The arrival of 2018 will bring with it several changes on the Social Security front.
This slow increase in the full retirement age presents a challenge now that Americans are living longer and saving less. If Social Security is important in your life — or the life of someone you love — you should know about some key changes that will be made to the program coming in 2018. Click below to learn more.
Source: http://clark.com/personal-finance-credit/social-security-full-retirement-age-rising-to-67
It’s a time when we’re supposed to find happiness, but post-work life is often associated with severe health problems. Below are some tips to help you live long and prosper.
Source: https://www.theguardian.com/lifeandstyle/2017/may/15/how-to-have-long-and-healthy-retirement
What’s the biggest threat to a comfortable retirement? Ignorance. The decisions you make leading up to retirement, including how much to save, how to allocate your investments, when to take Social Security and how to anticipate your retirement expenses can make a big difference in your old age.
And the decisions don’t stop on day one of your post-career life. Once you’re in retirement, you’ll need smart strategies for taking withdrawals and investing your resources so they last as long as you do.
So how well-versed are you on this critical subject of RETIREMENT? Take this quiz to find out.
Becoming rich is nothing more than a matter of committing and sticking to a systematic savings and investment plan.
If you want to get rich, start investing- and start as early as you possibly can.
To illustrate the simplicity of building wealth over time, Bach created a chart detailing how much money you need to set aside each day, month, or year in order to have $1 million saved by the time you’re 65.
Next time you consider running to Starbucks for a $4 latte, think about this chart and consider redirecting that coffee cash to your savings. Check it out here.
How do we know when we have enough for retirement? Given it’s National Save for Retirement Week, there’s no better time than now to take the mystery out of saving for retirement. The objective is that when you arrive at the golden years and find that they are truly golden- It’s called FINANCIAL FREEDOM. And it’s easier to get there with a little planning- even in your 20s- Because it’s closer than you think!
Click the here to learn when you will be “Retirement Ready.”
We’ve devised a little roadmap of goals that everyone can follow to make sure they are meeting the right financial goals for their age. Of course, you can accomplish any of these goals sooner, but this is a good general map of where you should be at any given age:
Learn more here.
Thus they say “life begins at 40.” It is true in a sense that most people should be stable, ideally, in all aspects of their life when they turn 40—the “prime” stage in a person’s life.
It is when you are 40 when you can do and be in your greatest potential—and at least, have already achieved the following:
Click here to learn the 6 “Must” Things To Have Before You Turn 40…
So when should you start saving for your kid’s college? The short answer is, as soon as possible. However, you must fund your retirement first! If you’re already putting enough away for retirement, start saving for your child’s college fund as soon as you can.
Click here to learn more about saving for your children’s college.
The actions you take in the final decade before you quit working are crucial to getting the next phase off to a smooth start.
We provide retirement planning counsel to many clients. Considering retirement is exciting, but it can also cause anxiety and fear. That’s why we encourage our clients to begin planning for retirement with a comprehensive financial plan. Seeing your personalized financial plan takes away much of the anxiety before your retirement date arrives.
Money Magazine offers this advice if you plan to retire in the next 10 years:
Click Here.
More than a third of millennials receive financial support from their parents. New studies show that many boomers are risking ruining their retirement to subsidize their adult children, which is scary as they live longer and will need more savings. Making personal sacrifices for the good of your children is good parenting. But there are limits, and financial advisors agree that your retirement should not be on the table.
Learn More here.
