Now that you've reached the “finish line” and you've retired, you might feel as though your retirement requires no further planning. But the truth is that you should continue to assess your retirement, adjust your goals, and make continue planning for the rest of your life.
Once you have been retired for a year or two, ask yourself these questions. Then, revisit them every few years to ensure that you're enjoying your retirement to the max.
We often think of retirement planning in the sense of setting a savings goal, deciding upon a target date for retirement, and then steadily working toward the finish line. But once you've reached your goal, retirement planning doesn't stop there. You must also analyze your future expenses, establish a budget, and find ways to manage or reduce the significant costs you will face in retirement.
Healthcare is perhaps the largest expense faced by retirees, with prices rising every year. Take these four steps now, and as you enter retirement, to help keep your expenses under control.
When it comes to retirement planning, most people want to know how much they should save. We can always sit down and calculate a target goal together, but the truth is that we should always try to save as much as we can. It's hard to argue that someone has reached retirement with too much money in the bank!
To save even more in 2016, remember these six tips.
After years of hard work, you're probably feeling anxious to retire. But before you make the leap, ask yourself these five questions to determine whether you're really ready to quit working.
What will you do in an emergency? Planning a strict budget is a common retirement mistake. There is no way to guarantee that unexpected expenses will never take you by surprise; in fact, it's almost certain that you will experience a financial emergency at some point! Make sure you have some cash set aside for unexpected bills, home repairs, and so on.
Carstens Financial Group focuses on providing comprehensive asset management, estate planning and life insurance solutions. Allow us to help you secure your financial future.