RECEPE FOR FINANCIAL SUCCESS | THE SIX SECRET RECIPES | MEET THE FINANCIAL GOURMET

SECRET RECIPE #6
DELICIOUS RETIREMENT PLANNING PIE

Keep the gold for your golden year

The key to a successful retirement is planning. It’s never too early or too late to plan for your retirement. The first step is to determine what you want to do in retirement – travel, move to warmer climate, golf year-round, continue to work but on a part-time basis, or simply kick back and enjoy life.

Next, you need to create a financial action plan to provide the money you’ll need for the rest of your life. With time and compound interest, you can achieve your goals. Retirement is possible regardless of what age you begin planning. Just remember that time is a critical component, and the more time you have, the better off you will be.

INGREDIENTS

1 bag retirement costs
1 action plan
2 cups government program eligibility
1 ½ tsp compound interest comprehension
2 TBSP retirement investing and planning understanding
1 bunch time
1 sprig perseverance

PREPARATION

1. Identify current retirement plan.
2. Know who is funding your retirement.
3. Understand the five retirement game changers.
4. Know what to do if the worst happens – catastrophic illness & long-tem care insurance.
5. Ensure safe-money solutions to avoid risk.

COOK TIME

20-40 years – the more time to simmer, the better the results. Stir as needed.

YIELD

After properly preparing this recipe, you’ll have the knowledge and tools necessary to create a well-planned retirement plan that will provide you with peace of mind and independence. With time and compound interest working for you, you can reach your goals, generate income for the rest of your life, and sit back and enjoy.

Retirement Planning Questions

Retirement Game Changer

The Rule of 72