extending their working years
Dallas, TX (PRWEB) July 05, 2015
Debt Consolidation USA shared in an article published recently some ways soon-to-be-retirees can manage and prepare their retirement fund when it is still not up to their target amount. The article titled “Tips In Handling Shortage In Retirement Funds” explains some remedy when older consumers find the need to increase their retirement money a few years before actually retiring.
The article starts off by pointing out that the retirement funds will be their lifeline when the time comes that they walk away from their corporate life and decide that they want to take it easy in life. But there are instances that they did not prepare for and face the possibility of retiring with too little in their fund.
The article shares that one of the things that older consumers can do is to increase their allocation for their retirement fund. If possible, double or even triple the amount that they put into their retirement fund. There is a chance that their debt payments are low at this point so it is possible to funnel in more to their retirement money.
Most people retire around their early sixties but if they are still short on their retirement fund, one thing they can consider is extending their working years and pushing their retirement date a little bit more to the future. A few more years or even months of steady income can help increase the amount they need to finally retire.
The article also shares that one other options older consumers have is to continue working well into their retirement years but for less hours and obviously less money. Less time means less stress but they will still have a steady income every month that will offset some of their daily expenses.
To read the full article, click this link: http://www.debtconsolidationusa.com/personal-finance/tips-in-handling-shortage-in-retirement-funds.html