If you have a long way to go, here is a wake-up call...it is never too late to start planning for your retirement. The sooner you start, the better your nest egg will be padded and secure. If you are on the edge of retirement, you have to have a nest egg, otherwise relying on SSI will put you in the poorhouse.
If retirement is near, investments must be secure. McDonald's is a solid dividend paying stock. When it comes to metal investment, always go with gold at iShare. Choose a simple portfolio of Vanguard mutual funds with this, this and this! Get more investment advice at Real Clear Markets blog.
Retirement communities are starting to pop-up that are lifestyle oriented, so that you can retire with people who share your interest. You might even think about getting more bang for your buck in a foreign land. If you retire away from family and acquaintances make sure you have some sort of support you can fall back on if it doesn't work.
Retirement should not be ventured into without planning. Remember that for the most part retirement is permanent and many see the goal of retirement at 62 years of age. Age 62 is like a fool's gold for retirement. As far as SSI the payments may not have any buying power if you live beyond the life expectancy. Unless health is an issue, full retirement age will pay better in the long run, and the magical age of 70 will almost double your age 62 benefit. Things to consider.
Keep in mind that retirement is ever evolving. When planning for retirement, it is better to save, invest, plan, prepare and have surplus than live like a pauper. No doubt, when retiring you need all the help you can get.
You should make out a will as soon as possible. The reason is because you just don't know!
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