Your Money:Financial Planning

Chances are your savings rate was calculated some time ago with assumptions that have now changed. It is a good idea to periodically run the calculation with updated assumptions so that you can keep your savings rate on track.   Here’s how:
 

Now that you’ve retired you have all the time in the world to travel or to pursue hobbies and interests you didn’t have time for while working.  But leisure time costs money.  Read on for some tips on how to enjoy yourself without burning through your savings.

 

The AARP recognized companies for providing "forward-looking" benefits packages to workers over 50 that include alternative work schedules, lifelong learning and career training opportunities, and a program that allows today's graying workforce to care for their own aging families.

 

Financial advisors are bound by law to recommend investments that are appropriate to your specific situation.  Information you provide on your new account form is analyzed by your investment advisor to determine which investment ideas will be presented to you.  But, have you provided the proper information to protect yourself from inappropriate recommendations?
 

Once that paycheck stops coming, you will be living off of your savings. Maybe you’re already there. If you are making only the minimum monthly payments toward your credit card debt, carrying a second mortgage, or both, it is time to regroup.  Take action before eroding that nest egg. Here’s how.