like buying a home, repaying student loans, or saving for your children’s education.
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Retirement in Florida Sandy beaches, sunny skies. Blue water that stretches as far as the eye can see. A community of like-minded individuals around you. Welcome to Florida, the Sunshine State. A haven for retirees seeking a vibrant lifestyle, Florida offers more than just great weather. Appealing tax benefits, an abundance of recreational activities, and diverse cultural offerings grace this peninsula, which boasts a little bit of something for everyone.
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The Social Security program allows you to start receiving benefits as soon as you reach age 62. But you can also defer up until age 70 and receive higher benefits. How do you decide the optimal time to take your benefits? Here are a few things to consider when making your decision.
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The U.S. Bureau of Labor Statistics has reported that upwards of 10% of the workforce is employed in an "alternative work arrangement." These alternative arrangements take many forms: independent contractors, freelancers, gig workers, and more.
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Retirement planning is full of unique challenges and opportunities, especially for women. Women live longer lives than men, which can bring the risk of outliving their retirement savings. When you also consider career interruptions from having children and wage disparities, the "typical" retirement savings strategies become more complicated. Although the potential difficulties may be formidable, there are time-tested ways to surmount them.

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