LIFESTAGES - PRE-RETIREE
Now that your child or children have either moved away to college or are otherwise out of the house, itís time to refocus on yourself.
While itís easy to use the newfound time Ė and, quite likely, lower expenses Ė to pick up new hobbies or finally take that long-delayed vacation, itís also time to re-examine your budget and concentrate on your retirement savings.
Making sure your retirement years are financially secure takes consistent saving and realistic planning. Even if you start funding your retirement early, once you reach that home stretch Ė that last 5-10 years of full-time work-youíll want to especially proactive so you stay on track.
For help determining the best practices and products for sound and productive money management during your particular life stage, please contact us at email@example.com.
Tips to get started:
- Get organized. Locate our important financial papers, update them, organize them and let your family members know where to find them.
- Take advantage of catch-up contributions to fund your retirement accounts. Once you reach age 50, you may want to step up your retirement savings.
- Practice spending more time doing what you plan to do at retirement. This will help you determine if you're ready to make the transition.
- Check your Social Security account annually so you'll know how much Social Security you can expect to recieve each month.
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