What’s Your Plan for Retirement!
Retirement is something people plan mostly throughout their adult life.
Some people start very early, and others wait. Whatever you have done, the first thing you need to do is take inventory of what you have in savings and investments and figure out if it’s going to be enough to live comfortably without having to worry about whether or not you can afford to do what you want when you want because let’s face it you haven’t worked for 40 hours a week for 40 years to retire on 40% of your salary.
Whether you are close to retirement or are years away, what happens when the paycheques stop coming? In Australia you need upwards of $300,000 to live comfortably
“Once you’ve retired it’s just a pile of cash, so you have to ask yourself, ‘How do I effectively use that pile of cash to create an income to sustain me and my family for the rest of my life and continue a legacy moving forward?’
Casey Marx president of Crown Haven Wealth Advisors says there is no “one-size-fits-all” solution when it comes to retirement planning. The first tip to retirement is planning and simply knowing where your money is–something many people don’t know.
“You’d be surprised. In some cases, we find our clients have a pension they totally forgot about 30 years later and they’re really excited that we find it. But the point is you have to consolidate all your accounts. And even if you’re not going to consolidate it all into one spot, at least know where it’s all at.
One of the biggest fears people have when retiring is running out of money. A spending plan should be part of your comprehensive retirement especially if you plan to travel and stay active.
Just finished up our webinar “How to Dodge the Retirement Crisis While Capitalizing on the Internet Boom – Ready to go Online Franchise / Affiliate Marketing…if you want to work with us one on one click the link below to get access to the replay