We explore several strategies for spring cleaning your retirement plan. Retirement planning deserves regular attention and adjustments as your life circumstances and the economic landscape evolve.
• Reviewing retirement accounts regularly to check balances, investment allocations, and risk levels based on your age
• Considering contribution limits and ensuring you're at least capturing employer matches
• Examining your savings rate and finding ways to increase contributions by cutting unnecessary expenses
• Defining your retirement vision including lifestyle expectations to better estimate your financial needs
• Developing a comprehensive Social Security strategy that plans to maximize benefits for your situation
• Paying down high-interest debt before retirement while strategically managing low-interest obligations
• Implementing tax planning strategies like Roth conversions to help to minimize taxation in retirement
• Creating "buckets" of money specifically designed for retirement income rather than growth
• Consulting with a retirement planning professional to coordinate all aspects of your retirement strategy
Have a topic or question you'd like Mark and Evan to address in a future episode? Email us at info@masterplanretire.com or call 770-980-9262.
https://masterplanretire.com/
Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes
Listen to Mark Fricks on Saturdays at 8:30 a.m. EST on AM920 WGKA and 12:00 p.m. on XTRA 106.3FM WFOM.
Sign up for one of our upcoming events at https://www.masterplanyourretirement.com/events
Purchase Mark's Book, The Road Less Traveled: Turning Your Retirement Worries Into an Excursion of a Lifetime on Amazon.com https://a.co/d/4fx94Al
Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance, tax and commodities services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants. The aforementioned are affiliated companies.
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