Getting in Your Own Way? How to Step Back and Plan for Retirement the Right Way
• 1 stick (1/2 cup) unsalted butter, or 6 tbsp ghee • 3 russet potatoes (about 1/2 lb.), peeled • 1 tsp Kosher salt, plus more to taste • Freshly ground black pepper, to taste 1. In a small saucepan, heat butter over medium heat until foamy. Reduce heat if needed to avoid browning. Skim off white milk solids to make clarified butter (ghee). Transfer to a bowl and reserve. (This step won’t be needed if using ghee.) 2. Using the large holes on a box grater, grate potatoes. Transfer to a large bowl of cold water and stir until water becomes cloudy. Rinse potatoes under cold water, then squeeze out liquid using cheesecloth or a kitchen DIRECTIONS Be Ready to Accept Good News The biggest fear most people have when nearing retirement is running out of money. This is why we have sophisticated software we run after inputting all pertinent information, such as all sources of income, that tells us the probability of not running out of money during one’s lifetime. It’s a joy to see our clients’ reactions when we run the numbers and tell them they can retire earlier than expected and also keep their desired lifestyle intact. There’s a lot to worry about when planning for retirement, but at WRN, it’s our goal to help people feel at ease when we talk about their plans. Keep Communicating Retirement is not a one-size-fits-all category. Everyone is different: We all have different work experiences, risk levels, and goals for retirement. Your retirement plan should always reflect those unique differences. The only way INGREDIENTS
Retirement planning is a very personal experience. A smart retirement plan demands focus on how you’ll be able to fulfill your own needs for decades to come. Unfortunately, this means it’s easy for people to get inside their own heads when planning for retirement, which can then result in accidentally sabotaging their own efforts. Here are three steps to help you get out of your own way when it comes to your financial retirement plan. Learn to See All the Angles Many clients we see are well-versed in one aspect of retirement. However, this usually means their retirement plan isn’t balanced, because they’re missing a lot of other important pieces. There’s more to retirement than investing, growing, and preserving your wealth. You should also be ready to learn about minimizing taxes in retirement, long-term care options, legacy/ estate planning, and so much more.
to do this successfully is through regular communication with your financial advisor.
The future is unpredictable. Your communication must be frequent
throughout every year because tax laws change, life-changing events happen, and plans need to be tweaked and updated. This means it is highly important that you feel comfortable discussing money with your advisor and that you completely understand everything the advisor suggests. If your current financial advisor isn’t someone you can call to ask any question and get a reliable answer, then it’s time to find someone new. At Wolf Retirement Navigation, it’s our responsibility to stay current in the areas that affect those who are nearing or already in retirement. Call 904-232-8760 to learn how to get out of your own way and into a better retirement future.
SUDOKU
• Pinch of cayenne pepper, plus more to taste
towel, removing as much moisture as possible. Season potatoes. 3. In a large nonstick skillet, heat ghee to medium-high. Add potatoes and cook until a crust forms underneath, about 5 minutes. Using a rubber spatula, break up potatoes and continue to cook, adding more ghee if potatoes begin to stick. 4. Cook until golden brown and crisp, about 8 minutes. Drain on paper towels; season with salt, pepper, and cayenne to taste. Serve.
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