You’ve read about countless retirement horror stories. Instead of actually enjoying their golden years, more retirees are struggling to pay for necessities such as food and medicine. At Tactical Wealth, we understand your dreams of traveling the world, spoiling your grandkids, or taking up a new hobby.
Now is the time to set yourself up for a stress-free retirement. Here are five financially savvy moves you should make now:
Take an aggressive approach to investing while you can
We’ve discussed at length the importance of investing early. It goes without saying that the longer you wait, the more difficult it becomes to catch up. Now for the million dollar question — how much of your income should be put toward investments?
Frankly, it depends on when you start contributing to a tax-deferred account. If you’re somewhere in the 25-34 age range, you can afford to take some risks. One more thing to keep in mind here is that the amount you invest should increase with your salary.
Automate your saving
You shouldn’t have to spend hours sifting through 401(k) related paperwork. Once you land a new gig, do yourself a favor and have a percentage of your income diverted to the employer-sponsored 401(k). Take advantage of company matches to the fullest extent.
There are other ways to automate your saving besides signing up for a 401(k) or IRA. If you haven’t done so already, create a budget that accounts for all monthly expenses, including a mortgage, bills, and necessities (gas, food, medicine, etc.). Then set up a monthly transfer that has your remaining funds going from your checking account into a savings account.
Manage risk appropriately
It’s one thing to just throw money in a portfolio and hope for a decent return. The fact is you will need to manage your risk differently depending on your situation. Too conservative or reckless of an approach could leave you financially strapped during your golden years.
Our advice? Opt for a more aggressive strategy when you’re young since you have time to recover from economic downturns. Once retirement is within reach, consider switching to safer investments in order to protect your income.
Avoid fees whenever possible
Rarely is investing free. Over time, those transaction and advisor fees can significantly hinder your progress toward retirement. That’s why it’s important to read the fine print of your 401(k) accounts, mutual funds, etc.
Why let crazy annual management fees take a chunk out of your returns? With the Tactical Wealth Fixed Income Fund, there are no hidden fees. Our strategic income fund keeps all of your hard-earned money safe and secure, not just a percentage of it.
Consider risk-averse investments
Are you tired of the constant up-and-down of the stock market? Would you prefer taking a financial avenue that avoids potential bubbles? If you answered “yes” to either of these questions, the Fixed Income Fund may be right for you.
At Tactical Wealth, we go above and beyond to protect clients against risk. For one thing, our fund is backed by pooled investments, which allows our team to prevent the risk of single loan defaults. In the unlikely event of a loan default, we have an established contingency reserve in place to continue monthly payouts to investors.
Retire Rich With High Return Investments
If you want to get the most out of your retirement years, you need to start making secure, stable investments. For years, the Tactical Wealth Fixed Income Fund has outperformed the competition. Plus, our rates are always higher than fixed annuities, bonds, and CDs.
Don’t make the mistake of settling for a “cookie-cutter” or “one-size-fits-all” financial strategy. Many clients can benefit from fixed income, whether it’s retirees, those preparing for retirement, savvy investors, or even young professionals. From short-term gains to something similar to a lifetime annuity, Tactical Wealth can help you achieve your financial goals.
See why so many people are making the Fixed Income Fund an integral piece to their retirement puzzle. With Tactical Wealth, you can enjoy stable, consistent income throughout your golden years.
Let us show you how fixed income and peace of mind go hand-in-hand. Contact Tactical Wealth today for your free report.