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Retirement Planning - Tips & Tricks to Succeed

Emily Morgan
January 24, 2020

Retirement Planning - Tips & Tricks to Succeed

Are you dreaming about a picturesque retirement? But what does it cost? The goal is reachable when you have a plan and follow it. Here are the tips on retirement planning.

Emily Morgan

January 24, 2020
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  1. THE PICTURESQUE RETIREMENT: MAKE IT A REALITY WITH A PLAN

    by Brian Haney, CLTC, CFS, CFBS, CIS, LACP
  2. START WITH WHAT YOU KNOW Your dream retirement is the

    sum of several parts. Each one of those components has a value you can assign it. Each part of your lifestyle is something you can measure, to help create the appropriate framework for targeting your dream. The dream gets turned into numbers; and numbers are essential for planning.
  3. Look Backwards from the Future Knowing where you are aiming

    allows you to work backwards to today and setup a roadmap to get there.
  4. LOOK FORWARDS FROM TODAY If retirement seems too far off

    to you, or is too much of a fantasy, a better frame of reference may be the lifestyle you’re living today. Preparing for retirement is all about saving. Using online risk assessment tools, in conjunction with seeking professional guidance can help you determine the appropriate investment allocations.
  5. ACCORDING TO A 2018 AARP SURVEY, MOST AMERICANS FORESEE A

    RETIREMENT SAVINGS SHORTFALL. FIFTY NINE PERCENT SAID IT WAS ONLY “SOMEWHAT LIKELY” OR “NOT AT ALL LIKELY” THAT THEIR SAVINGS AND SOCIAL SECURITY WILL BE ENOUGH TO LAST THEM THROUGHOUT THEIR RETIREMENT, AARP LEARNED.
  6. Feeling behind? Here are 4 important steps to get yourself

    on track SEE THE REALITY OF WHERE YOU ARE Check your current 401k plan provider’s website for a retirement calculator tool that will help you see where you stand. CONTROL THE CONTROLLABLES Start making small but important budgetary steps to increase the amount you put away every month. MAXIMIZE YOUR EMPLOYER OPTIONS Make sure you’re maximizing all the “free money” that may be available through any matching offered by your retirement plan. WORK WITH A PROFESSIONAL There’s a lot you can do on your own, but don’t downplay the value of working with a financial professional.
  7. BY MAKING SMALL PRACTICAL CHANGES TODAY YOU CAN KEEP YOUR

    RETIREMENT DREAM ALIVE FOR TOMORROW