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By wordsthatecho
October 31, 2016

Allan Roth, founder of the financial advisory firm Wealth Logic, has some advice about retirement planning. A key issue is that people don’t plan for the increase in their spending that will likely happen once they don’t have a full-time job, says Roth.

Before you retire, Roth suggests that you take a hard look at your budget so you can get a handle on what you’re spending. Then start thinking about the activities you’d like to engage in when you’re retired, and what they’ll cost. You also need to take into account your health care costs, especially if you’re retiring before age 65.

Roth also suggests easing into retirement. Keep working part-time, he says, and not just because it’s nice to have the income.

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The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

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