don't forget to do these 5 things before you retire - health care appliances

One of the problems that financial planners and accountants are constantly complaining about is that potential clients are looking for services when they retire too close.
Joe Edmunson, financial adviser to AXA Advisors, said: "People come and visit when they retire, look at a number, and see if it's insufficient . ".
"They said, 'I hope to talk to you 15 or 20 years ago.
"Sometimes it's too late to help clients retire comfortably at the desired age, and the only option left is to work longer and postpone retirement.
"When did you start talking about retirement?
Yesterday, "said Ed Munson.
"It's always a benefit to fund your retirement plan as soon as possible so you can build a wonderful nest egg. "[See: 15 In-
The elderly need work. ]
Before employees retire, visiting financial planners is clearly one thing they ignore.
But people tend to forget to do something else before they retire, and as such, they may suffer consequences.
Remember to take care of these five things before you retire :--
Complete house repair and improvement. --
Create a realistic budget. --Pay off debt. --
Think about how you will spend your time. --
Assess your health care and insurance needs.
Completing these tasks before leaving can save you time and money.
Retired homeowners who complete their home repair and improvement plans to scale down are sometimes destroyed because they need to spend thousands of dollars updating their home before they can put it on the market.
Many homeowners, especially those who have been at home for 20 years or more, ignore regular updates to their homes, especially the kitchen and bathroom.
Lisa Bailey, North Virginia real estate agent
Harper of the LBH group said buyers wanted to update the bathroom, kitchen and new appliances.
The clients she represents have old carpets in red or green, mismatched appliances, and clients for decades --
Old kitchen countertop.
Bailey: "One of the basic things people don't do is to paint . "Harper says.
"Paint has a long way to go.
You walk around and don't think it's a big deal until you move something.
They live there and they don't consider upgrading.
"Create a realistic budget and you don't want to make too much money in your early days and have no money.
Nasser Zaermohammadi, national director of training and development, Vantis Life, said: "most retirees will have a fixed income, so it is essential to budget based on income and actual expenditures.
"This includes a review of pensions, and if they have a pension statement and a Social Security statement, see how much guaranteed income you will receive from these sources. " Pre-
Retirees should also assess the value of investment and retirement accounts.
"If necessary, adjust them based on inflation and agree to use the appropriate exit rate ---
4% is a recognized goal--
"Meet your needs from these sources," said Zaermohammadi . ". [
See: retirees face seven new taxes. ]
Paying back the debt gives you more money to spend on the subscription fee.
"If possible, pay off all your debts and don't create new ones," said Zaermohammadi . ".
"One exception to this rule is those who want to create certain deductions in retirement to reduce the effective tax rate.
Keep in mind that most people will receive fixed income and may not be able to continue to pay high interest rates related to some of these debts.
"Consider what you will do in the days and weeks after you leave work.
"You should start thinking about your post.
Start your career before you reach retirement age . "
"It would be good if you could develop skills in your old age before retirement.
"You can create additional income when you retire, which means reducing the expenditure on retirement savings.
"The benefits of working longer hours or getting supplementary income mean less pressure to withdraw assets," says Edmund Hudson . ".
"If you extend your working life, you may receive additional Social Security income. "[
Read: 25 things to do when you retire. ]
Assess your health care and insurance needs and sign up for a new health care plan before you leave your employer's health insurance.
Many people wait until they are 65 to retire so they can take part in health insurance.
"It is very important to choose the right medical insurance plan," said Zaermohammadi . ".
"These options, including traditional Medicare, Medicare advantages and supplementary Medicare plans, can be numerous and confusing.
Consider discussing your options with an expert who can help you navigate through these issues and make appropriate choices.