Have you started your retirement planning? Most working Americans will answer yes to this question, but may not be doing anything other than contributing to their 401(k). While that is great, is that enough? NO, generally speaking. What if you don’t work in corporate America or are self-employed, do you have a retirement system in place? Sadly, the answer to this question is often no.
Retirement planning is an essential part of our lives; after all, no one wants to work forever. While a 401(k) is a great step for those that have them, it shouldn’t be the only step but one part of a larger plan. A successful retirement plan may include everything from insurance, tax planning and beyond. Also, you need to take into account what kind of retirement you want to live. Most talk about traveling or doing all of those things they have put off doing because they were working. You don’t want to just “survive” in retirement, you want to THRIVE!
It’s time to think bigger! Financial planning is not only for the wealthy. Everyone should have a financial portfolio that takes care of them for the rest of their lives. Those with a 401(k) should be vigilant about its investments and how they meld together within the broader portfolio. This is important to watch throughout your life, including the start of your journey.
Have questions about your retirement plan, need to start one or just want a second opinion, Talk Money with Paula. There is never a fee to speak with me. Your financial future is too important to put off, so call or contact me today!