Planning for retirement is critical! However, most of us cannot even see retirement until we are 50 or 55, and by then we are on the downhill slope speeding toward our date with retirement. To compound this lack of vision, some of us will live in retirement longer than we have worked in our careers! Adding to these issues are the changes in the longevity of our careers. The average person works at the same job for less than five years, most of whom will spend their retirement savings several times transitioning from job to job until we are in our late 40's or early 50's.

Planning for retirement is critical but tricky! For decades now, credit approvals have loosened and this has created generations of chronic spenders. Living the consumption lifestyle has added to the challenges of retirement. The most recent of which is the statistic that over 21% of American's over 75 still have a mortgage. DON'T GIVE UP! Even though these challenges seem daunting, there are still things you can do and strategies to deploy to help you to reach your retirement goals! Call an M3 guide today, there is no time like the present!

"In the end, its not the years of your life that count, it's the life in your years!"

Steven Covey

Essential Retirement Components:

These products are the financial building blocks of any good Financial Map! If you are going to accelerate the pay-off of debt in your portfolio, this is definitely the place you want to start. Savings is the catalyst to any good Financial Plan! We should invest in things with similar risk to the things we are paying off.

Budgeting is a core component in any good Financial Plan! Learning to live within our means and getting out of debt are critical to maximizing wealth. The important part of building a budget is automating it so we know where we are at any given point in time. Automating our budgets helps us to consistently live within our means.

Debt is one of the most important factors in creating and sustaining wealth. However, with the proper tools we can not only eliminate our debt much earlier, but we can save hundreds of thousands of dollars over our lifetimes. We need to turn our debt payments into retirement savings! All it takes is a knowledge of the potential our debt holds and the discipline to develop the proper habits. 

Most of us have been taught by lenders to focus on the wrong things! We have been conditioned to concentrate interest rates instead of lending terms, putting the banks in a position of control. These tactics have stretched many to the breaking point with higher monthly payments and tight cash flow constraints to manage.

Risk Management is a critical part of any Financial Plan or Financial Map. How we choose to protect ourselves, our assets, our liabilities, and our important belongings is extremely important. 

Contrary to popular belief, the market works! Winning in the market takes several things: discipline, a solid investment strategy, an understanding of historical performance, spreading the risk with asset allocation, and long-term perspective!

Estate Planning is usually facilitated by a "rock solid" financial team comprised of: an experienced Estate Planning Attorney, an Accountant, and an Insurance Professional or Financial Guide. All of these financial experts must be available to develop the most comprehensive and effective Estate Plan. 

Planning for retirement involves coordinating several key financial components. Understanding the implications of the tax code is important and ever changing. Use these tax resources to assist you with your retirement plans.

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