4) They’ve Got Savings
There’s no substitute for money in the bank. Having a stash of liquid cash is a sure-fire way to go into retirement feeling relaxed. Remember though, this money isn’t for your daily spendings and bills. Consider it as a rainy-day fund. You’ve got it in case of emergency, but it shouldn’t necessarily be used often. There will likely come a time during retirement when your Social Security benefits don’t cover the cost of something. Maybe there’s something you really need that isn’t part of your pre-crafted budget. A strong savings is invaluable to retirees. It’s there if you need it immediately, and that’s important. A large chunk of cash that not tied up in your portfolio, stock, bonds, or other investments is a crucial part of a well-thought out retirement. This means you can take that money whenever you want. Have you and your spouse both got a cushy savings?