A recent survey by AARP found that many Americans over 50 don’t feel confident about their finances. However, if you follow these 3 specific strategies, as explained by our financial advisor Sean, you will certainly feel more in control, and you’ll be setting yourself up for a financially happy retirement. Here’s a look at those three strategies:
1. Utilize the Bucket Strategy: segment your money based on time horizon which will allow you to grow your savings while still paying the bills
2. Consider Semi-Retirement: According to data from the Bureau of Labor Statistics, the number of people 75 and older who are still working is expected to grow by 96% by 2030
3. Have a Plan (crunch the numbers): only 42 % of people have ever calculated what they’ll need to live on in retirement. First step, make a budget. Then, create a plan that allows you fund your ideal retirement
If you have any questions about how to finance your retirement to make sure you don’t outlive your money, pleas give Sean a call at 603-715-2335 or click HERE to schedule time directly on Sean’s calendar.