News

1
Sep

5 Signs You’re Ready to Retire

5 Signs You’re Ready to Retire

You are nearing the average retirement age and each day it becomes closer and closer. The question is, are you ready to retire? Check out these 5 signs you’re ready to retire.

  1. Your Savings Exceeds Your Retirement Goals: At one time or another, you sat down and made an investment plan so you could retire happily. Now the time has come to see if all your savings has paid off. When calculating the savings you have and if it will be enough for retirement, consider using ‘Rule 25.’ This rule states you should have 25 times the value of your annual expenses.
  2. All Debts Are Paid Off: When entering retirement, make sure you don’t have any large payments you will have to make. Big expenses such as mortgage, loans, and large credit balances are things you want paid off before you consider retiring. Paying off large bills before retirement will allow your money to go farther so you can enjoy your life after work without worrying about saving for your next large payment.
  3. You Can Currently Live on Your Retirement Budget: More often than not, when you enter retirement you live off of fixed monthly income that is typically less than when you were working. Before retiring, consider living on your ‘Retirement Budget’ so you can determine if you can live comfortably on your new budget.
  4. Healthcare Is Covered: Regardless if you are on the verge of retirement of not, healthcare can be very costly. Simple things like blood tests and non-generic prescriptions can make your expenses skyrocket and cause you to not live the retirement you dreamed of. When exploring options, see if you can stay on your employer’s plan, if not your spouses. Does your company offer a Health Savings Account (HSA)? You can use this for tax-free distributions to pay for out-of-pocket medical expenses. If all else fails, sign up for private healthcare, just make sure the monthly cost is included in your ‘Retirement Budget.’
  5. Have a New Plan or Project for Retirement: Although it may seem like a distant dream now, retirement will be upon you before you know it; and while you might be looking forward spending long days doing nothing, research shows this can lead to an unhappy retirement. Before you retire, brainstorm some of the hobbies you enjoy and/or consider looking for a part-time position to pass the time. Do you like golfing? Replace your weekly meetings with weekly golf outings. Just like you should test-drive your ‘Retirement Budget’, take a week or two off from work and spend your days just as you would in retirement.

Deciding when to retire comes with a lot of considerations, from being healthy and debt-free to living on a budget; make sure you are more than well off before considering the move into retirement. After reviewing these signs and feeling confident about your decision to retire, it is always best to consult a financial professional to make sure you didn’t miss any areas and aren’t in for any surprises when you open the retirements doors.

*Content derived from Investopedia.com

Disclosure: This information is provided as general information and is not intended to be specific financial guidance. Before you make any decisions regarding your personal financial situation, you should consult a financial or tax professional to discuss your individual circumstances and objectives.

The post 5 Signs You’re Ready to Retire appeared first on Adult Financial Education Services.

Source: Adult Financial Education

5 Signs You’re Ready to Retire

1
Aug

Tips for Back to School Season

Tips for Back to School Season

Although it’s not even August yet, storefronts and businesses are beginning to advertise what some kids dread, and others cherish, back to school time. In a report from Huntington Bank Backpack Index, school supplies have increased a whopping 88% since 2007. With this statistic, here are 3 tips to consider for this back to school season.

  1. Kids are good at persuading
    • Leave the Kids at Home:
      In a 2017 report from National Retail Federation, 65% of back-to-school purchases were a direct result of their children’s influence. Instead of brining your child, involve them early in the process by checking out store ads at home and pointing out what they like. This will help you get more of what matters, and less of impulse purchases
    • Bring the Kids with
      Want to bring your kids with? Use it as a learning experience by teaching them about prioritization and budgeting. Not only will this help them realize the difference between want and need, but will also help them understand the value of money and how to be a savvy shopper.
  2. Looks for the deals
    August brings slightly cooler weather and more importantly, great back to school deals. Before shopping, check your mailbox and email for the latest deals on school supplies. This will help you narrow down which stores to shop at. Beyond this, check out the stores loyalty program. Businesses like Kroger offer loyalty cards that can help you save on supplies as well as groceries and other necessities.
  3. Buy/Rent Used
    Gone are the days where required textbooks come brand new with a price tag of $100 and up. Companies like Amazon and Barnes & Noble offer online and in-store textbook rentals at the fraction of the price of brand new textbooks. Once you receive a list of required material, you can search the title and/or ISBN # to find the best deal all while saving you time.

