RETIREMENT PLANNING 101 Where to Start and How to Plan
you probably won’t need to pay into your kids’ college fund or buy them clothes after 65 — but you likely will need to spend more on medical bills. 3. Set savings goals. Add up the money you expect to spend each month to reach an estimated cost for your entire retirement. (Keep in mind that in the U.S., men can expect to live to the age of 73 and women usually live to be 79 years old.) Your final number might look intimidating, but don’t sweat it. If you start planning today and use smart strategies, you can make it happen! 4. Choose a retirement plan and save, save, save. Don’t keep your retirement savings in a basic savings account. Instead, look into retirement funds like Workplace 401(k)s, IRAs, Roth IRAs, SEP IRAs, Traditional IRAs, and Solo 401(k)s.
It’s a cliche, but it’s true: It’s never too early to start thinking about retirement. Whether you’re a young parent in your 20s or a 60-year-old working part time, your last day on the job is closer than you think. That should be good news because nobody wants to work forever. So, how do you get ready for that final shift? We call the process of preparing for your golden years retirement planning, and you can break it down into five simple steps. 1. Decide on a target retirement date. Realistically, when would you like to retire? Once you have a date in mind, you can budget for the following years. 2. Calculate the money you’ll need to live comfortably. Take inventory of your current monthly expenses, then adjust them for your golden years. For example,
5. Invest in estate planning. It’s tough to think about, but you should also plan for the date when you pass away. What will happen to your home, bank accounts, and other assets? To ensure your family carries out your wishes, you should prepare a will and/or create a trust and establish a guardianship for your minor children. We highly recommend consulting a professional retirement planner and/or financial advisor to help you with steps 1–4. When you get to step 5, call us! We’re experts in elder law and estate planning, and we will take care of your heirs so you can retire with peace of mind.
SUDOKU
EASY FRUIT DIP MICHELE’S RECIPE CORNER
Inspired by InspiredByCharm.com
Spring is here, which means it’s time to enjoy fresh fruits and refreshing treats! This recipe has only four ingredients and can be made in under five minutes, so it’s great to bring to parties or make before a quick get-together. We recommend serving it with strawberries or cut-up pineapple, mango, and honeydew.
INGREDIENTS
• Splash of maraschino cherry juice • Fresh-cut fruit of your choice
• 1 7-oz jar marshmallow fluff • 1 8-oz package of cream cheese, softened • 1 cup vanilla yogurt
DIRECTIONS
1. In a bowl, place all the ingredients except fruit and blend with a hand mixer until smooth. 2. Cover bowl with plastic wrap and refrigerate for 1–2 hours before serving. 3. Serve with fresh-cut fruit. Dip and enjoy!
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