Beat the Heat in Retirement, Why You Need Power of Attorney, Extra Standard Deduction

Ready to Retire? Use This 10-Point Checklist | 12 Places to Retire If You're Sick of the Heat | Seven Ways to Decide When to Take Social Security Created for {EMAIL} | [Web Version]( November 9, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( [Retirement Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] Retirement Planning [] [Ready to Retire? Use This 10-Point Checklist]( [Ready to Retire? Use This 10-Point Checklist]( (Getty Images) Before handing in your [resignation letter](, it's important to consider the core aspects of a successful retirement. Jonathan Shenkman, AIF, breaks down a "[retirement readiness checklist](" to assess whether you are ready to retire. [] Quality of Life [] [12 Places to Retire If You're Sick of the Heat]( [12 Places to Retire If You're Sick of the Heat]( (Getty Images) Some like it hot; others not so much. If you dream of a [retirement destination]( where you get to bundle up for long winters and enjoy jacket weather in the summertime, then head north to one of these [12 extra-cool spots](. [Best $300 Welcome Bonus Card of 2023]( Enjoy exceptional rewards on purchases and a $300 bonus offer. [LEARN MORE]( ADVERTISEMENT [] Social Security [] [Seven Ways to Decide When to Take Social Security]( [Seven Ways to Decide When to Take Social Security]( (Getty Images) When should you collect your long-awaited retirement benefits? While the answer can vary based on your situation, the financial experts of [Kiplinger Advisor Collective]( recommend considering seven factors before choosing your goal age to begin collecting [Social Security](. [] Taxes [] [The Extra Standard Deduction for People Age 65 and Older]( [The Extra Standard Deduction for People Age 65 and Older]( (Getty Images) Did you know that the [tax code]( offers a perk in the form of an extra standard deduction for people aged 65 or older? Learn how to increase the amount of hard-earned [money you keep in retirement](. [7 Mistakes to Avoid When Hiring an Advisor]( Life should be a balance of adventure and relaxation - not finances. Enter: Working with a financial advisor. But choosing the wrong one could potentially wreak havoc on your investments. Be aware of these 7 common mistakes when hiring one so you can get back to the balance that matters most. 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[4 Things to Consider During Medicare Enrollment]( As you embark on the next chapter in your life, it's important to account for health care in your financial planning, an often underestimated component. [LEARN MORE]( ADVERTISEMENT [] Estate Planning [] [Why You Need a Power of Attorney]( [Why You Need a Power of Attorney]( (Getty Images) It's not pleasant to think about, but someday you may be [unable to make decisions for yourself](. Designating a [power of attorney]( should be part of any good estate plan, to protect the interests of you and your loved ones. ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. 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