The earlier in life a child begins learning about saving on the little things for big savings in the long term, the better off they are for ‘real world budgeting’. By utilizing some of these strategies, you will be able to make your school supplies list and credit card statement shorter, just like they should be! Most importantly, these tips will help you save all while growing your child’s knowledge on finances and how to save.

Questions about other ways to save for your child’s education? Have left over money after purchasing back to school supplies and want to put it toward your retirement goals? Reach out to your financial advisor today and see how they can help you on your financial journey!

*Statistical references and content derived from Forbes.com and Marketwatch.com
Disclosure: This information is provided as general information and is not intended to be specific financial guidance. Before you make any decisions regarding your personal financial situation, you should consult a financial or tax professional to discuss your individual circumstances and objectives.

The post Tips for Back to School Season appeared first on Adult Financial Education Services.

Source: Adult Financial Education

Tips for Back to School Season

2
Jul

Tips for Summer Travel

Tips for Summer Travel

Are you planning to get away from the normal this summer? According to AAA, so is about 35% of Americans. With vacation season in its prime, businesses everywhere are hiking prices and fees in anticipation for a busy season. With this, here are 5 quick tips to save money on your summer travel.

  1. Strategically plan your travel – Most people take vacation while schools are out for the Summer. If you can, traveling during this time is ideal.
  2. Be Careful when you book – Is there a best time to book? Yes, in fact, if you book airfare on a weekend, you would save 19% on average. Although the reason for this is still a mystery, it can be assumed that they know you are not a corporate traveler, and thus, will look for the best deal.
  3. Stay somewhere new – If you already have a destination in mind, you should spend more time on figuring out where you will stay. Often times, cheaper and nicer options such as Air B&B’s and Hotels ‘off the beaten path’ go unnoticed. Finding a new place to stay can not only save you money, but can also open the trip to new adventure!
  4. Book early, save more $$$ – When booking travels, the sooner you book the better it feels on your wallet. On average, the best time to book travel is about two months before departure date. Already booked your trip this Summer? Get a head start on next Summer by setting price alerts on Google Flights or Hopper so you know when the price is best!
  5. Know your apps – In a day and age where you can find everything with the slide of your finger, it is crucial you have the right applications to get you the best bang for your buck. Some great apps are Dealray (for cheap flights), AutoSlash (for car rentals), and Roomer (for deeply discounted rooms). You can also Google Best Travel Apps, since apps are always changing!

Whether you are planning to travel the world or just traveling to the next city over, make sure you are getting the best deal possible by following the tips above! Already planned your summer trip(s) and realized you’re under budget? Reach out to your advisor today to see how you can invest your savings for the future!

 

*Statistical references and content derived from Forbes.com and travelandleisure.com

Disclosure: This information is provided as general information and is not intended to be specific financial guidance. Before you make any decisions regarding your personal financial situation, you should consult a financial or tax professional to discuss your individual circumstances and objectives.

The post Tips for Summer Travel appeared first on Adult Financial Education Services.

Source: Adult Financial Education

Tips for Summer Travel

1
Jun

Mid-Year Financial Check Up

Mid-Year Financial Check Up

Happy Half Year! Time flies and first 6 months of 2018 are already here and gone! With the second half of the year fast approaching, it’s important to know how your finances are stacking up compared to your goals when the year began. What better way to that then to check out these quick tips for a mid-year financial check-up:

  • What’s your credit? Your credit report is basically your permanent record. Your credit score shows how your spending, the frequency of your spending, and how you have repaid money owed. Therefore, it is so important to know where you stand. Check out annualcreditreport.com for a free report to see what you can qualify for and to check for signs of identity theft.
  • Are you over paying Uncle Sam? Last year alone, millions of people overpaid on their taxes by thousands of dollars. Make sure your W-4 accurately represents your financial status so you don’t overpay or underpay on your taxes. Head over to irs.gov to see what your withholding allowance should be.
  • Do you have savings growth? Life happens, and sometimes you need a safety net when it does. Often those who are struggling the most with finances are those who have little to no savings account, thus causing large negative effects when there’s an emergency. Even if you save $1 per day from now until the end of the year, you will have $180, which is better than nothing.
  • How’s your spending? People work hard for their money, but then spend it like its burning a hole in their pocket. It is important to know how you spend and how much you are spending so you can support your lifestyle and save enough for your dream retirement. Track your spending for the next 30 days and break every cent into categories. Once this is done you can determine how you should be spending moving forward and what areas you might need to reconsider spending.
  • Ready for holiday expenses? Even though holiday season is a few months away, now is the time to start depositing money so you don’t have to worry about what you spend when season comes around. You should create a holiday account and be depositing money into it all year so you can have a debt-free holiday all while seeing the smiling faces of your friends and family.
  • Is your potential savings interest maximized? Almost every bank and credit union currently offer interest on accounts that is fairly high compared to standard rates. You can research different banks and rates on sites like checkingfinder.com or www.bankrate.com to find one that suites you. Often, you will have to have to meet certain requirements such as minimum debits or balance. However, the interest rates usually make the hoops you must jump through worth it. Make sure where you deposit your money is FDIC or NCUA insured.

