Tag Archives: Benchmarks

If You Can’t Meet Your Retirement Goals, Consider Tweaking Them

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Many financial advisors and wealth managers encourage their clients to have goals when it comes to retirement. Of course, that can mean different strokes to different folks. For example, one person may have a goal of saving a certain amount of money for retirement. Another person may want to save up to buy a retirement home in a warm weather locale. Another may want to have enough saved up to take a big trip every year. Whatever it is, it’s good to set a goal to work towards. However, the road to retirement can be long and along the way Continue reading If You Can’t Meet Your Retirement Goals, Consider Tweaking Them→

Get 2019 Started Off On The Right Financial Footing

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We are now officially more than 24 hours into 2019, which means it’s time to review your financial plans and set your goals for the year. As you review your financial plans, you should also review your beneficiary information and any associated paperwork. If changes need to be made, make them. You may also want to review your will as part of this process too and go about making any necessary revisions, should they be needed. When reviewing your financial plans and setting your goals, you may want to sit down with a certified financial planner and discuss your plans Continue reading Get 2019 Started Off On The Right Financial Footing→

It’s Time for a Year-End Review of Your Retirement Savings

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We are just about halfway through the final month of 2018, which means it’s a good time to review your retirement savings and plans. As you review your savings, don’t be afraid to ask yourself questions regarding your financial and retirement plans. Such questions may include: Are my retirement goals and benchmarks still feasible? Do I need to make changes regarding my investments or assets? Is my risk level something I am comfortable with or do I need to lower it? Am I able to put more money towards retirement? The answers to these questions should help guide your retirement Continue reading It’s Time for a Year-End Review of Your Retirement Savings→

Don’t Be Afraid of Saving for Retirement

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Saving for retirement can seem daunting, especially when you look at the numbers. So much advice is centered around having X amount saved at Y point in your life or having X amount saved when you retire. I’ve seen that advice and those numbers and let’s face it, they aren’t always realistic. Yes, you should strive to have $1 million saved when you retire and you should work to save twice your annual earnings by 35, 4x that amount by the time you are 45, 6x that by age 55, and so on and so forth. However, that isn’t always Continue reading Don’t Be Afraid of Saving for Retirement→

Don’t Lose Sight of Goals When Investing

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Chances are, if you have money in the stock market, it’s there for a purpose. Most likely, that purpose is to help your nest egg grow and provide some income during retirement once your current earned income stops. There are short-term and long-term approaches involved in this. When it comes to the long-term, it can be easy to lose sight of why you are investing over time, especially if you begin to focus on things such as beating the market. It’s such mindsets that can take you away from your goals and instead lead you to focus on bigger risks, Continue reading Don’t Lose Sight of Goals When Investing→

Just Because You Have a Portfolio Doesn’t Mean You Have a Plan

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It’s pretty easy these days to set up your own portfolio and start investing. There is more that one online source that offers even the most novice of investors an opportunity to build an investment portfolio at little or no cost. However, just because you have a portfolio does not mean that you have an investment or financial plan. A portfolio is really only created to service a plan and help you meet the financial goals of that plan–it is not the actual financial plan. The investment/financial plan is what provides the goals and benchmarks which you use to adjust Continue reading Just Because You Have a Portfolio Doesn’t Mean You Have a Plan→

Knowing Your Retirement Options

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There are multiple ways to save to retirement and many different tools to help you reach your retirement and financial goals. You could put your money into an employer-based plan or you could open an IRA or you could put you could use multiple accounts. Along with assessing your retirement goals and plans from time to time, you should also review whether you are saving your retirement funds in the right place (or places). You will need to do some research on this and learn about the different tools you can use to help you save for your twilight years Continue reading Knowing Your Retirement Options→

The Key Retirement Planning Rule? Be Flexible.

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It’s always a good idea to have a plan for retirement. Such a plan should include your goals and any benchmarks you desire to meet along the path to retirement and ideally should be written down. However, your retirement plans should not be too rigid. A lot can happen between when you start planning for retirement and actually retire. As life happens, you may find that your priorities shift and the goals and benchmarks that were once important to you may no longer hold the same weight over time. By being flexible with your retirement planning and making “course corrections” Continue reading The Key Retirement Planning Rule? Be Flexible.→