Financial Information

Let’s face it – unless you’re a savvy saver, you’ve probably lost sleep over your impending retirement at some point or another.  Maybe you’re worried that inflation will eat away at your 401(k) retirement fund, or you won’t be able to afford rising medical costs in another decade or two.  Whatever the case may be, it’s time to acknowledge some ingenious solutions that will improve the health of your retirement savings – not to mention help you to sleep better at night!

 

When it comes to a smart and comfortable retirement, you’ll want to pay off any toxic debt before you hit your retirement age; this means that any credit card debts you have will need to be tackled before you can give that retirement speech.  If you’re approaching your estimated retirement age, devote a larger portion of your income to paying off those credit cards; you don’t want your hard-earned savings and investments going towards toxic debts instead of the possibility of a Florida retirement, do you?

 

It’s easy to give in to worry if you don’t have a firm idea of what your retirement assets include; if this sounds familiar, then schedule a meeting with your investment advisor and get a hold on where you are at this current point in time.  Additionally, if you’re worried about Medicare, make sure that you have a health insurance policy that will cover long-term hospital stays, which Medicare doesn’t cover.  If you’re still worried about healthcare costs in your retirement, take a proactive stance by taking care of both body and mind.  Eat a healthy diet and get plenty of exercise, and you’ll hardly have a need for those health insurance worries!

 

Additionally, make sure you plan ahead for that transition from employee to retiree.  In many cases, it can take some time before your savings and investments become cash in your bank account, so don’t let this transition knock you out of your stride.  Your registered investment advisor should be able to help you with this all-important transition.

 

For more information on smart retirement planning, visit www.kenhimmler.com, the IRA and 401(k) experts

 

 

 

Authored by Kenneth Himmler, Sr.

Tags: 401k retirement, florida retirement, investment advisor, retirement, retirement age, retirement savings, savings and investment

This entry was posted on Thursday, May 21st, 2009 at 6:35 am and is filed under Financial Information. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.