Feng Shui Your Financial House — Day 24

Day 24 — you’re on a roll. 𝐓𝐨𝐝𝐚𝐲’𝐬 𝐭𝐚𝐬𝐤 𝐢𝐬 𝐭𝐨 𝐟𝐢𝐧𝐝 𝐨𝐮𝐭 𝐲𝐨𝐮𝐫 𝐫𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐢𝐧𝐜𝐨𝐦𝐞.

You’re working hard; in many countries, some of your income is deducted by the government for your old age.

Check that The Authorities are doing it right. Find out what’s being accrued and what it will mean for your retirement.

𝐈𝐟 𝐲𝐨𝐮’𝐫𝐞 𝐣𝐮𝐬𝐭 𝐬𝐭𝐚𝐫𝐭𝐢𝐧𝐠 𝐢𝐧 𝐥𝐢𝐟𝐞, 𝐜𝐡𝐞𝐜𝐤 𝐟𝐨𝐫 𝐞𝐫𝐫𝐨𝐫𝐬.

It’s much easier to catch and correct mistakes when memory and proof are within reach. Try fixing an error 40 years after the fact — it’s not pretty! This way, you ensure you get full credit for your contribution.

Your retirement benefits may look like a pittance when you are young but don’t get discouraged. Remember that you have years of earnings ahead of you, likely at a higher rate, and your retirement estimates will also increase.

𝐈𝐟 𝐲𝐨𝐮’𝐫𝐞 𝐜𝐥𝐨𝐬𝐞 𝐭𝐨 𝐫𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐚𝐠𝐞, 𝐮𝐬𝐞 𝐭𝐡𝐞 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐜𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐩𝐥𝐚𝐧 𝐚𝐡𝐞𝐚𝐝.

Planning in the last few years before you retire is key to a smooth transition. In the U.S., you’ll want to check in with Social Security and Medicare experts and a financial planner. Don’t wait until the last minute to map…