The importance of planing for retirement and money management for people of all ages

Credential Investments Ten reasons why financial planning is important Financial planning helps you determine your short and long-term financial goals and create a balanced plan to meet those goals. Here are ten powerful reasons why financial planning — with the help of an expert financial advisor — will get you where you want to be. Increase cash flows by carefully monitoring your spending patterns and expenses.

The importance of planing for retirement and money management for people of all ages

Turning 13 means shedding the kid stuff and acting more like an adult or at least attempting to. We can legally buy alcohol at Tom Brady, at 41, is still the starting quarterback for the New England Patriots! Birthdays really start to matter again at age Catching Up 50 marks the age where investors get a bump in the amount they can contribute to retirement accounts.

The same goes for k s, plans, and b s. Social Security Window Opens 62 is the earliest age you may begin collecting Social Security benefits. If financially possible, however, it is usually smart to avoid doing so. Signing Up for Medicare You are first eligible to sign up for Medicare during a seven-month period that begins three months before your 65th birthday, and continues for four months afterward.

The importance of planing for retirement and money management for people of all ages

Turning 65 also opens the window to sign up for Medigap policies that may suit your needs, and the timing is once again crucial—you must sign up within an eight-month timeframe of turning To note, you could actually continue to defer your Social Security benefits until age 70, and your benefit would actually continue increasing.

A general rule of thumb with Social Security is to wait and defer if you can. It's a little more complicated if you were born between and  · Much is written of the importance of personal retirement planning, but the value of corporate retirement plans is often understated.

All Money Banking & Insurance The Importance Of /the-importance-of-retirement-plan-advisors. In addition to helping my own clients thrive, I strive to positively impact the lives of the people I meet by educating them on the importance of financial planning, building a healthy relationship with money, and effectively planning for the  · Youth is wasted on the young.

Often, money is, too. Back in my corporate days, when I managed scores of retail stores and hundreds of employees, I stressed the importance of planning for retirement—as well as saving for future goals—with every person I 10 Essential Documents for Retirement.

Topic: Retirement Written By Joseph R. Hearn.


When planning for retirement, most people focus on saving, and rightly so. Having enough money to fund your retirement dreams is a key element to any plan. Often overlooked, however, is the importance of obtaining and organizing important /essential-documents-for-retirement.

Breaking your life into nine stages can help you compartmentalize your retirement-planning 9 Important Ages for Retirement Planning.

separate from retirement planning. But for many people. Retirement income planning. Stay secure in retirement. If you are at the crossroads and thinking about retirement, here are some things you can do to secure your financial /retirement-income-planning.

Ten reasons why financial planning is important | BlueShore Financial