Your Financial Planning Checklist for Retirement Income
by Jon Carry financial advisor
Summary: Your post-retirement days will be fun or forlorn depending on the financial planning you do today. So, plan for your post-retirement income at your young age with proficient financial advisors to enjoy in your old age.
‘Before you speak, listen; before you write, think; before you spend, earn; and before you Retire, Plan.’
The question isn’t at what age you want to retire; it’s what cash flow or income you want to generate in your happy retired-days. This article will share some quintessential tips on right financial planning for your golden years.
When you retire from your job or business and move to greener pastures where you want to enjoy with your grandkids or go on vacation; you just want to be happy, healthy and most importantly ‘wealthy.’ And when you think about retirement planning and a constant passive income post retirement, financial advisors are the people you need.
The founder of C&C Wealth Strategies, James & Lorraine Conaway emphasize on proper financial planning and help their clients create retirement income and wealth with the innovative retirement income strategies and real estate planning.
So, we’ve accumulated some of the significant points to help you plan your dream retirement income which will keep your mind at ease and bank accounts at a raise. You get more cheques than bills.
Check out your retirement financial planning checklist here,
#1 Understand Your Expenditure: First off, figure out your expenses by taking a close look at the things on which you spend your money. Do these things will serve you in the long run? Do these things and stuff add up to the planning and execution of your retirement income? Are these the necessities of your present? If the answer is “No,” then you know what to do; don’t waste your money on these materialistic items. Save as much as you can for smart investment options that will bring you financial stability a few years down the road.
#2 Think Long-term: Having long-term goals help you plan better for the future. You would think big and better.
People often fail to become rich or stay rich because they fall for “get rich quick” schemes and opt for other short-term plans that assure financial success and immense abundance. However, the most intelligent people think of the bigger picture and define long-term goals with their financial advisors and retirement planners.
#3 Seek Financial Freedom: Financial Freedom is not taught in the schools; however, it should be the prime goal of the millennium. If you plan in time and invest in IRA or real estate with the right financial planning to build more assets, you will be financially free before you retire. It will allow you to spend more time with your family, your hobbies, golf matches, vacation, and leisure.
#4 Learn Investment or Leave it to the Experts- Many people prefer investing in property through proper real estate planning, some go for share marketing, while some don’t want to risk their hard-earned money and stay on the safer side with mutual funds and Fixed deposits.
No matter which way you go, it’ll require some essential learning and investment skills to generate income from your money. Because when it comes to money, it’s better to be safe than sorry. Thereby, it’s better to trust your money with the experienced financial advisors and retirement planners who will make you aware about the investments, financial planning, and procedures to meet your long-term goals of regular retirement income.
It’s advisable to start your retirement income planning as soon as possible. However, if you’ve not started yet, you can still put your mind in action. Better late than never!
So, bid bye to your retirement woes with experienced professionals and financial advisors like James & Lorraine Conaway who are always there to pull you out from the panic and help you with retirement planning.
Source : https://www.nowarticles.com/your-financial-planning-checklist-for-retirement-income/
Created on May 7th 2019 22:21. Viewed 471 times.