Have YOU completed your Retirement Checklist? Watch and listen as Randy and Matt discuss the essential items to consider and important steps to take as you approach retirement! During the webinar we cover the following:

• How should I prepare for retirement in 2 to 5 years?
• How should I prepare for retirement in less than one year?
• Safe withdrawal rate in retirement… Is 3% the new 4%?
• Should you consider the lump-sum or annuity option?
• Could one bad year in the stock market delay your retirement?
• How should you prepare your investment portfolio for retirement distributions?

We hope this webinar is of help as you consider how and when to retire. As always, please do not hesitate to reach out with any questions or comments!

email us: thepricegroup@stewardpartners.com
call us: 281-612-3304…(read more)

LEARN MORE ABOUT: Qualified Retirement Plans

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retirement planning Timeline – February 2023

As we start a new year, it’s important to take a closer look at where we stand in terms of our retirement planning. Whether you’re just starting out in your career or are nearing retirement age, establishing a retirement planning timeline can help you stay on track and reach your financial goals for the future.

If you’re in your 20s or 30s, this is the time to lay the groundwork for a secure retirement. Building an emergency fund, paying down high-interest debt, and starting to contribute to a retirement savings account are key steps to take in your early career years. By starting early, you can take advantage of the power of compounding interest and give your investments time to grow.

In your 40s and 50s, it’s important to take a closer look at your retirement savings and make any necessary adjustments. At this stage, you should have a solid foundation in place, but it’s still important to reassess your savings goals and make sure you’re on track to meet them. Consider increasing your contributions to your retirement accounts, especially if you’ve experienced a boost in income. Take advantage of catch-up contributions if you’re over the age of 50, as this can help you make up for any lost time in your retirement savings.

As you approach retirement age – typically in your 60s – it’s crucial to have a clear understanding of your retirement income sources and how you plan to manage your nest egg. This is the time to consider when you’ll start taking Social Security benefits, how you’ll use your retirement savings, and if you’ll continue working part-time during your retirement years. It’s also a good idea to review your health care and long-term care plans, as these expenses can have a significant impact on your retirement budget.

In February 2023, take the time to review your retirement planning timeline and make any necessary adjustments. Consider meeting with a financial advisor to discuss your retirement goals, reassess your risk tolerance, and ensure that your investment portfolio aligns with your timeframe and risk level. By staying proactive and making the necessary adjustments, you can take control of your retirement planning and work towards a financially secure future.

No matter where you are in your retirement planning journey, it’s never too late to start or make adjustments to ensure a comfortable and secure retirement. With careful planning and regular assessments, you can set yourself up for financial success in your retirement years.