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1.
What is perhaps the most important consideration for a rewarding life after retirement?
For an interesting and fulfilling retirement, stay busy with many and varied activities. Start planning now with a list of specific activities that you can build upon.
2.
Many people aim to supplement their retirement income with what percentage of their preretirement income?
25%. This is because as a retiree, they have Social Security and retirement savings income to rely on as well.
3.
At what age are your Social Security benefits free from federal income tax?
Never. Your benefits are subject to tax based on your income, not age. If your income is above a certain limit, your Social Security benefits may be taxed.
4.
Withdrawing a certain percentage of money from your portfolio during retirement _______.
Is subject to various risks. The volatility of the markets, inflation, and how your portfolio is structured can all add risks that could endanger your ability to make fixed withdrawals.
5.
Budgeting your money can be easier if you learn to see it as a kind of _______.
Reward. Just changing the way you think about it can make it easier to do.
6.
Many people work during retirement _______.
All the above. These are all reasons why many people continue working during their retirement years.