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sloppy investment portfolio with no objective, time horizon, or defined risk tolerance could take your retirement The first step in de-cluttering your financial mess is determining what your targeted retirement number This requires you to calculate the following: Your Annual Budget Annual Income Planned Retirement Date After you find a reasonable dollar figure target for retirement, you still need to incorporate important messy financial trunk with comprehensive investment and financial planning and reach your Zen-like retirement

We need to distinguish between contributions to a Roth individual retirement account and the earnings and Estate Planning Documents What happens with your estate-planning documents when you move during retirement

Inflation decreases the value of your savings and will continue to do so long after you retire. How do you know how much income you will need post-retirement? There is not a one-size-fits-all approach to knowing how much you will need in retirement. Solid retirement planning makes all the difference when it comes to your purchasing power. By taking an active role in your estate plans, you will feel more empowered about retirement.

CNN Money’s article, “The retirement crisis facing Hispanics,” reports that part of the reason for this is that many Hispanics—especially those in low-wage jobs—don’t have access to retirement plans. Low rates of participation contribute to low rates of retirement savings. As a result, many Hispanics rely on Social Security as their sole financial support in retirement. When they do have access to employer retirement plans, Hispanic workers generally don’t contribute as

When we’re all trying to save more money for retirement, the options can be confusing. The answer is, of course, that any retirement savings plan is better than none at all. already, your current tax bracket, and your financial expectations in retirement. What retirement savings do you have already? How close are you to retirement?

This means that you are short-changing your retirement account and losing out on employer matches, and Not saving for retirement. “I’ll start saving for retirement when I make more money,” many folks say. as less expensive in-state schools instead of tapping into your retirement nest egg. No one plans to go broke in retirement, but it can happen by not saving enough to begin with.

According to a recent article from The Motley Fool entitled “Planning for Retirement When You’re Single Healthcare costs in retirement can be a significant financial hardship. The average couple retiring in 2015 at age 65 can anticipate spending about $245,000 on healthcare costs in retirement, not including long-term care expenses. Reference: The Motley Fool (January 26, 2016) “Planning for Retirement When You’re Single” #HoustonWills

There’s been time to establish an emergency fund, save for retirement and build a career. Insurance and estate planning have taken on greater importance, and retirement is no longer so far away money aside for the children’s college education, but your retirement savings needs to come first. Plan on at least 15% of income to be set aside for retirement—25% would be better. Expenses will probably change in retirement, but they can be hard to predict.

According to a recent article from The Motley Fool entitled “Planning for Retirement When You’re Single Healthcare costs in retirement can be a significant financial hardship. The average couple retiring in 2015 at age 65 can anticipate spending about $245,000 on healthcare costs in retirement, not including long-term care expenses. Reference: The Motley Fool (January 26, 2016) “Planning for Retirement When You’re Single” #Pearland

As you get nearer to retirement, there is more pressure to plan ahead. After all those years of working, it’s hard not to dream of retirement. When you retire, your amount of financial risk needs to change. retirement age (or even longer)—when they would have received bigger monthly checks. #RetirementPlanning #SocialSecurity

usually means coming to an agreement about where to live, whether to have kids, and possibly even when to retire Retirement is something so many people look forward to; especially with your significant other. your debts, your savings, property that is owned, investment accounts, insurance policies, and any retirement These kinds of dreams are not as fun to consider as your retirement plans, but they are just as important

Your future premiums will need to be paid with your retirement income. LTC is a major threat to a person’s retirement income, so if your assets average more than $80,000 and Understanding Long Term Care Insurance” #AssetProtection #LongTermCareInsurance #LongTermCarePlanning #RetirementPlanning