We will get right to the point. If you think the only way to have a successful retirement is to have a hefty 401k and a pension, you’re wrong. Today, retirement comes in all shapes and sizes to provide for a variety of different lifestyles and to meet all sorts of needs. Here are a few of the most popular ways people choose to retire:
One way you can retire and still have a great life is to retire with a job. That’s right, being a retiree doesn’t mean you have to give up working altogether. You can retire and still work. In fact, according to recent polls, nearly 74% of Americans plan to continue to work after they retire from their traditional jobs. Most of them, however, don’t plan to work full time. Instead, they will get part-time jobs to supplement their retirement savings and Social Security benefits.
You can also have a financial fulfilling retirement by using non-traditional retirement funds. These are funds outside of the typical 401k or pension and include, but are not limited to, annuities, Reverse Mortgages and investment options.
Retirees find that if they strategically look at their retirement savings and all of the available options, there is more than one way they can manage their finances to meet their needs. The key to success is choosing the option that is best for them.
If you want to find a way YOU can be successful in retirement without taking the typical route, talk to the people at Reverse Mortgage Answers today. They will be able to give you valuable information on your Reverse Mortgage options, or refer you to a financial advisor who can create a plan specifically geared towards your needs.