5 Ways You Can Motivate Your Spouse To Take Retirement Planning Seriously
Society as taken any type of planning for the future and almost cast it in a very dark & dreadful light. Retirement planning has fared no better, and the unfortunate result is that many people don’t plan ahead. Certainly this poses problems for an individual, but when it comes to couples planning for retirement, the results can be disastrous.7 Things Everyone In Their 30s Should Know About Retirement Planning
“Hindsight is always 20/20.” The truth is we usually hear it when we look back with regret at certain actions in our past. Perhaps the one most notable regret many individuals have is not having done enough retirement planning when they were younger.The IRS Retirement Loophole
Retirement for many is not a pretty picture, especially if you add in health care. Fortunately, there’s a “hack” you can apply to existing tax regulations that might allow you to a poverty-stricken retirement.Compounding Is The Best And Least Time Consuming Strategy
We all have busy lives, finding time to manage our investments is something you may not have time for. Some people would say ‘i don’t have time’, and will not invest. Huge mistake! The biggest threat to your income in retirement is NOT TAKING ACTION. In a COMPOUNDING strategy, one of your best ‘allies’ is TIME. The longer you are invested, the bigger your account becomes.Compounding Your Way To Retirement Using A Savings Plan
One of the easiest ways to ensure you have enough money at retirement is to start a regular savings plan as soon as possible. TIME,YIELD and CONSISTENCY of DIVIDENDS are the three key reasons that COMPOUNDING works so well.