Plan For Your Retirement
North American Precis Syndicate
A comprehensive, easy-read book advises people approaching retirement on major financial decisions that can profoundly impact lifestyle over the next 40 years. (NAPS)
(NAPSI)—If you’re like 82 percent of Americans, you may be
concerned about retirement, according to the Employment Benefit Research
Institute. Fortunately, you may have a brighter future if you heed five hints
from Ray LeVitre, CFP, author of “20
Retirement Decisions You Need To Make Right Now” as well as founder and
managing partner of Net Worth Advisory Group—a firm specializing in
retirement financial planning.
1. Track your expenses now.
Gradually adjust your expenditures toward the budget you’ll have in
2. Start living like a retiree.
Change your lifestyle to reflect how it might be in retirement. That might
mean downsizing your home, reducing your leisure travel or driving a more
3. Increase your savings.
Within 15 years of retirement, contribute a minimum of 15 percent of earnings
4. Explore your Social Security
options. Postponing benefits until age 70 can significantly boost
lifetime income. Explore spousal benefits, too.
5. Don’t invest too
conservatively. A broadly diversified, well-balanced portfolio of
equities, bonds and cash offers the best opportunity to maintain the
necessary growth of capital while minimizing volatility.
Further insights and advice are at www.NetWorthAdvice.com.
The book can be ordered from Amazon.
On the Net:North American Precis Syndicate, Inc.(NAPSI)