I'M 55 OLD, HOW TO PREPARE FOR RETIREMENT? | $300,000 IN 401K If you're 55 years old or older and are planning to retire soon, then you need to watch this video! I'll share with you tips for saving money, preparing for retirement and making the most of your money while you're still working. I hope you find this video useful and that it helps you achieve your retirement goals! 00:00 Introduction 00:35 Hypothetical Case 02:52 Retirement Goals 03:34 Current Scenario 05:33 First Scenario 06:17 Play zone 07:36 Improving Score 08:48 Know Your Retirement Score 09:01 Figure Out How Long You Should Be Working 09:15 Try Not To Overfund Your Taxed Deferred Accounts **************************************************************************************** 🟢 💸 DOWNLOADABLE RESOURCES: 💸 🟢 ************************************************************************************ ★ Subscribe to our channel for time sensitive Tips! ★ ************************************************************************************* 1️⃣ Do you have a income plan set up to never outlive your money, so you are not a burden on loved ones? 2️⃣ Are you getting the greatest returns with the least amount of risk for you personal risk tolerance? 3️⃣ Do you have a tax plan in place to pay the minimum taxes allowed by law? 4️⃣ Are you maximizing your Social Security Benefits? 💰 💰 💰NEED HELP WITH YOUR RETIREMENT PLAN? 💰💰💰 💰You can schedule a complementary visit to discuss your needs: 💰 Call us at (479) 268-4463 or go to *********************************************************************************** 📘 Pick up Tony's latest book: The 10 Tax Commandments. 📘 *********************************************************************************** SOCIAL MEDIA: Facebook: Twitter: Linkedin: Linkedin: ************************************************************************************* POPULAR RETIREMENT VIDEOS: ✅ Index Annuity - Should I own a Annuity? ✅ Working While Receiving Social Security *********************************************************************************** #retirement #retirementsavings #socialsecurity *********************************************************************************** Disclaimer: All written content on this site is for information purposes only. Opinions expressed herein are solely those of Guardian Financial, Inc. and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual advisor prior to implementation. Advisory services are offered by Guardian Financial, Inc., a Registered Investment Advisor in the State of Arkansas. Insurance products and services are offered through Guardian Financial Advisors and Associates, LLC, an affiliated company. The information by Advisor (“we”, “us”, or “our”) is for general information purposes only. None of this information should be construed as tax, legal, financial, insurance, financial advice, or other advice and may be outdated or inaccurate. It is your responsibility to verify all information yourself. This content is prepared for entertainment purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. All information is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on the Site. Under no circumstance shall we have any liability to you for any loss or damage of any kind as a result of the use of the site and reliance on the information provided. Guardian Financial, Inc. and Guardian Financial Advisors and Associates, LLC are NOT affiliated with or endorsed by the Social Security Administration or any government agency, and are not engaged in the practice of law. Content should NOT be viewed as an offer to buy or sell any of the securities mentioned or as legal or tax advice. You should always consult an attorney or tax professional regarding your specific legal or tax situation. © MoneyGuide, Inc. Reproduced with permission. All rights reserved....(read more)
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Retirement age is a very important time in anybody's life, and it can be confusing for anyone who is approaching their retirement age. With retirement comes the end of your working years, but it also represents the start of the life you always wanted. It is important to understand that retirement isn't a one-day event; it takes some serious planning and preparation to ensure that your retirement is a comfortable one. If you're 55 years old and have $300,000 in 401k, here are some helpful tips on how to prepare for retirement: Take Stock of Your Retirement Savings The first step towards preparing for retirement is to have a clear understanding of your retirement savings. This means taking stock of all your retirement funds, such as pensions, social security, savings, and 401k. Having a complete overview of your financial status will help you determine how much income you can expect during your retirement years. Create a Retirement Budget Once you have a clear understanding of your retirement savings, you should create a retirement budget. This will help you to understand your monthly expenditures and to develop a realistic plan for your retirement years. The budget should take into account all the expenses you're likely to incur in retirement, including housing, healthcare, travel, and taxes. Evaluate Your Health Insurance Healthcare is an important factor to consider when preparing for retirement. With time, medical expenses tend to increase, and you will want to ensure that your savings will cover your medical needs during your retirement years. Understanding your health insurance options will also help you in creating an accurate retirement budget. Explore Your Social Security Options As addressing social security matters, it is important to determine when you will start claiming your benefits. The age at which you begin claiming social security will have a significant effect on your monthly payments, and it is essential to choose wisely. You can use Social Security Benefit Calculators to determine the best age for you to begin claiming. Save More If it seems like you'll run out of money in your retirement years, its necessary to save your money. Although it may seem tough to set aside even more money than before, it may help stave off retirement without enough money. You may also want to consider changing your spending habits to increase your savings. Create a Retirement Plan Finally, it's essential to create a retirement plan that will help to achieve your goals. This plan should include goals for retirement income, financial security, and living expenses, as well as any additional income you may generate during retirement. Your plan should also include a list of actions you need to take to achieve these goals. In conclusion, retirement planning takes effort, and it is essential to start planning today because the sooner you start preparing, the better prepared you will be for the retirement years. With adequate planning and preparation, you can ensure that you retire in comfort and with peace of mind. With $300,000 in 401k, you have taken the first step towards financial security in retirement. Taking these steps now will help you stay on a path to a financially comfortable future. https://inflationprotection.org/how-can-i-prepare-for-retirement-at-55-with-a-300000-401k/?feed_id=88145&_unique_id=643b13f6e0c59 #Inflation #Retirement #GoldIRA #Wealth #Investing #CanIRetire #caniretireat55 #EarlyRetirement #FinancialPlanning #GuardianFinancialInc #howmuchdoineedtoretire #howtoretireearly #im55with300kpreparingforretirement #investing #retire #retireat55 #Retirement #retirementincome #RetirementIncomePlanning #retirementincomestrategies #retirementinvesting #retirementplanning #retirementplanningat50 #retirementplanningat55 #retirementplanningat60 #retirementsavings #TonyHansmann #QualifiedRetirementPlan #CanIRetire #caniretireat55 #EarlyRetirement #FinancialPlanning #GuardianFinancialInc #howmuchdoineedtoretire #howtoretireearly #im55with300kpreparingforretirement #investing #retire #retireat55 #Retirement #retirementincome #RetirementIncomePlanning #retirementincomestrategies #retirementinvesting #retirementplanning #retirementplanningat50 #retirementplanningat55 #retirementplanningat60 #retirementsavings #TonyHansmann
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