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Planning for the Lifestyle Needs of Retirement

Now that you have decided how you will finance your retirement, you need to consider where you will live and what you will do during your retirement. For many retirees, the choice of where to live is actually fairly simple: they continue living in the home they purchased prior to retirement. But there are many choices to make regarding where you will live, including what type of facility you will live in, as discussed shortly. What you will do in your retirement, however, is more complicated.

Many newly retired individuals, who worked for 35 to 40 years, need to find a new identity once they retire. ...

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