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Top 10 Retirement Planning Checkpoints

Top 10 Retirement Planning Checkpoints. #10 Take Me Out to the Ball Game. Will you be watching the game from left field or a box seat behind home plate? Hit a home run – how much do you need for retirement? Visit www.asec.org/ballpark.

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Top 10 Retirement Planning Checkpoints

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  1. Top 10 Retirement Planning Checkpoints

  2. #10 Take Me Out to the Ball Game • Will you be watching the game from left field or a box seat behind home plate? • Hit a home run – how much do you need for retirement? • Visit www.asec.org/ballpark

  3. #9 Send for Social Security Benefits Estimate • Social security was designed to supplement other income sources • Review regularly to detect any errors • Visit www.ssa.gov

  4. #8 When Will You Pay Yourself? • A dollar today is worth ? tomorrow • Time value of money • Consequences of delaying saving • Better late than never, but better early than late!

  5. #7 Taxing Matters • Tax consequences are only one factor in decision making • Principle and gains may be • Taxable • Tax-deferred • Tax exempt

  6. #6 But, I Don’t Have Any Money to Save • No matter how modest your income, you CAN save • Take our 30 day challenge – start today! • If you don’t care about your retirement income who will?

  7. #5 Retirement Planning Is More Than Money • Housing • Travel • Social • Emotional • Transition process - don’t be taken by surprise

  8. #4 Time In, Not Timing, the Market • Risk vs. Return • Today is the best day to begin saving

  9. #3 Know Your Benefits • Disability insurance • Life insurance • Retirement plan/income • Health care • Long term care insurance

  10. #2 Life-cycle Financial Planning • Needs and approaches change • Early career • Mid career • Late career • Be careful of falling into the “American Way” of debt management rather than managing long term savings

  11. How Do They Compare?

  12. #1 Define Your Goals • Think’em and ink’em! • But don’t chisel’em in stone • Involve family members • Individual goals • Family goals • Put’em where you see’em

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