Nov
26

Retirement Planning Advice

November 26, 2011

Because of the current economy, many people are worried about their finances lasting long enough to see them through their golden years. If retirement is just around the corner, you may need to consider more than just money.

Eva Rosenberg recently posted an article on the Equifax Finance Blog detailing some of the things that people often forget when

planning for retirement.

Her article, “

Retirement Planning: Most Affordable Places To Retire,” lays out some of the factors that could prevent you from fully enjoying retirement.

The first thing you should do is review your cost of living. When you start planning, remember to factor in taxes. Depending on which state you plan on retiring in, the taxes could be a minor nuisance or a major pain. Some states have high income taxes, while others place taxes on social security income. You should also find out about the real estate tax in your area. Significantly higher taxes could make a big difference when choosing to retire in one state over another.

Rosenberg’s article offers an in-depth look at taxes, but there are several other factors to consider as well. These include:

  • Where is your support system—your family and friends?
  • Can you make new friends easily in a new town?
  • Does the lifestyle in your potential community meet your tastes?
  • Can you get the medical services you will need?
  • Will your retirement health insurance cover you in that state?
  • Can you get part-time work to supplement your income if you need it?
  • Can you get the level of Internet/wireless service you need?
  • Do the locals welcome newcomers, or will you always be an outsider?

To read Rosenberg’s full article, visit the

Equifax Finance Blog. Are you planning for retirement now? Have any of the aforementioned factors been major concerns for you?

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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