Retirement Planning: Overlooked Moves You Need Before Retirement
Friday, 22 March 2024, 10:00
Automate Bill Payments
1. Put your bills on autopay
- Bills such as car payments, insurance, or rent that don't fluctuate can be set up on autopay to save time and avoid late fees.
- Monitor your accounts to catch any billing mistakes and consider setting up a separate bill payment account.
Review Checking Accounts
2. Review your checking accounts
- Ensure your current accounts suit your retirement needs, considering minimum balance requirements and additional perks.
- Research safe banks with FDIC insurance and explore brokerage account options for extra security.
- Opening a new account can provide benefits like cash-back rewards and better ATM access.
Retirement can be less stressful with proper financial management and planning. By taking these steps today, you can pave the way for a more enjoyable retirement.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.