RETIREMENT PLANNING TIPS FOR LATE STARTERS

RETIREMENT PLANNING TIPS FOR LATE STARTERS

First of all, there is nothing to get worried. If you will panic, you won’t be able to make wise financial decisions. You are not alone; there are a numerous people like you. It’s true that over 45% of working-age don’t own any retirement account assets. The first and most important thing is to save more for your retirement. The years left with you of regular income are the most crucial. You need to raise the entire fund from these years itself.

You can even go for a good financial advisor. Financial advisors can consult you with a number of plans suitable for your case. You can contact Dream Retirement for retirement plans. You must check out their retirement freedom plan.

FOLLOWING ARE THE RETIREMENT PLANNING TIPS TO SAVE MORE FOR LATE STARTERS:-

HANDLING OF CONSUMER DEBT – Credit card debt can be very expensive at times. The drill is to pay off the highest interest dues first and use the money left for paying off the remaining. You should never spend more in a month than you can afford to avoid any further debts. Never use the cards even for minimal payments since the compounding effect can make it considerably a large amount. As you stop spending too much, your retirement wealth-building would begin.

AUTOMATICALLY INITIATE SAVINGS – It can be said as a psychological action to take up an automatic withdrawal plan from your salary cheque to your savings account. So, you will never see the money in the first place. You may feel a little down with a lower pay-cheque but the clause of retirement planning would bring you on track.

WISE USE OF RAISES – People without realising increase their expenses with a salary raise. But the smart savers maintain their spending and send all the bonuses and raises to savings to earn more out of them. You just need to curb your demands since it may increase your wants with a raise but bring your retirement in between.

HOLD ON UNREQUIRED EXPENSES – It’s a bitter truth that much of our spending is our habit. With a little effort, mould your habits and avail some enriching benefits. You need to sit and examine your expenses closely and such small bits of savings can make a big difference in your retirement savings.

LOOK FOR ADDITIONAL INCOME – You can think to rent a little space in your house or move your office into a spare bedroom and save the rental expense. See, it may seem easy but it isn’t. You may require a little time to judge all the aspects. But if you have some extra space and you can manage with a little-reduced space, don’t hesitate and go ahead. After all, such small savings can lead up to build a small fortune by availing the compounding effect.

Now, it’s up to you, how you twist your funds and make most out of them. But these tips would have definitely broadened your financial mind or may have commenced you to think a little more deeply into this matter. You can also check out the retirement freedom plan by contacting Dream Retirement.

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Retirement Freedom Plan

TOP 5 ADVANTAGES OF RETIREMENT PLANNING

You must be anxious enough for your old age financial security. Presently, you may be earning surplus amounts but you are in confusion for the right use of such surplus money. It’s completely normal that every middle-aged person can get into such dilemma. But there isn’t any hard drill to solve such an issue. The most logical solution is to invest in retirement plans. It definitely secures your retirement and even provides you with some additional benefits.

You must consult Dream Retirement for securing your retired life. They are a team of skilled financial advisors formed by Charlie, its founder. The founder himself worked for 16 years as a financial advisor and has applied all the accumulated knowledge in Dream Retirement. The schemes like Retirement Freedom Plan provide you with advantageous choices for securing your future.

FOLLOWING ARE THE BENEFITS OF RETIREMENT PLANNING:-

Ø AVAIL TAX BENEFITS – Did you know that retirement plans lead to tax benefits in a lot of cases? There are plans, which provide you tax concession on the amount regularly invested in any scheme. There might be cases where tax is charged on the gross amount received at the maturity. But such cases can be tackled with the help of a good financial advisor.

Ø COMPOUNDING INTEREST – The earlier the investment is made, the more compounding interest can be reaped. Compounding interest is calculated on the initial investment plus the accumulated interest on the prior investment. Such method of interest can provide you with multiple increments of the amount invested.

Ø INDEPENDENCE IN GOLDEN YEARS – There are different experiences of people who invested and who didn’t. But the people who invested didn’t witness any tension related to financial security. They were ready in advance for unexpected cost incurred and even for holidays planned during those golden years. Such planning can avoid dependence on other family members and government assistance.

Ø CHOICE OF SOONER RETIREMENT – It’s obvious to understand that quicker and earlier you start saving for retirement sooner you would arrive at an opportunity to retire. Starting the investing process in your twenties would definitely accumulate a good amount of fund compared to if you start saving in your 30s or 40s. But contracting with a good financial advisor would eliminate all such amount differences irrespective of the fact that when did you start saving.   

Ø HEALTHY LIFESTYLE – Generally, people retire when they attain a certain age or their body doesn’t allow to work. In such state, you will need sufficient funds to take care your health. You may require regular health check-ups and medicinal treatments. In order to bear all such expenses and requirements, one must be ready with investment plans.

