Posts Tagged ‘finanial planning’
Why Your Retirement is Like a Startup
What do Retirement Planning and Starting a Business Have in Common? Mistakes can cost you…big time.
If you read articles from magazines like Fast Company or the Economist, you will have come across stories of poor decisions made by startup entrepreneurs that have tanked their lofty endeavors. You might read the story and think “How could someone be so naïve?” but hold your judgment for a moment and ponder your own financial decisions. Planning for retirement is as big a deal as starting a business and generations that are nearing or in retirement seems wrought by the same naiveté as those idealistic startup owners.
Read MoreHow Will You Spend Down Your Retirement?
We talk a lot about saving for retirement. Where to invest your money, what vehicles will help you maximize your savings, what investments will lead you to your retirement goals. While all of these discussions are extremely important, it is equally critical to plan for how your money will be spent throughout your retirement.
Withdrawing money from different types of accounts requires a strategy in order to maximize the assets that you have worked so hard to acquire. There are tax implications and unrealized growth potential that require attention and planning to both save your money and help it continue to grow long after you stop working. Here are some helpful considerations that can help you enjoy your retirement with longevity and confidence.
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