GROWING FOR THE FUTURE Tips to Grow and Protect Your Retirement Wealth
Spring is a time for growth, and while it’s certainly a great time to start your garden — and not kill any plants this year — there is one thing you should definitely try to grow: your retirement wealth. Saving for retirement can be stressful, but there are things you can do to make it a little easier. Here are a few simple suggestions for growing your retirement wealth this spring. 1. Start today! The magic of compounding interest means the younger you start, the more you can save for retirement. But no matter your age, the best thing you can do is start saving now. 2. Contribute to your 401(k)/401(b)/457 plan up to your employer’s match. It’s free money! 3. Open an IRA, preferably a Roth IRA, because of the added tax-free advantages. 4. Rein in your spending and live within your means. 5. Turn a hobby into a moneymaking side job. 6. Seek opportunities for passive income, like a rental property. 7. If you’re eligible for Social Security, maximize your benefits
by deferring for a few years. You can take benefits as early as age 62 or defer payments as late as age 70. 8. Take advantage of catch-up contributions. Once you turn 50, you are eligible to go beyond the normal contribution limits of IRAs and 401(k)s. For traditional and Roth IRAs, you can contribute an extra $1,000. This means you could contribute up to $6,500 per year to your IRA. And for a 401(k), people who are 50 or older can add an extra $6,000, for a total of $24,500 per year! This can provide a real boost to your retirement accounts. These are ideas and strategies you can adopt today, but it’s not enough to just grow your retirement wealth. You need to protect your wealth, too. Just as bugs or squirrels can destroy your vegetable garden, a bad turn in the market can destroy your retirement garden before you can reap the rewards if you fail to plan properly. Fortunately, Adam Wolf knows how to protect what you’ve grown for retirement. In addition to these strategies, there are investment and insurance products available to help your retirement savings last and grow. Call 904-232-8760 and learn how to protect the wealth you grow through every season.
Sudoku
This simple, delicious recipe only takes 20 minutes from start to finish. It’s also a great way to encourage kids to eat their broccoli. The next time you make pasta, leave the canned sauce in the pantry and make this instead!
INGREDIENTS
• 3/4 pound pasta (shells or orecchiette) • 2 cups broccoli florets • 3 tablespoons olive oil • 1 pound ground turkey
• 2 cloves garlic, chopped • 1/2 teaspoon crushed red pepper • Salt • Parmesan cheese
DIRECTIONS
1. Cook the pasta according to package directions. Add broccoli when pasta is 1 minute from done. Drain both and return to pot. 2. Heat 1 tablespoon olive oil in a skillet over medium-high heat. Add the turkey, garlic, crushed red pepper, and a pinch of salt. Cook while breaking up meat with a wooden spoon for 3–5 minutes. 3. Combine turkey with pasta and broccoli mixture, adding the remaining olive oil as you stir. Serve in bowls topped with Parmesan cheese.
Solution
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