Worried about where you stand after your mid-year financial check-up? Reach out to your Financial Advisor and see the steps you can take to fulfill your 2018 financial goals. Happy where you stand? Explore your financial plans moving forward and what you need to do to set yourself up for your dream retirement!

Disclosure: This information is provided as general information and is not intended to be specific financial guidance. Before you make any decisions regarding your personal financial situation, you should consult a financial or tax professional to discuss your individual circumstances and objectives.

Content derived from https://www.nfcc.org/tools-and-education/money-management-tips/time-for-a-mid-year-financial-check-up/

The post Mid-Year Financial Check Up appeared first on Adult Financial Education Services.

Source: Adult Financial Education

Mid-Year Financial Check Up

28
Apr

Off-Ramp to Retirement

Off-Ramp to Retirement

Retirement on your mind? Whether you are on the brink of retiring or already there, you want to make sure you saved and protected your assets to ensure you’ll have income to exceed your retirement dreams. 65 years of hard work should not go to waste which is why it is crucial you make sure you are planning for retirement that may be 30 years or longer!

Check out these 5 keys to managing your retirement goals so you can reach your dream!

  1. Inflation Preparedness

It’s not if, it’s when. Inflation is a product of our ever-growing economy and with it comes negative effects. The cost of living when you retire will be drastically higher compared to when you first joined the work force. The increase in costs of goods and services sold will influence your income purchasing power. In fact, with just a 2% inflation rate, $50,000 today would be worth over $82,000 twenty-five years from now!

Takeaway: Certain pensions and annuities as well as Social Security can help damper the effects of inflation on your income through market-related performance and cost-of-living adjustments. Beyond these, there are several investment options that keep in sync with rising inflation.

  1. Keep savings in savings

Research from Fidelity states that you should withdraw no more than 4%-5% from savings in the first year of retirement to be confident it will last 20-30 years. Therefore it is so crucial to have a retirement income plan in place so you know how much you can afford to withdraw without sacrificing retirement quality of life.

Takeaway: Develop a retirement income plan so you can take the necessary steps to live your retirement dreams.

  1. Be proactive not reactive for healthcare costs

Healthcare costs are on the rise and so is the average age in America. Just like any expense, Long-term care rise with inflation and is important to keep in mind when thinking about your retirement. In a recent study conducted by Fidelity, a 65-year-old-couple who retired in 2017  will need about $275,000 to cover solely health care costs during retirement. This does not include Long Term care and according to another study conducted by the US Department of Health, 70% of those 65 and older will need some type of LTC service. A Genworth 2017 study concluded the average cost of assisted living ranges from $45,000-$85,000 annually.

Takeaway:  Don’t let healthcare costs that could have been avoided be the pitfall to your retirement. Consider long-term care insurance so you are able to live your dream without any setbacks.

  1. Plan to live longer

Technology has come a long ways which has increased the average age Americans live to. Medical advances along with healthier lifestyles has the average American living well into their 80s. This means you should be planning for a 30 year or longer retirement. If you don’t plan right, you could live past your savings and rely on just Social Security, which for the average retired worker is $1,369 a month.

Takeaway: Although Annuities can be daunting and confusing, they are one of the best choices for guaranteed income for as long as you or your spouse lives.

  1. Invest for growth

When saving for your future, consider creating an investment strategy that has a mix of both conservative and aggressive assets. Having too much of one compared to the other can have detrimental effects on your return due to growth limitations and erosive effects on inflation. Overall, you should have an asset mix in place that focuses on your risk tolerance, financial situation, and investment horizon.

