GET STARTED NOW! It’s Never Too Late to Plan Your Retirement
The way people retire nowadays is a bit different than what it used to be. On the surface, retirement planning has not changed too much — you work, you save, and then you retire. While the mechanics may be the same, retirement planning now comes with a whole new set of complex factors.
idea of when (or if) you want to retire, and still have time to make adjustments, if needed, or even boost your savings before you retire.
It can be overwhelming for some, but if you focus on what you can control and develop a comprehensive plan, you can be just as successful.
KICKSTARTING YOUR PLAN While starting to save early is a great idea, it is okay to set money aside for more immediate needs and focus on saving when you’re older. Some things to keep in mind when starting your plan include the following:
You will need to think about how much
everything will cost, and though we don’t know what prices will be like in the future, it’s important to plan for higher prices in the years ahead. This can include the following: • Housing costs — rent, mortgage, heating, water, and maintenance • Health care costs • Day-to-day living expenses — food, clothing, transportation • Entertainment — restaurants, movies, plays, and personal hobbies. There are few things that are more nerve-wracking than the thought of outliving your resources, and if your retirement savings are not managed properly, it can be inadequate for your needs. But this is fully within your control, and you can decide what is best for you for a successful retirement.
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Create a budget.
• Set automatic transfers between checking and retirement accounts. • Create an emergency account that allows you to cover any unexpected expenses, such as a broken water heater, without throwing your retirement plans out the window. • Pay down debt so you can be debt-free in your non-earning years. SAVING FOR RETIREMENT Whether you plan to retire early, late, or never, having an adequate amount of savings can make all the difference. The last decade or so before you plan to reach retirement can be especially crucial. By then, you may have a good
YOUTUBE TEACHES ME AN INVESTMENT LESSON Darin Garman, ‘Banned in All Countries’!
The other day, I got a strange email in my inbox. The subject line said, “You have been banned in all countries.” This was NOT junk mail or spam. It was a legitimate email from YouTube telling me that one of my videos had been “blocked and banned from being viewed in all countries.”
The thing is that this isn’t an isolated YouTube incident. If you have ANY INVESTMENTS accessible online, you can lose access at any time — just like I lost my video. You have no control. Someone can pull the plug on the website (or even pull the plug on you!) without warning. That’s why it REALLY PAYS TO KNOW THE PEOPLE WHO RUN THE SHOW. If you don’t have access to the team behind your investments, you’re setting yourself up for trouble and possible disaster. It’s not a matter of if it will happen but when . This is why so many investors choose to team up with my team and invest in apartments in the Heartland. If there’s ever a problem, they can talk to a real person who cares and understands, not some chatbot or receptionist No. 5,000 at a big company. You always have access to my team. In good times, in bad times, and whenever needed. That is just the way we do things here in the Heartland. So, be careful out there … especially on YouTube! You could be doing great one day and “yanked” the next. –Darin
As you probably know, I like posting personal and professional videos. This particular video I posted over Christmas was about the Garman Family Bench Press Tournament. Each Christmas, our family has some kind of competition. We’ve done flag football, races, and exercise contests. That particular year’s contest focused on who could bench press the most — and during the competition, I had music playing in the background. Look, you have to have music when you’re having a weightlifting contest, don’t you? Evidently, the band AC/DC’s legal beagles took offense. Their music is copyright protected, so YouTube took my video down. No warning, not even a “sorry about this, but we have to do it.” Just an email saying I’m suddenly “banned in all countries.”
2 DARINGARMAN.COM
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