Author Image: Janet Kidd Stewart

Janet Kidd Stewart

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You can reduce a potential estate tax by reducing the size of your estate.
Some advice: Save for retirement, but don't go too far the other way and deprive yourself of satisfying life experiences.
Filing for Social Security benefits can be complicated. Many seniors can't afford to wait until full retirement age to claim benefits, but filing early will cut benefits. People younger than full retirement age who are still working could also have their benefits reduced.
For retirees, finances are usually a concern, but you should also consider what you'll do with your time as you adjust from working full time.
Knocking out some major expenses, like a too-large home, is a much better move for retirement than nickel-and-diming yourself, according to Jane Bryant Quinn, author of "How to Make Your Money Last: The Indispensable Retirement Guide."