Retirees who maintain a relationship with a financial professional have more savings, less debt, and greater financial security, according to a research brief by the Insured Retirement Institute. Insured Retirement Institute (IRI) Frank O'Connor #InsuredRetirementInstitute #IRI #research #financialservices #financialguidance
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Smart Money Strategist / Empowering women to feel confident about their financial future / Creating generational wealth / The majority of my clients are women, but I also enjoy working with qualified men.
Creating Retirement Income The Smart Way A 5-step process that creates an income plan focused on protecting your savings from key retirements risks. 1-IDENTIFY- Determine your current financial status Collect the latest statements and documents from your retirement accounts 2-PROTECT- Maximize Guaranteed Lifetime Income Explore the sources that will protect your retirement income. Maximize your Social Security benefits and discover your optimal retirement age. Consider fixed index annuities as an additional source to cover basic living expenses. 3-REDUCE- Minimize Income Taxes Assess your current tax liability. Explore tax-advantaged options to distribute your money in the most tax-efficient manner. Consider indexed universal life to help supplement your income during retirement while keeping your family financially protected. 4-INVEST- Grow Surplus Assets Explore your investment options with your financial strategist. Execute a goal that works towards growing your surplus assets in strategies that will enhance your overall wealth. 5-MANAGE- Do an annual review. Meet with your strategist every year to affirm your retirement income plan still aligns with your goals. Identify any areas for needed adjustments and update your plan accordingly. #womeninspiringwomen #womensupportingwomen #womenandwealth #smartmoneystrategist
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https://lnkd.in/gqsFhdJb "1.Not saving enough for retirement. 2.Making too many withdrawals during your early retirement years. 3.Starting retirement too early. 4.Generating a high tax bill that erodes spending. 5.Relying too much on Social Security. 6.Helping too many family members. 7.Focusing on financials but overlooking emotions. 8.Making random and risky investments."
8 Retirement Horror Stories
money.usnews.com
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Here’s something to think about: 58% of retirement savers from all age groups, including current retirees, say that outliving their assets is their greatest retirement fear, according to a study by Cerulli Associates, a financial services research organization. If you share this fear, how can you alleviate it? For starters, estimate how much money you’ll need during retirement so you can plan your financial strategy. If you haven’t retired yet, try to boost your financial resources by contributing as much as you can afford to your IRA and 401(k). And, if possible, delay taking Social Security until your full retirement age so you can collect full benefits. You might also consider re-entering the workforce on a part-time basis. You could boost your cash flow and potentially contribute more to your retirement accounts. And when you’re retired, look for ways to cut your expenses. One possibility is downsizing your living arrangements. Finally, see if you can adjust your investment portfolio to provide more income-producing opportunities. The more you can bolster your financial security before and during retirement, the less you may fear outliving your money. This content was provided by Edward Jones for use by Richard Edgett, your Edward Jones financial advisor at 210-558-3150. Member SIPC
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6 Retirement Financial Myths to Avoid: https://ow.ly/RzmC50SVOH6
6 Retirement Financial Myths to Avoid
morningstar.com
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We recently took a look at attitudes to retirement in the UK. One of the key findings was that people who get involved in financial planning are three times more likely to feel positive about their finances than non-planners. The same report indicated that, on average, people start to take a keener interest in retirement planning from age 36. However, more than half of the retired people surveyed say that they wish they'd started planning for retirement earlier. Your retirement finances, though important, aren't the only reason for financial planning. There are good reasons for building healthy financial habits at every stage of life, and planning is a good first step towards that. Whatever your age right now, an IFA can help you to develop a financial plan – whether that's looking towards increasing financial security for a growing family, planning for a comfortable retirement or thinking about how to transfer your wealth to the next generation. If you'd like the help of an IFA to get a clearer picture of your financial situation and develop a plan for your retirement you can get in touch with us here: https://lnkd.in/ehS9dfJm
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I’ve been a financial planner for 30 years and strongly believe that a good financial plan is so important to enable you to achieve your financial goals and objectives and reach your dreams. At any age….
We recently took a look at attitudes to retirement in the UK. One of the key findings was that people who get involved in financial planning are three times more likely to feel positive about their finances than non-planners. The same report indicated that, on average, people start to take a keener interest in retirement planning from age 36. However, more than half of the retired people surveyed say that they wish they'd started planning for retirement earlier. Your retirement finances, though important, aren't the only reason for financial planning. There are good reasons for building healthy financial habits at every stage of life, and planning is a good first step towards that. Whatever your age right now, an IFA can help you to develop a financial plan – whether that's looking towards increasing financial security for a growing family, planning for a comfortable retirement or thinking about how to transfer your wealth to the next generation. If you'd like the help of an IFA to get a clearer picture of your financial situation and develop a plan for your retirement you can get in touch with us here: https://lnkd.in/ehS9dfJm
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Retirement insecurity may be a scary headline, but with self-discipline, some savings, and time, happiness and financial freedom may be within reach sooner than you think. #FinancialFreedom #RetirementPlannning #RetirementSavings
You May Be Able To Retire Sooner Than You Think
advisorstream.com
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A new survey shows 47% of all retirees said that their expenses in retirement are higher than they expected. During annuity awareness month, let your clients know how annuities can potentially help ease financial strain in retirement by providing guaranteed income with principal protection. Need more information? Comment or send me a message. https://ow.ly/602Y30sEgp4 #AnnuityAwarenessMonth #Retirement
Americans Worry About Retirement Savings Shortfall: Survey | ThinkAdvisor
thinkadvisor.com
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Quite a scary report... Out of the 2,035 adults surveyed, almost half (49%) reported feeling uncomfortable with their retirement savings 😓 38% said it's unlikely they will achieve their retirement goals 😰 Those aged 25 - 49 were the least likely to have sought advice (90%) which is startling when you consider the impact and importance of beginning retirement planning as early as possible 😯 A part of the problem is the lack of financial education in schools, but thereafter a lack of understanding of where or how to seek proper financial advice 📰 We must do better at helping people gain control of their money, including: investments, retirement and overall financial plans... 🌟 If anyone wants to have a chat around what your journey could look like, drop me a message 📱 I have put a link to the report in the comments ⬇️ #retirementplanning #wealthmanagement
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Retirement insecurity may be a scary headline, but with self-discipline, some savings, and time, happiness and financial freedom may be within your reach sooner than you think. #FinancialFreedom #RetirementPlannning #RetirementSavings
You May Be Able To Retire Sooner Than You Think
advisorstream.com
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