Takeaway: Build a diversified portfolio make up of stocks, bonds, and short-term investments. Your portfolio should be based on market volatility, length of investments, and your financial situation. Make sure you are set up for a dream retirement by not putting all your eggs in one basket.

 

Statistical Content derived from Fidelity.com

This information is provided as general information and is not intended to be specific financial guidance. Before you make any decisions regarding your personal financial situation, you should consult a financial or tax professional to discuss your individual circumstances and objectives.

The post Off-Ramp to Retirement appeared first on Adult Financial Education Services.

Source: Adult Financial Education

Off-Ramp to Retirement

9
Apr

Social Security & You

Social Security & You

Are you on the verge of retirement? Then you are probably asking yourself when you should stop working and how long after that do you take Social Security benefits? While your first thought may be to take both as soon as you are able, the reality is a little more complicated.

Here are the top Social Security questions answered on when you should take Social Security Benefits.

 

  • Does my Social Security benefits grow, even after I retire?

 

Regardless of when you retire, Social Security benefits continue to grow every year past age 62. In fact, waiting to claim until age 70 would give you on average a 76% higher benefit than claiming at 62. This growth rate is why it would make sense to delay Social Security while your other benefits grow, whether they be other assets or income.

 

  • Can I take my Social Security benefits early?

 

In a recent study by the Bureau of Labor Statistics, nearly 40% of 55 to 64 aged adults are out of the workforce due to health issues. Claiming Social Security early would make sense for people approaching retirement who, for some unforeseen circumstance, are no longer able to work. Although you would not experience the same benefits, Social Security is there for you to take when you need it.

 

  • When should I take my Social Security benefits?

 

Determining when you elect Social Security Benefits depends on assets and secondary income in your disposal and whether these pay for your cost of living. Overall, the longer you wait to claim Social Security the more benefits you stand to receive. On average, for every year after 62 you do not claim Social Security, your benefits grown by roughly 7%. The National Bureau of Economic Research backs these findings up by stating most people on the verge of retirement would be better off waiting to claim their Social Security Benefits.

 

Bottom Line

Planning for retirement starts a lot earlier than most people think. When developing a customized strategy, make sure you are aware of all the choices you have claiming Social Security, creating secondary income, and mapping out your financial future. Speak with your Financial Professional today and make sure you have economic security in retirement.

 

Disclosure: This information is provided as general information and is not intended to be specific financial guidance. Before you make any decisions regarding your personal financial situation, you should consult a financial or tax professional to discuss your individual circumstances and objectives.

http://www.irionline.org/resources/resources-detail-view/social-security-is-a-critical-retirement-asset-and-when-to-claim-it-can-make-a-big-difference

The post Social Security & You appeared first on Adult Financial Education Services.

Source: Adult Financial Education

Social Security & You

9
Apr

Social Security & You

Social Security & You

Are you on the verge of retirement? Then you are probably asking yourself when you should stop working and how long after that do you take Social Security benefits? While your first thought may be to take both as soon as you are able, the reality is a little more complicated.

Here are the top Social Security questions answered on when you should take Social Security Benefits.

 

  • Does my Social Security benefits grow, even after I retire?

 

Regardless of when you retire, Social Security benefits continue to grow every year past age 62. In fact, waiting to claim until age 70 would give you on average a 76% higher benefit than claiming at 62. This growth rate is why it would make sense to delay Social Security while your other benefits grow, whether they be other assets or income.

 

  • Can I take my Social Security benefits early?

 

In a recent study by the Bureau of Labor Statistics, nearly 40% of 55 to 64 aged adults are out of the workforce due to health issues. Claiming Social Security early would make sense for people approaching retirement who, for some unforeseen circumstance, are no longer able to work. Although you would not experience the same benefits, Social Security is there for you to take when you need it.

 

  • When should I take my Social Security benefits?

 

Determining when you elect Social Security Benefits depends on assets and secondary income in your disposal and whether these pay for your cost of living. Overall, the longer you wait to claim Social Security the more benefits you stand to receive. On average, for every year after 62 you do not claim Social Security, your benefits grown by roughly 7%. The National Bureau of Economic Research backs these findings up by stating most people on the verge of retirement would be better off waiting to claim their Social Security Benefits.

 

Bottom Line

Planning for retirement starts a lot earlier than most people think. When developing a customized strategy, make sure you are aware of all the choices you have claiming Social Security, creating secondary income, and mapping out your financial future. Speak with your Financial Professional today and make sure you have economic security in retirement.

