My Smart Retirement

What are some signs you are in good financial health? When it comes to planning for retirement, we don’t want to rely on beginner’s luck. On today’s episode, we are going to discuss how to recognize when you are on the right track and how you can stay on the pathway to financial freedom. You spend less than you make. If you’re working and spending less than you make and putting money away for the future, that’s great. Even in retirement, a good sign of financial health and longevity is spending less than what you’re bringing in. You understand the future tax implications of your savings. Inevitably, we are all probably going to be faced with some kind of tax surprise in our lifetime. But we can better prepare ourselves for our tax bill in retirement if we understand these implications ahead of time on our retirement accounts. If you’re married, both you and your spouse know enough about the retirement plan to be able to manage it if something were to happen to one partner. This might be an obvious one to some