THINK BIG – GO BEYOND YOUR COMFORT ZONE
ARE YOU PREPARED TO LIVE COMFORTABLE IN RETIREMENT?
Is being able to have the same lifestyle in retirement as you do now important to you? If so, strategy will be important to make that happen.
First, DO NOT wait until it is time for you to retire to stay thinking about how you will live in retirement. Did you know that most people will be almost 70 years old before they can start taking social security and that social security will be a small amount of what they will probably in retirement.
Understanding the different streams of income and expenses you can expect in retirement is critical.
Income sources: 401(k), IRAs, annuity(s), pension(s), social security, individual company stock, spousal/partner income sources, inheritance, non- qualified accounts, etc.
Income amounts: Estimate the amount that you will receive from each amount of income source and how long it is estimated to last.
Retirement expenses: List expenses that will continue in retirement, new expenses, and expenses that may be eliminated.
Emergency Fund: Decide how much is appropriate for an emergency fund. Even when you are in retirement, an emergency fund will be necessary for unexpected expenses.
Reach out if you would like to discuss further.
ARE YOU READY TO BE PROMOTED AND NOT SURE WHY IT IS NOT HAPPENING?
Well, working hard is not enough to get you promoted. There is a strategy required to build a career strategy for yourself.
Are you aware that Defined Benefit Plans were once common but are rare and have been replaced by defined-contribution plans such as a 401(k). Companies have chosen defined-contribution plans instead because they are less expensive and complex to manage. Would you like to talk about how you can bring a pension plan back to your personal portfolio – contact me.
