10 steps to take if you want to retire in 10 years

Include these steps in your overall retirement plan….

  • Review your social security account at: http://www.ssa.gov/myaccount/
  • Make sure your account looks correct and get an estimate of the benefits you’ll receive.
  • Save as much as you can now – max out your 401K savings; IRA accounts; and other investment savings. These are your high-earning years – use them wisely.
  • Eliminate as much debt as possible and try not to take on any new debt.
  • Take a look at your expenses. Where is your money going now? Review your bank statements and credit card statements? Prepare n estimated summary of your expenses. Where can you save money? (e.g., restaurants, entertainment, vacations?)
  • Come up with an estimate of how much money you’ll need annually to live on for your retirement.
  • Review your insurance needs, including long-term care. (We have some exciting new hybrid options that you may want to hear about.)
  • Take a look at your current portfolio – is it diversified enough? Do you need to rebalance your investments or change your risk level? Do you know what fees you’re currently paying?
  • Make sure you have your financial plan in place. You need to understand where you stand right now and what investment options there are for your future. This will help you come up with a clear vision for your financial needs and goals…and to help you achieve your financial objectives.
  • Contact me to be sure your retirement plan is on track!