retirement planning for women, financial planning, [PARTNER FIRM] Management, Omaha, Nebraska

Are You 10 Years From Retiring?: 5 Easy Steps for Retirement Preparation

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

By Teresa Milner, Wealth Advisor

Ladies … listen up!… there’s still time …

Ladies, if you’re nearing the retirement chapter of your life, listen up! Have you thought about what that time looks like? If you could paint a picture of this part of life, what would be included? Does your picture contain lots of color or is it grey? How will you be spending your time? What kind of lifestyle will you live? What are you passionate about?

Now is the time for you to really stop and look at what you’ve created for yourself. You still have time to plan! Women, in general, spend their lives taking care of others, to a fault. We have in our minds that if we take care of ourselves, we are being selfish. But I’ve come to see that if I don’t take care of me, how can I possibly take care of others in my life?

Future Plans Won’t Wait

Spring has sprung and we are busy spring cleaning. When it’s rainy outdoors, we don’t hesitate to take an entire weekend to clean out our closets and storage rooms. When the sun is shining, we spend hour upon hour in our gardens and yards cleaning up what was left from last season – getting excited for the beauty of the warmer weather. If you are willing to spend that many hours on this stuff each spring, why aren’t you willing to dedicate time each year for planning for your retirement and your future?

I had to learn to plan for my financial future the hard way. I was one of those women that trusted my husband was taking care of that part of our life.  That plan backfired when we got divorced. Our life no longer existed, and I was on my own to put together the pieces of my financial health. Planning for retirement was a challenge I faced one step at a time.

Listen up! While you still have time on your side, take action with this very important part of who you are. Get a financial plan in place so when you arrive at the time in your life that you no longer earn a paycheck, you can continue with the lifestyle you’re accustomed to. Don’t wait until you are 3 – 5 years from retirement to ask yourself, “What’s next?”.

5 Tips for Financial Confidence

You don’t want to be a retiree that says I wish I had, you want to be able to say confidently I’m glad I did! Below are 5 simple steps to do now to gain confidence and clarity as you plan for retirement:

  • Know where your money goes. What comes in and what goes out. Are you living within your means? Where are you spending money that you should be saving for your future?
  • Take an inventory of your household. This list should include all bank/investment accounts, your home, any business interests, all debt, the mortgage, etc. This inventory will give you a clear picture of your net worth.
  • If you are employed, make sure you are participating in all benefits your company offers. This can typically be determined by speaking with someone in your HR department.
  • Risk management is vital in planning for all the what-ifs life deals us. Know what insurance policies are in force – life, long term care, disability, property and casualty, auto, etc. You need to know that if something happens, you’re prepared.
  • Work with a financial advisor you trust that has your best interests at the forefront. Your financial plan will be a living breathing document that your financial advisor should review with you on a regular basis. Because you are nearing retirement, make sure your advisor educates you on the risk you’re taking with your investments.

I encourage you to be a member of the I’m glad I did club! You still have time to plan for your retirement, so take action now! I’ve had enough experiences with clients to know this isn’t an area of your life to put off until tomorrow. Get in touch with an advisor to talk about a plan for your future that will give you confidence today.

Let’s talk!

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

Matterhorn Fit with Ryan Vesce, Episode #118

Ryan Vesce graduated from Cornell University in 2004 and went on to play 14 years professionally—over 700 games—across the NHL, AHL, KHL, and Europe. He is well known for his leadership, mental toughness, work ethic, and tireless drive to improve his game. Ryan had access to advanced healin …

Carson Investment Research’s Outlook ’23: The Edge of Normal

At long last, The Carson Investment Research team is proud to officially release our 2023 Market and Economic Outlook, aptly titled Outlook ’23: The Edge of Normal. You can download the whitepaper here. As you are all painfully aware, 2022 wasn’t pretty for investors – it was the first year …

What Documents You Should Provide to Your Tax Preparer

Mike Valenti, CPA, CFP®, Director of Tax Planning Tom Fridrich, JD, CLU, ChFC®, Senior Wealth Planner It’s January, so it’s officially tax season! One of the most common client questions heard by tax preparers is, “So, what do you need from me?” The short answer to that question is often, “ …

The Designer’s Creative Studio with Theron Skees, Episode #117

Theron Skees is a highly adaptive, solution-oriented creative executive with 30 years of experience assembling and leading multi-disciplined teams for both domestic and international projects in the Themed Entertainment Industry. Theron is a veteran of Walt Disney Imagineering and he has le …

1 2 3 132 133 134
retirement planning for women, financial planning, [PARTNER FIRM] Management, Omaha, Nebraska

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation

TweetsFollow Us