ATTENTION TO THOSE ENTERING OR IN RETIREMENT!
Don’t Make These 3 Mistakes!
FAILING TO INVEST Investing is one of the best ways to accumulate and preserve your wealth. However, now that you’re older, you may not be able to invest as aggressively as you could have when you were younger. But that doesn’t mean you must stop altogether. Consider taking the conservative investment approach by investing in mainly lower-risk assets like fixed interest and cash and a few higher-risk assets such as property, shares, and private equity. One of the best ways to avoid these pitfalls is by working with someone who can ensure your plan is strong and perfectly fits your needs, wants, and goals. That’s why you should consider working with The Retirement Authority! To book an appointment with Scott Mizenko, go to BookLTCcall.com. You can also email him at Scott@scottmizenko.com or call 844-633-5239 .
When planning for your retirement, you may have a lot of things circulating in your mind. Then, as the time finally comes for you to enjoy your golden years, you may think your preparation is complete! However, retirement planning doesn’t stop once you retire. Whether you’re working toward retirement or you’re already retired, it’s vital to avoid these three pitfalls if you want your retirement goals to remain on track. UNDERESTIMATING COST AND LENGTH OF RETIREMENT According to a 2021 survey by Nationwide Retirement Institute, more than half of retirees are concerned they may not have enough money to cover unexpected medical expenses. The average retired couple will spend around $315,000 on medical fees and long-term care.
Furthermore, 70% of retired folks may need additional care at some point during their lives. Since people often tend to live longer than they expect and need more care, you want to ensure you have enough money saved to cover these expenses. Many advisors suggest saving enough money to last 25–30 years. APPLYING FOR SOCIAL SECURITY BENEFITS TOO EARLY It’s imperative that you carefully consider when to file for Social Security. You can start receiving Social Security benefits at 62, but by enrolling early, your monthly earnings will be reduced by 30% for the remainder of your time on Social Security. While everyone’s situation is different, please speak with your retirement advisor before enrolling. They can see if any options are readily available to you in the meantime.
Inspired by Delish.com
TAKE A BREAK
GRILLED STEAK SALAD WITH PEACHES
This summer salad is both hearty and healthy!
INGREDIENTS
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1 lb skirt steak, fat trimmed 1/4 cup balsamic vinegar
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Black pepper
1/4 cup extra-virgin olive oil
1 clove garlic, minced
1 large lemon, juiced 6 cups baby arugula
1 tbsp light brown sugar
1 tbsp vegetable oil
2 ripe peaches, thinly sliced
Kosher salt
1/3 cup crumbled blue cheese or feta
1. In a large resealable plastic bag or baking dish, combine steak, vinegar, garlic, and brown sugar. Marinate 20 minutes at room temperature. 2. Remove steak from marinade, coat with vegetable oil, and season generously with salt and pepper. 3. On a grill or pan set to high heat, cook steak until desired doneness. Rest 5–10 minutes, then thinly slice against the grain. 4. In a small bowl, whisk olive oil and lemon juice to make dressing. Season with salt and pepper. 5. In a large serving bowl, add arugula, peaches, blue cheese or feta, and steak. Drizzle with dressing and gently toss. DIRECTIONS
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