There has been a recent surge in retirements due to a variety of different reasons. Baby Boomers are now entering the retirement age, and we have also seen an epidemic of big corporations finding reasons to dismiss employees between the ages of 55 to 62 years old.
So what happens when you get close to retirement, whether it be voluntarily or involuntarily? For starters, you have some big decisions to make when you are retiring. The vast majority of people make these decisions without proper advice, and that can cost them a great deal of money over the years that follow.
In this segment from The Financial Physician, host Lou Scatigna CFP helps you prepare for some of those important decisions in order to help you live out a comfortable retirement.