 

Disclosure: This information is provided as general information and is not intended to be specific financial guidance. Before you make any decisions regarding your personal financial situation, you should consult a financial or tax professional to discuss your individual circumstances and objectives.

http://www.irionline.org/resources/resources-detail-view/social-security-is-a-critical-retirement-asset-and-when-to-claim-it-can-make-a-big-difference

The post Social Security & You appeared first on Adult Financial Education Services.

Source: Adult Financial Education

Social Security & You

23
Feb

Have I Saved Enough for Retirement?

Have I Saved Enough for Retirement?

Many Americans look forward to their retirement years; however, if you’re not prepared, it can also be financially stressful. When it comes to retirement, most Baby Boomers are unsure if they’ve saved enough and are concerned about running out of money. In fact, only 1 in 3 Americans are confident or extremely confident they’ll have sufficient income for retirement.1 Planning for the future can help ensure that you have enough savings to retire on.

So how much money will you need? It’ll depend on your living expenses and retirement goals, which is why retirement planning is so important.

Cost of Living in Retirement

Determining what living expenses you’ll need down the road can be challenging. After all with inflation, it’s hard to know how much things like food and transportation will cost several years from now. According to the American Retirement Survey from Forrester, one of the world’s leading research and advisory firms, 71% of Americans are concerned or extremely concerned about the impact of inflation on their retirement, and 88% of high-income earners consider it important or extremely important to have dependable income that can keep pace with inflation.1

In addition to inflation, 78% of pre-retirees (aged 55 – 59) are concerned or extremely concerned about healthcare costs in retirement — and 64% of those over the age of 65 are concerned or extremely concerned.1 According to HealthView Services, a provider of cost-projection software, the average healthy 65-year-old couple will spend around $377,000 on healthcare expenses in retirement.2 Depending on your age and health, your specific costs might exceed this figure or fall below it, but you should still prepare for medical care and possibly even long-term care costs in the future.

Retirement Income

More than 4 in 5 Americans surveyed consider lifetime income important or extremely important, and 56% of Americans with a dependable source of retirement income are still concerned or extremely concerned they’ll outlive their savings.1

Unless you’re among the small percentage of workers with a pension, the burden of funding your retirement will mostly fall on your shoulders. That said, your savings and income sources will be extremely important when factoring them into your retirement plans.

Then there’s Social Security to think about. Most people can’t survive on Social Security alone, since the average benefit will only suffice in replacing about 40% of the typical worker’s pre-retirement income.3 And 85% of Americans feel it’s important or extremely important to have another source of dependable income besides Social Security.1 So be sure to factor in those Social Security payments into your retirement plans, as long as you recognize that you’ll most likely need other income sources as well.

While most Americans recognize the importance of securing a source of reliable lifetime retirement income to supplement Social Security, many are in the dark when it comes to identifying the right financial products to provide it. Be sure to contact your financial professional to discuss what retirement products will best suit your individual needs and retirement goals. With a little planning, your agent can help you estimate your retirement needs and give you a more thorough cash-flow analysis.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments or products may be appropriate for you, consult with your financial professional.

 

Sources:

12018 Retirement Perspectives Survey, Key Findings, Annexus & Forrester Consulting

22017 Retirement Health Care Costs Data Report©, HealthView Services

32017 Understanding the Benefits, Social Security Administration

 

Adult Financial Education Services (AFES)
March 2018

The post Have I Saved Enough for Retirement? appeared first on Adult Financial Education Services.

Source: Adult Financial Education

Have I Saved Enough for Retirement?

1
Feb

Protect the Ones You Love

Protect the Ones You Love

February is here — the month that celebrates love and romance and of course, Valentine’s Day. In a recent survey, Life Happens (a nonprofit life insurance organization dedicated to consumer education) found that people would much prefer their romantic partner plan for their financial future (44%) than buy them gifts (8%).1 Does this statistic surprise you?

It seems appropriate when you think about it: the motivation for buying life insurance is because you love someone, so what better time to explore your life insurance needs than February? Life insurance allows you to help protect the financial future for loved ones, and can help provide comfort during what can be a tough time for a family.

We spend our lives telling and showing our families how very much we love and appreciate them. But every year as St. Valentine’s Day rolls around, we make a special point to celebrate that love. Chocolates, flowers, a memorable dinner out on the town. All of these things can make thoughtful gifts, but they pale in comparison to giving the lasting protection a life insurance policy can provide.

