Can you believe it’s already Thanksgiving? We certainly can’t at Tactical Wealth. For many of us, the holidays are incredibly stressful, whether you’re traveling across the country or hosting the entire family for Christmas dinner.
There’s no question that this is often the busiest time of the year. But hopefully, you’re also going to enjoy some much-needed time away from work. Maybe you’re planning a holiday movie marathon or a special night out with loved ones.
Of course, with the time off before the new year, the holiday season also presents the opportunity to review your finances and start taking steps toward retirement.
Here are three retirement planning questions to answer as 2018 comes to an end:
What are your goals for retirement?
Most of us enjoy the dream of no longer working and pursuing other opportunities. That said, have you really defined what ‘retirement’ means to you? Maybe you want to devote more time to hobbies, travel, and/or volunteering.
On the other hand, it could be that spending more time with loved ones becomes your No. 1 priority in retirement. Whatever the goals during your golden years, now is the time to identify them and put them in writing.
Are you on track to reach your retirement income goals?
Perhaps you have big plans during retirement. In addition to taking up new hobbies, you want to travel as much as possible. In this case, you better have quite the nest egg.
Believe it or not, a mere 20 percent of employees in the U.S. are confident they are on track to achieve their retirement goals. So spend some time this holiday season running a retirement projection. Look at savings, investment, and 401(k) accounts in particular.
Identify the biggest obstacles on your retirement journey
Lots of soon-to-be-retirees are worried about outliving their money during retirement. With the uncertainty of Social Security benefits, inflation, and rising health care costs, such concern is valid. Whatever your financial obstacles, address them while you have some free time.
A long-term planning discussion is a great first step toward retiring when and how you want. So after the holiday festivities begin to wind down, sit down and have a serious financial discussion with yourself. The sooner you put retirement plans into motion, the easier it will be in the long run.
The Leaders in High Return Investments
Be honest with yourself for a moment. Are you worried about running out of money during your golden years? Are you exhausted from the constant ups and downs of the stock market?
If you nodded your head yes to either of these questions, then it’s time to re-evaluate things. The Tactical Wealth Fixed Income Fund uses high return investments to replace your salary. Rather than dipping into savings, you can enjoy consistent, reliable monthly income.
Give yourself the gift of financial security this holiday season. Get your complete retirement checklist today and see if the Fixed Income Fund is right for you.
Happy holidays from all of us here at Tactical Wealth!