We all have family members or friends who are approaching their retirement years. There's no shortage of stories of those who have planned to retire at 62 or 67 only to learn they have to work beyond their target retirement age simply because they do not have enough money to retire. Fast food restaurants and department stores are filled with seniors who have been forced to seek employment just to make ends meet. One of the biggest fears seniors have is outliving their savings. Failing to start planning during their youth is at the top of the list of regrets. We would be wise to learn from the examples of our seniors and take advantage of the years ahead of us and plan early.
According to the Office of Personnel Management (OPM), "rather than being a near retirement event, retirement financial literacy and education is a career-long process." The earlier you start to plan the harder your money can work for you. Let the young you take care of the older you. Many people live the first part of their lives unhappy with their jobs. Don't live the second part of your life unhappy with your retirement. Start planning now.
Even if you don't have thousands of dollars lying around each month, you can still set your plan in motion. The key is to adjust your thinking today. Remember, if you continue to do what you've been doing, you'll keep getting what you've been getting. Ask yourself how close are your current financial habits getting you to your retirement goals?
Numerous books on the subject leave readers with unanswered questions. Many claim to be experts and charge thousands of dollars for consultation and other fees. Often, we become overwhelmed with information about how much we should save, and the best means by which to do it. The experts give you so much information that planning for retirement may seem unattainable. However, there are key tools that when used will aid workers of every economic level in planning for a luxurious comfortable retirement. This luxury is available to all. The time to start is now.
Each individual's circumstance is unique. Your financial planning should be as well. Take time to evaluate your spending habits. Could you accommodate your mobile needs and save money by sharing minutes with family members, for example? Would a smaller cable or Internet package fit your needs and allow you to save money? When we evaluate our spending, most of us can identify ways to trim $50 to $100 a month to contribute to retirement savings, which would be a great start!
IF YOU ANSWER "NO" TO ANY OF THE FOLLOWING QUESTIONS YOU NEED A FREE BENEFIT ANALYSIS
1. Are you sure you are maximizing the value of your employee benefits?
2. Will your Retirement Annuity actually be enough to retire on?
3. Do you know what happens to your health insurance when you leave your job?
4. Do you know that your Employee Life Insurance increases every 5 years?
5. Do you know why it is so important to have an emergency fund?
6. Are you aware of the importance of protecting your paycheck?
7. Have you received a review and estimate of your 3 sources of retirement income?
8. Do you have a date scheduled for your next annual review?
According to the Office of Personnel Management (OPM), "rather than being a near retirement event, retirement financial literacy and education is a career-long process." The earlier you start to plan the harder your money can work for you. Let the young you take care of the older you. Many people live the first part of their lives unhappy with their jobs. Don't live the second part of your life unhappy with your retirement. Start planning now.
Even if you don't have thousands of dollars lying around each month, you can still set your plan in motion. The key is to adjust your thinking today. Remember, if you continue to do what you've been doing, you'll keep getting what you've been getting. Ask yourself how close are your current financial habits getting you to your retirement goals?
Numerous books on the subject leave readers with unanswered questions. Many claim to be experts and charge thousands of dollars for consultation and other fees. Often, we become overwhelmed with information about how much we should save, and the best means by which to do it. The experts give you so much information that planning for retirement may seem unattainable. However, there are key tools that when used will aid workers of every economic level in planning for a luxurious comfortable retirement. This luxury is available to all. The time to start is now.
Each individual's circumstance is unique. Your financial planning should be as well. Take time to evaluate your spending habits. Could you accommodate your mobile needs and save money by sharing minutes with family members, for example? Would a smaller cable or Internet package fit your needs and allow you to save money? When we evaluate our spending, most of us can identify ways to trim $50 to $100 a month to contribute to retirement savings, which would be a great start!
IF YOU ANSWER "NO" TO ANY OF THE FOLLOWING QUESTIONS YOU NEED A FREE BENEFIT ANALYSIS
1. Are you sure you are maximizing the value of your employee benefits?
2. Will your Retirement Annuity actually be enough to retire on?
3. Do you know what happens to your health insurance when you leave your job?
4. Do you know that your Employee Life Insurance increases every 5 years?
5. Do you know why it is so important to have an emergency fund?
6. Are you aware of the importance of protecting your paycheck?
7. Have you received a review and estimate of your 3 sources of retirement income?
8. Do you have a date scheduled for your next annual review?
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