If you love someone, consider life insurance

You’ve spent a life together… now you’re charting a new course. But, have you considered what would happen if you were no longer there to take care of your loved ones?

It’s simple. If people you love depend on you for their comfort and financial security, life insurance may be among the most significant purchases you’ll ever make. Life insurance can help provide for your loved ones’ financial needs after you’re gone. Whether for their families, spouses or even essential business partners, people purchase life insurance to help those they care about have more secure financial futures.

While it can be an uncomfortable thought, you buy life insurance for those you love, not for yourself. It may be hard to picture a day when you might not be there to take care of your loved ones, but life insurance is designed to do just that: help take care of the ones you love in the event you no longer can. Life insurance proceeds provide money directly to your beneficiaries, to help your family pay bills, fund a child’s education, protect a spouse’s retirement or assist aging parents if you’re no longer able to care for them.

While nothing can replace you, having life insurance means that if something happened to you, your loved ones would be okay financially. Protect the ones you love with life insurance. Be sure to contact your financial professional today to discuss your options and coverage.

Information for this article was provided by Life Happens, a nonprofit organization dedicated to helping consumers make smart insurance decisions to safeguard their families’ financial futures: www.lifehappens.org.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments or products may be appropriate for you, consult with your financial professional.

Guarantees are backed by the financial strength and claims paying ability of the issuing company.

Sources:

1“Study: What Do Romantic Partners Want?” Life Happens, 2018

The post Protect the Ones You Love appeared first on Adult Financial Education Services.

Source: Adult Financial Education

Protect the Ones You Love

3
Jan

5 Tips for Reaching Your Financial Goals in the New Year

5 Tips for Reaching Your Financial Goals in the New Year

You may already be retired or you’re just starting to plan for it; either way, this is the time for making New Year’s resolutions toward your financial goals.

Make 2018 “the year of making the right choices.” Take these five easy steps to reach your retirement goal sooner.

  1. Assess Where You Are
    Setting financial goals is crucial, but before you can set any goals, you need to know where you currently are. Analyze your credit card reports and check stubs from the past year. Identify where you didn’t get your money’s worth. Look through your savings, debts, and investments. Assessing your financial status may feel stressful, but gaining this knowledge will allow you to set realistic goals for the year.
  2. Set a Budget
    One of the best things you can do for your finances is set a budget. The budget should be realistic and achievable. Make sure that your housing, food, and utility costs are around what you usually pay. In reality, setting up your budget really should not take up much time. Even if you do not end up sticking to it each month, learning how much you make, what you spend and how the two compare can help you start making better financial decisions. A budget is your spending plan, but it can also help you identify areas where you need to focus, and just creating one can help you bring an awareness to your finances that you did not have before.
  3. Slim Down Your Debt
    Debt is a significant burden and can prevent you from achieving your financial dreams. Try to pay off as much of your debts as possible now. Reduce car loans, student debt and credit card bills a little at a time. The best strategy is to pay off the highest-interest debt first. If you commit to paying off debts now, you’ll be able to keep the money that you invest in the future.
  4. Spend Less Money
    There are many ways to spend less money. Start with looking over your spending habits and see what you might trim. Identify where you didn’t get your money’s worth. For example:
  • Did you really read those magazines?
  • How many times did you actually watch HBO?
  • Did having dinner out every Friday night really make you happy?
  • Do you need that landline phone?

If the answer is “yes,” keep spending. But if it’s “no,” get rid of these unnecessary expenses that can add up quickly.

  1. Meet with Your Financial Professional
    Retirement is coming, and you should be preparing for it. You need to discover exactly how much you need to retire. Planning for retirement is always an excellent financial goal, and the new year is the best time for you and your financial planner to focus on it.

Once you meet with your financial professional, you should have a better idea of what type of goals you need to set and strategies to help you start investing. It can be helpful to meet with your financial planner or advisor once a year to check on your portfolio and to see if you need to change your financial plan as your life goals change and evolve.

The new year brings new possibilities for everyone. What do you want to achieve in 2018? Consider your financial goals and start taking the steps to achieve them now.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments or products may be appropriate for you, consult with your financial professional.

 

Adult Financial Education Services (AFES)
January 2018

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Source: Adult Financial Education

5 Tips for Reaching Your Financial Goals in the New Year