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It ’s Never Too Late to Plan Your Retirement
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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 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. 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.
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. 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:
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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.
UPCOMING EDUCATION CENTER EVENTS
Taking Our Programs on the Road
ALZHEIMER’S DISEASE AND DEMENTIA CARE SEMINAR When: Wednesday, Dec 7, from 8 a.m. to 5 p.m. Where: Spring Hills Assisted Living of Princeton, 1000 Windrows Drive, Princeton, NJ 08540 This seminar is required for health care workers who want to obtain their Certified Dementia Practitioner designation. Attendance will count as CE hours for Nurses, Social Workers, Licensed Nursing Home Administrators, and Certified Assisted Living Administrators. Breakfast and lunch will be served. Please call us at 609-580-1044 to register. The cost to attend this seminar is $200. ALZHEIMER’S DISEASE AND DEMENTIA CARE SEMINAR When: Wednesday, Dec. 14, from 8 a.m. to 5 p.m. Where: Care One East Brunswick Assisted Living, 664 Cranbury Road, East Brunswick, NJ 08816 This seminar is required for health care workers who want to obtain their Certified Dementia Practitioner designation. Attendance will count as CE hours for social workers, nurses, CALA, and LNHA. Breakfast and lunch will be served. Please call us at 609-580-1044 to register. The cost to attend this seminar is $200.
Our goal at the Education Center at Van Dyck Law is to provide individuals from our community with useful resources and information regarding dementia, estate planning, and healthy aging. We have some exciting and informative events planned over the next few months that will be quite beneficial to those who attend. Normally, we hold our programs at the Education Center, but we’ve decided to take our programs on the road for the rest of 2022. Below you’ll find our events for November and December, where they’re located, and how to register. We hope to see you there! ALZHEIMER’S DISEASE Where: Care One Cherry Hill, 1240 Brace Road, Cherry Hill, NJ 08034 This seminar is required for health care workers who want to obtain their Certified Dementia Practitioner designation. Attendance will count as CE hours for Nurses, Social Workers, Licensed Nursing Home Administrators, and Certified Assisted Living Administrators. Breakfast and lunch will be served. Please call us at 609-580-1044 to register. The cost to attend this seminar is $200. AND DEMENTIA CARE SEMINAR When: Wednesday, Nov. 2, from 8 a.m. to 5 p.m.
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