Are you ready to retire? It's an exciting time, but there are some important things to think about when it comes to budgeting your 401(k) and choosing where to live. Silvur Founder and CEO Rhian Horgan joins on Wealth! to discuss these important aspects.
Horgan points out that retirees need to consider several factors when deciding where to live, such as the cost of living, Medicare costs, and being close to family. She notes that Medicare costs can vary a lot depending on which state you live in, suggesting Tennessee as a more affordable option.
Horgan also provides advice on how to budget in this high inflation environment and what to keep in mind if you plan to retire before becoming eligible for Medicare benefits.
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