Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
A good retirement plan should first start with a commitment to a disciplined deposit schedule, i.e pay your self first. Then you need to develop a a financial profile that includes a risk assessment analysis based on your financial goals and the time to achieve them. If you're in a high tax bracket, you my want to consider a qualified defined contribution plan like an IRA or SEP IRA if your employer doesn't offer a retirement plan. Make sure that the savings and investment products are suitable for your financial profile and risk tolerance.
A good retirement plan is a financial plan with retirement as a focal point. There are a number of moving parts and it is much more than just the amount to save. The first step is deciding what does a successful retirement look like to you and then taking the steps necessary to accomplish your objectives.
Money is not the only thing, but the sooner you start the sooner you let the power of compound interest work for you.
If retirement is on the horizon the retirement planning checklist will be helpful. http://www.jpw.ca/retirement-planning-checklist.html
If you have any questions please do not hesitate to contact me.
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Money is not the only thing, but the sooner you start the sooner you let the power of compound interest work for you.
If retirement is on the horizon the retirement planning checklist will be helpful. http://www.jpw.ca/retirement-planning-checklist.html
If you have any questions please do not hesitate to contact me.