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Show Your Personal $ MONEY' Management Whatever your age, now is a good time for retirement plans. Whether you plan to retire early or at the usual age of 65, keep in mind that a man of 65 today is expected ex-pected to live an additional 15 years and a woman an additional 18 years. A little advance planning can help assure that those retirement years will be enjoyable ones for you. The financial experts at The Consumer Credit Institute, Insti-tute, a counseling service of over 800 consumer finance companies, have some suggestions sugges-tions on how to properly plan your golden years without going through a lot of gold. Estimate your "after-retirement" "after-retirement" living expenses and determine what monthly or annual income you will need to live in the style you want, and then add up your sources of income. These might include such items as: Social Security benefits; pensions; pen-sions; full- or more probably, part-time earnings; savings bond interest; savings account interest; income from rental property; annuity income and income from other assets. If your calculations reveal that your income will fall short of covering your expenses, ex-penses, you need to make the necessary changes in your retirement plans. You might decide to live less expensively, retire later or find employment employ-ment after retirement. A helpful planning guide on sound money and credit management entitled "The Consumer's Almanac" is avail-able avail-able by sending $1 to The Consumer Credit Institute, 1000 Sixteenth Street, N.W., Suite 601, Washington, D.C. 20036. |