Is There More You Can Do to be Retirement Ready?

Here are a few things to think about as you approach retirement.

10/28/2016

Getting Yourself Retirement ReadyIf you are already working towards enhancing your retirement – good for you! But as retirement approaches, there may be some other things to consider doing to make sure you are adequately prepared for a comfortable living when that time arrives.

  • Increase your paycheck contributions – Give your retirement a raise when you get a raise in your paycheck. Expenses in the U.S. will continue to rise, offset those increases by saving more tax free now.
  • Consider working longer than you originally planned – Just a couple of years added to your investments may benefit the bottom line with compounding interest.
  • Take care of your physical health – Medical expenses will continue to rise, so take care of your health now to decrease potential expenses. Consider opening a Health Savings Account.
  • Pay off your mortgage and other debts – This will decrease your stress level at retirement by not having those expenses every month and give you added money for spending.
  • Reduce your investment risks as you get closer to retirementTalk to us. We can arrange for you to meet with one of our Retirement Specialists who can look at your risk tolerance and help develop a plan for reducing your exposure to market risk.
Assess your other sources of retirement income so you know what to anticipate from them at retirement – Whether you are just beginning, close to retirement, or somewhere in between, we are here to help you at whatever phase of retirement planning you are in – just ask.  Stop in or call us to set up a time to meet. 

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