It's never too early to start thinking about retirement! In your 20s and 30s, start putting money aside for your retirement now. Here are some tips to get you started: 1. Make a plan: Set a retirement goal and make a plan so you can reach it. 2. Start saving early: Time is money, so create a budget and find money to save for retirement. 3. Maximize your savings: Invest in a retirement account and take advantage of tax benefits. 4. Utilize employer plans: Take advantage of employer match programs and retirement plan savings options. Start planning for your future today and save for a secure retirement with these tips! 🤑#SavingsTips #RetirementSavings #SecureFuture For more information about "saving for life after work" check out https://ow.ly/EM8b50Rmcuh

Welcome back to our Mid-Year Check Up Series with Retirement!⭐ Consistently contributing to a retirement plan is a vital component in reaching your financial goals for retirement. Many employers offer retirement plans in which you can defer a percentage of your wages each pay period. Your employer may also provide matching contributions. If you’ve received or expect to receive an increase in salary or a bonus this year, it’s a good time to increase the amount of your contribution. It’s far more painless to do it before the increase gets absorbed with normal lifestyle expenditures. If your employer does not offer a retirement plan, you can open a traditional IRA or Roth IRA retirement account through your Flatwater wealth advisor. We would be happy to talk with you regarding your unique situation. You can set aside a minimal amount each month or as much as allowed under the IRS limits for 2024: $7,000 for those under age 50 and $8,000 for those over age 50. Call us today! #FlatwaterWealth #RetirementPlanning #MidYearCheckUp #RetirementSavings #WealthManagement #Investing #FinancialFreedom #FinancialSecurity

Retirement might seem far away, but planning early is key to enjoying your later years stress-free. Here’s how to get started: – Define your retirement goals: What does your ideal retirement look like? – Calculate the required funds: Estimate how much money you’ll need based on your lifestyle choices. – Maximise your super: Take advantage of compounding interest by increasing your contributions. – Consider other income streams: Investment properties, stocks, and other passive income options. – Review and adjust regularly: As your life changes, so should your retirement plan. Get in touch for a comprehensive retirement planning session and achieve your #RetirementGoals https://bit.ly/3VfW6qa #tailoredlifetimesolutions #valueofadvice #financialplanning #financialplanners #agedcare #agedcareplan #budgetingtips #melbourne

Retirement planning requires a personalized approach because no two retirees are the same. Rather than fixating on an exact savings target, focus on aligning your retirement preparations with your individual situation. Here are some key considerations: 💵 Spending tends to decline in retirement - the average decline in total expenditures is nearly 50% for those over 65. 💵 You may live longer than you think - plan for a longer lifespan to ensure your savings last. 💵 Deferring CPP and OAS can add up - ensure your other income sources can cover the gap. 💵 Review your retirement plan regularly and adjust as needed if your financial situation, lifestyle preferences, or economic conditions change. Want to feel more knowledgeable and confident about your finances, but don’t know where to begin? Let’s talk to ensure your financial plan reflects the future you want to realize. #RetirementPlanning #FinancialPlanning #FinancialAdvisor #WealthAdvisor #FinancialFreedom #Retirement

The 25x rule is derived from the 4% rule, which suggests you can withdraw 4% of your savings annually in retirement. To apply the 4% rule, you’d need a retirement corpus of 25 times your annual expenses. While this is a good starting point for estimating retirement needs, it doesn’t account for personal circumstances such as health, lifestyle, inflation, or investment returns. It’s important to personalize your retirement planning by considering these factors and possibly revising the 25x rule based on your unique situation. Thumb rules are useful for quick estimates but should not replace detailed financial planning. You can calculate your retirement corpus more accurately here: https://lnkd.in/eb45nuYZ ☎ Please get in touch at +91 90510 52222 for any queries. 🔗 For disclaimer, visit: www.daycoindia.com #daycoindia #daycosecurities #retirementplan #retirementplanning

Planning for retirement is tricky! There is a lot you don’t know and yet there is a lot you have to account for :( Thankfully there are some simple strategies one can deploy early. With time, consistency and regular check-ins, it can truly be your golden years. #retirementplanning #retirementstrategies #getretirementontrack #goldenyears https://lnkd.in/g9cEPYYM

Don't wait until it's too late to plan for retirement! Retirement planning isn't just for those nearing retirement age. Whether you're under 50, 50-62, or 62+, we can help you develop a personalized plan for every stage of your journey. Here are some key tips by age group: Under 50: Envision your ideal retirement lifestyle. Start saving early and consider a Roth IRA. Age 50-62: Refine your retirement goals and catch up on savings if needed. Consider consolidating retirement accounts and plan for healthcare expenses. Age 62+: Make strategic decisions about Medicare, Social Security, and withdrawals. Diversify your income streams and create a sustainable withdrawal strategy. Ready to get started? We can answer your questions and help you reach your retirement goals. #RetirementPlanning #FinancialPlanning #GladesWealthPartners P.S. Check out the article here: https://bit.ly/4dIAuJ1

𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵𝗶𝗻𝗴 𝗿𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁? Now is the time for you to start thinking about enjoying a comfortable life when you stop working. If you haven’t already done so, now is also the time to start thinking about your income in retirement, and how long it may need to last. 💰 Download your copy of ‘𝗬𝗼𝘂𝗿 𝗿𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗰𝗵𝗼𝗶𝗰𝗲𝘀: 𝗛𝗼𝘄 𝘁𝗼 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗲 𝗮𝗻 𝗶𝗻𝗰𝗼𝗺𝗲 𝗶𝗻 𝗹𝗮𝘁𝗲𝗿 𝗹𝗶𝗳𝗲’ now, to find out your four main options. #RetirementIncome #Retirement #Finance #FinacialAdvice #IFA https://lnkd.in/e3VdAUH8

Do you know how much you can safely spend in retirement? We always say there are two ways a retirement plan can fail, but people usually only think of the first—running out of money. That’s what causes anxiety and sleepless nights. However, there’s another way a retirement plan can fail—waking up at age 90 with millions of dollars and wishing you had known this outcome back in your 60s and 70s, when you could have done many things differently. This leads to regret. When we build a Retirement Income Plan, we address both concerns. First, we identify the maximum amount you can spend on a monthly or annual basis. Then, we create an “Income Adjustment Plan” to ensure you never run out of money. #RetirementPlanning #FinancialPlan #WealthManagement

Don't wait until it's too late to plan for retirement! Retirement planning isn't just for those nearing retirement age. Whether you're under 50, 50-62, or 62+, we can help you develop a personalized plan for every stage of your journey. Here are some key tips by age group: Under 50: -Envision your ideal retirement lifestyle. -Start saving early and consider a Roth IRA. Age 50-62: -Refine your retirement goals and catch up on savings if needed. -Consider consolidating retirement accounts and plan for healthcare expenses. Age 62+: -Make strategic decisions about Medicare, Social Security, and withdrawals. -Diversify your income streams and create a sustainable withdrawal strategy. Ready to get started? We can answer your questions and help you reach your retirement goals. https://bit.ly/4d85Etq #RetirementPlanning #FinancialPlanning #GladesWealthPartners