Probably the most important asset you have is your retirement fund.
In some cases, it is larger than the equity in your home.
Do you spend as much time working on your IRA's and 401(k)'s as you do working around your house?
Have you made any improvements lately or made any preparations for the future?
I recommend you put a "Retirement Fund Review" at the top of your "Honey-Do" list for next weekend.
This is a great time to get prepared for the end of the fiscal year.
And it's a great time to get a jump start on getting the most from next year's tax laws and benefits.
If you are an avid follower of my blog, you know that I have a commitment to bring you expert advice on the most important topics affecting your life as we creep towards retirement.
Is there anything more important than making sure your money is safe
and working for you?
William is a Financial Advisor with "Ameriprise Financial" in San Diego.
I first met William at the AARP "Ideas at 50+" Expo in San Diego.
Right off the bat, he impressed me with his warm personality, eagerness to help and obvious extensive experience in the financial services industry.
Besides that, he is an Illinois college Graduate (Western Illinois University, Macomb, IL) like me (University of Illinois, Champaign-Urbana, IL), he loves to coach Little League and his son, Nick, is a professional baseball player recently called up by the San Francisco Giants.
What a small world.
I probably saw his son playing in Spring Training this year in Phoenix.
Anyway, William has been kind enough to accept my offer to be a resident adviser on all things financial on my blog.
Thanks to William, I will be bringing you articles and blogs, from time to time, that I think are important to you.
Other than your health, your financial state has the single most direct effect on the personal enjoyment and comfort you will experience as you grow older.
That's why I am passionate about making sure you have the right information and a resource to turn to with your questions.
Here's a great article from William discussing the challenges of "Retirement Withdrawal Rates."
During your working years, you've probably set aside funds in retirement accounts such as IRAs, 401(k)s, and other workplace savings plans, as well as in taxable accounts. Your challenge during retirement is to convert those savings into an ongoing income stream that will provide adequate income throughout your retirement years.
Your retirement lifestyle will depend not only on your assets and investment choices, but also on how quickly you draw down your retirement portfolio. The annual percentage that you take out of your portfolio, whether from returns or the principal itself, is known as your withdrawal rate. Figuring out an appropriate initial withdrawal rate is a key issue in retirement planning and presents many challenges.
READ MORE HERE............
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The more Baby Boomers we can help, the better place we make this world !!!
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