If you’re planning for retirement, you have some decisions to make… one of which is exactly “when” you want to officially retire. For many, this date typically coincides with your eligibility for Social Security, but you might want to think twice before using this strategy. Not only could it prove to be unrealistic, it might also not be in your best interest.

Studies are showing that people are working longer than they used to a couple of decades ago and for good reason. Maintaining some sort of employment, whether full-time or part-time, allows seniors to stay active and productive in those golden years.

But more importantly, working past the traditional retirement date can help you continue to live in the lifestyle you’re accustomed to without worrying about whether or not your social security benefits will be enough.

Of course, how long you work can also be affected by other factors, such as your health and the health of your spouse, so it’s important to take steps now to ensure that your assets are also protected from those risks. Estate planning documents such as healthcare directives and living trusts are a good place to start, but you’ll also want to structure your investments and develop a plan to protect your earning power now so that you don’t have to worry about your finances in the future.

And the best way to do that is to contact a licensed and experienced attorney who has a proven background helping clients achieve their long-term financial goals.

Larry Parman
Author, President and Founding Attorney
Parman & Easterday