All the above points would definitely support your decision to invest in retirement plans. You must keep in mind that primarily it depends on the financial advisor you are dealing with. You must read all the terms and conditions related to the plan carefully. Many such plans and advisors mislead people due to hidden meanings in the conditions. To get a suitable plan, you must consider Dream Retirement. They are known for the financial advisors they comprise of.

Retirement Forecasting

Start investing young and retire early with 

these tips to plan for your retirement

The secret of life is not saving up till the last moment, but making a balance between living now and saving a little for the coming future. Of course, you may have heard that live now because we never know when it is our last. It should never be an excuse for reckless spending on things that you may or may never use. The shopping or the investment that you do without skipping a heartbeat and obviously not given enough thought to, would eventually lead to disaster.  Living rich today and poor tomorrow doesn’t justify in any philosophical quote. While it may be true that you should try everything that your heart desires, doing it one by one and experiencing it all in its true sense gives you the true joy.

Same goes for retirement plans. You might think that what’s the point of enjoying everything later when you can have it all today? Having it all will create an extreme overwhelming response to everything. It will crash and bang with the same velocity it soared high up. So, create balance. Live the moments of today while saving up for the coming future. Read Charlie Reading’s book, ‘The Dream Retirement’ and do your own Retirement Forecasting! Visit http://www.dream-retirement.com/

Here is what you can do:

1. Start with the habit of saving

Saving even a little amount of money will give out much better returns especially when the return rates are higher. When you get your salary, aim on keeping aside 10% of it for your retirement plan. If the percentage seems higher, you can lower it to some digits. The goal is to consistently save for your future.

2. Invest in shares

Having knowledge about the stock market will always work to your advantage. If you feel you don’t have adequate knowledge about investing in the market, you can always have financial advisers to guide you about the stock market.

3. Plan together as a couple

You and your spouse can also chip in together to plan for an early retirement. Hustle now and sit back later. You can take on retirement plans that support both of you as individuals.

4. Get disability insurance to protect your earning

We may never know what may hit us and we would be bed-ridden for months for recovery. That is the time where disability insurance comes to play and pays up to 60% of the income that you were supposed to get during your months spent on recovery. Do your own retirement forecasting by reading ‘The Dream Retirement’ by Charlie Reading.

5. When in doubt ask for help

Sometimes we don’t even know how to start even after having all the resources at hand. It’s never too late to save. You can go for retirement consultancy to help you plan out your retirement in the most glorious ways.

These are the starting tips to planning for retirement. Get in-depth knowledge on how to save and how to plan by reading ‘The Dream Retirement’ by Charlie Reading. Visit http://www.dream-retirement.com/ to get free consultancy for your retirement plan. Make retirement forecasting easier for you with firsthand knowledge and experience by Charlie Reading.

How to plan for retirement from early on

If you are thinking why you need to plan for retirement when you are not sure of tomorrow, well, here is why –You may never know what circumstances can hit you without warning. Planning for a better old-age and living an independent life will reward you more than anything. If we invest smartly when we are young and energetic, we can rest our feet and head under the roof with comfort in old age. Making smart retirement plan is what a young professional should aim to before it is too late to save.

Saving now will help you more than saving later. Even a penny saved in time will save nine. This basic information will help you get started with your retirement plan. Dream Retirement has Retirement Freedom Plan to help you plan out your retirement in the nick of time. Visit http://www.dream-retirement.com/ to know more.
Here is what you need to understand and do when you plan for retirement:
Choosing the retirement plan
Retirement plan differs from profession to profession because it can have a multitude of salaries. Your investment is based on how much you can earn annually and how much you can save monthly in your retirement account. So you can’t just take any retirement plan. You have to look up to a retirement plan which will suit your saving style and not rob you off living the present day.

Deciding on retirement plan according to employment
If you are self-employed, you can have a different type of retirement options available to you than the employed ones and vice versa. If you are an employee in a company, your company may have an employer-sponsored retirement plan. You can ask your HR to know more about the pension plans and benefits. However, there are also retirement plans for people who have no specific employment status. With the combination of different retirement plans, you can tailor-make your pension plan. Dream Retirement has Retirement Freedom Plan. Visit http://www.dream-retirement.com/ to know more about it.

Have a financial advisor to help you out
Sometimes it’s difficult to understand certain terms and conditions. You could also look through loopholes and save yourself from fraudulent schemes with a good financial advisor. They will guide you where to invest in and how to invest in. Dream Retirement will guide you to make the right choices.

Decide where to invest in
You can teach yourself about investment early on and make a conscious decision on where you want to invest your money and how much. On top of that, when you hire financial advisors, you will be able to understand more clearly what they want to present and why they think it will work for you. You will be much assured in your decision.  Read a little every day about investment and expand your knowledge.

These tips will help you in planning your retirement in its due time. Making smart investment is a smarter move towards enjoying the later phases of our lives. Make the best choices today with Dream Retirement. They have Retirement Freedom Plan that will help you make the right choices.