There is one thing that is almost guaranteed as you increase in age and get closer to retirement. That is the fact that you will need to go to the doctor more and you will begin to accumulate more medical expenses. One thing you need to look at in order to be able to fend off some of these expenses is to look at and consider if there is insurance available toy u through your employer after retirement. Consider all of the other options that are out there for you as well as you hit your golden years. Things such as government assistance as well as looking to see if you can pay for your insurance on your own while in retirement. Look into possibly having multiple carriers or supplemental insurance as well to help ease the burden as bills pile up. Try to see which of the plans will work the best for you.
Thursday, July 29, 2010
Insurance In Retirement
Tuesday, July 27, 2010
How To Increase Your Retirement Fund
There are numerous ways that you can use so you will be able to improve and increase the amount of money you will have in the end when you go to retire. One of the first things to look at is the dividends you will receive from current investments. This is because the financial tide is finally turning and more companies are paying dividends than they have in the recent past. Consider going smaller is another option. This means moving into a smaller home. Yes, many of us do not want to give up what we have but look it at from a money standpoint. Do you really need such a large house that you have to pay to heat and maintain or can you live and be happy in. It will make a large difference when you do retire and you are looking to live off of what you have and can increase your spending power with smaller bills for your home.
Monday, July 26, 2010
When To Start Saving For Retirement
The best answer to this question is right now if you have not already started. This is because you can never be too sure or safe in how much you have or will need to retire anymore. The best time to start or if possible is near age 25. That is of course if you are looking to be able to have a million in wait for when you retire. If you start here and you put away about $200 per month you will be able to realize this goal, especially if it is a matching 401k. You will need to increase the amount by $10 per month each year in order to continue on the level of growth you will need to reach for the million. At the age of 35 you should be at about $400 per month in contributions so you will be able to reach your goal and continue this on through retirement if at all possible.
Saturday, July 24, 2010
Reasons for a Late Retirement Start
Friday, July 23, 2010
Tips For Catching Up On Retirement Savings
Joseph Leonard is a registered Investment Advisor in North Carolina, author of The Retirement Vault and founder and CEO of the Financial Management Company in North Carolina, Coastal Financial Associates.
Wednesday, July 21, 2010
Eliminated Expenses
Joseph Leonard is a registered Investment Advisor in North Carolina, author of The Retirement Vault and founder and CEO of the Financial Management Company in North Carolina, Coastal Financial Associates.
Monday, July 19, 2010
Start Saving
Joseph Leonard is a registered Investment Advisor in North Carolina, author of The Retirement Vault and founder and CEO of the Financial Management Company in North Carolina, Coastal Financial Associates.
Saturday, July 17, 2010
Know When You Will Be Taxed
As there are a number of options and types of retirement plans that are available to you through your employer, bank or financial planner, you will need to make sure you know which will offer the most benefits in regards to tax breaks. You will need to look at and know when the taxing on these plans will occur. Sometimes the taxes will come out before the money is put into an account. There are some retirement plans in which the money will be taxed upon retirement and you withdraw it from the account. It is also dependant on the amount of money in the account as well as the way that the plan is organized for withdrawals and benefits to you as the account holder. Look into all of the options you have and discuss with our planner how it is that you will get the most benefit out of the plan you are going to use and why.
Wednesday, July 14, 2010
Planning For Your Future
There are a number of different options you can consider when trying to determine which retirement plan is going to be the one that is going to work best for you. One of the best things you can do is to talk to a financial planner. Then you will be able to go and see which of the many options out there will work the best for you. One thing you need to take into major consideration is the type of plane your employer is offering if any. This may limit your options and not allow you to be able to have the plan you really feel will work best for you. However, you do not need to go with your employer and can use your own retirement plan as set up by your financial planner. However, you may not get matching contributions if you go this route. Look at and compare all of the options to get what is best for you.
Friday, July 2, 2010
Rules For Asset Allocation
Depending on how long until you will need the money consider the use of treasuries or CD’s if you will not need the money for one to five years. One last thought is to always own stocks, yes there is risk involved, but there is also a large amount of reward to consider as well.
Joseph Leonard is a registered Investment Advisor in North Carolina, author of The Retirement Vault and founder and CEO of the Financial Management Company in North Carolina, Coastal Financial Associates.
Thursday, July 1, 2010
Updating Your Financial Plan
Be aware of the inconsistencies in the investments made in the past few years. By doing this you will have a better idea of how your money is going and growing. Do not forget about inflation either as this will have a huge impact on your current plan and how you may need to update it.
Joseph Leonard is a registered Investment Advisor in North Carolina, author of The Retirement Vault and founder and CEO of the Financial Management Company in North Carolina, Coastal Financial Associates.