The same is true if you lose your job or get sick. You’ll have to create a new plan to get through that difficult period, and you may not be able to pay down debt or save for retirement during that time, but you can resume your original plan—or perhaps a revised version—when y...
5. Plan for retirement If you visit a financial advisor, they will be sure to ask: Do you have an employer-sponsored retirement plan such as a401(k), and does your employer match any part of your contribution? True, 401(k) contributions decrease your take-home pay now, but it’s wort...
One of my financial goals is to save for retirement. I believe it's important to start saving for retirement as early as possible, so I have set a goal to contribute a certain percentage of my income to a retirement account each year. I also want to make sure that I am investing my...
Savings, income, expenses, health, and time management. If you have a plan for each that meets your needs in retirement, you are well on the way to a successful and satisfying retirement. Many people only think about retirement once they are heading out the door. Either voluntarily or force...
The first step in setting financial goals is to identify what you want to achieve. Whether it’s buying a house, paying off debt, or saving for retirement, you need to have clear objectives. Write down your goals and be specific about the amount you want to save, the timeline you want...
When you’re intentional with every dollar you have, you’re able to make your money go further. That means you get to do more of the stuff you want to do and plan for the things you’ll do in the future. You can do more than you ever thought possible, but you’ll need financia...
4 steps to plan for retirement Investing basics: Why diversification is important Tip Write your goal down and hang it up so you’ll be less tempted to veer off course. Still have questions? Call Us Get in touch with a Financial Advisor 1-866-243-0931 Mon – Fri: 8:30 am – 9...
Retirement Planning: A financial advisor can assist in creating a comprehensive retirement plan, ensuring you have a strategy for retirement savings and income. To find a financial advisor, follow these steps: Ask for Referrals: Seek recommendations from friends, family, or colleagues who have had ...
Setting and accomplishing life goals, like buying a home or planning for retirement, becomes feasible with financial planning. Insurance coverage andrisk managementstrategies safeguard individuals and their loved ones, forming a protective framework. ...
Why? Because you have one secret weapon to jump-start your retirement: Time. The magic of compounding interest can turn just a little bit of savings into a large nest egg. To rock this goal, strive for saving 10% to 15% for retirement through your employer-sponsored 401(k). If you’...