Mattson Financial Services - August 2018

HOW TO BOOST YOUR RETI

WHEN YOUR FUNDS ARE LOWER THAN THEY SHOULD BE

Having money saved is crucial for adults aged 50 or older who plan to retire in the near future. Some people are prepared for retirement, having saved a sufficient amount throughout their lives. However, there are people who, despite having tried to save, come up short in their retirement funds. This can send them into a panic. Women account for the largest percentage of people who don’t have enough money in their retirement savings by the time they reach the age of 50. A survey produced by the nonprofit Transamerica Center for Retirement Studies shows that many women who reach retirement age will not have adequate funds to support themselves. Despite having a higher savings rate, the average amount women have saved at the age of 50 is about $35,000, compared to $120,000 for men. What’s the reason behind this? According to the survey, women often have a large gap in their financial savings at some point in their lives. They are more likely

to work part time or stop going to work to take care of family members in need. By working less, women tend to earn less money, which prevents them from putting away sufficient funds for their retirement. This also affects whether or not they are covered by their employer’s retirement benefits, since most employees are required to be full-time in order to receive any benefits. If you’re nearing retirement age, don’t fret — you still have options available to you. If you’re working, look into your company’s retirement plan, especially if they offer a 401(k). According to the IRS, those who qualify (i.e., someone who joins the plan and is 50 years or older) can contribute up to $24,500 a year. To learn more about what options are available, it’s crucial you speak to a planning specialist. By working with someone who understands retirement, you’ll create a solid plan and ensure that you successfully enter and enjoy your retirement.

THE PROFOUND SIMPLICITY OF ‘Getting Everything You Can Out of All You’ve Got’

the basics of business. By returning to and interrogating the building blocks of growth, he is able to deliver the sort of timeless wisdom most business authors only dreamof being able to capture. What makes“Getting EverythingYou Can”stand out is the simplicity of the ideas it presents. In fact, Abraham’s central thesis is that our tendency to overlook or dismiss the mundane, everyday aspects of our business is what keeps us from seeing its real value. As Abrahamputs it,“You are surrounded by simple, obvious solutions that can dramatically increase your income, power, influence, and success.”Finding those solutions is what“Getting EverythingYou Can”is all about. What makes Abraham so successful as a business coach for small companies and international brands alike is his practical, methodical approach, which shines through in this book. You won’t find banal platitudes or sweeping summations within these pages. Instead, Abrahamuses direct, approachable language to outline clear, actionable steps to

get you to“recognize the income- and success- increasing connections that are all around you.”

With this workmanlike approach,“Getting EverythingYou Can”breaks down success in business into its component processes: attracting new clients, increasing the average size per sale of a client, and boosting client retention. These three aspects of success, according to Abraham, hinge on your ability to leverage a“unique selling proposition,”or USP. Put bluntly, a USP stems from the aspects of your business that make it stand out from the competition—what you bring to the table that others can’t. owners are often blind to the real value of their company. Seeing what truly makes your brand unique requires looking at old problems in newways and fundamentally shifting your perspective on the basics of running a business. Finding solutions hidden in plain sight is no easy task, but“Getting EverythingYou Can Out of All You’ve Got”is committed to getting you there. Identifying a USP sounds like a simple-enough concept, but as Abraham explains, business

Jay Abraham’s“Getting EverythingYou Can Out of All You’ve Got”is one of those evergreen business books every entrepreneur should pick up at some point. Rather than latch on to fleeting business trends or the gimmicks of the early dot-com era, Abraham, a business coach who has spent his entire career solving problems and fixing companies, re-examines

Published by The Newsletter Pro • www.thenewsletterpro.com

2 | 616-514-3831

Made with FlippingBook - professional solution for displaying marketing and sales documents online