Retirement Terms - Financial Education Is Your Best Investment

Are you approaching that golden age of retirement? If so, you’re likely starting to get a lot of things in the mail or in the office that is related to your retirement that includes jargon you may or may not be familiar with. Don’t let intimidating jargon keep you from planning and saving for retirement. Get familiar with some of the most common words you’ll encounter while financing your golden years. • When should I begin taking Social Security? • How long will my money last? • How much money do I need to retire? • Should I buy an annuity? • How much will I spend? • How will I pay for medical expenses in retirement? • Should I take my pension as a lump sum? • Can I afford to retire? • Can I retire abroad / overseas? • What are the legal ways for tax-free retirement? • How much money will I spend in retirement? • How do I prepare financially for retirement? • What should I do before I retire? This extensive dictionary covers all aspects and areas of retirement terminology. Starting with retirement planning as you get ready to leave the workforce, thinking about things like when to take the leap and how you budget on a fixed income. Taking time to understand the vocabulary can help you with your retirement planning, eliminating confusion, and get better prepared for a swift and smooth transaction. Please also have a look at other titles in this series. The Herold Financial IQ series covers all major areas and aspects of the financial world. • Personal Finance, Real Estate, and Banking • Corporate Finance, Investment, and Economics • Retirement, Trading, and Accounting • Debt, Bankruptcy, Mortgage, Small Business, and Wall Street • Financial Laws & Regulations, Acronyms, and Abbreviations