YOU'RE GOING TO RETIRE

YOU'RE GOING TO RETIRE SOMEDAY

It can be difficult to actually picture your retirement, especially if your finances are out of control.

There are multiple people in my life that constantly say they are never retiring. They are good people. They are smart. However, they can’t seem to get a handle on their finances.

When they want something, they buy it.

For them, and I believe for many others, retirement seems so far away that it’s not worth thinking about. It’s so far in the future and there’s no certainty that we’ll live that long or we’ll have enough money to really retire. When we can’t see something, it’s difficult to believe it.

We find safety in our old beliefs. We believe what we can see, and we are more apt to take action on something we can see now, instead of something we can’t see well in the future.

It doesn’t matter if you can see it or not though.

You’re going to get old.

You’re lucky if you stay healthy while you age. You may not be so lucky though.

What if something happens to your health before you’re eligible for Social Security and you need to live on disability for a decade?

You’re not going to bring home as much as you currently do. And, most health conditions aren’t even covered by disability.

I was listening to Suze Orman’s podcast, Women and Money, the other day. A question came in from a woman in her early 50’s.

Out of nowhere, her husband fainted. The doctors determined he has a heart condition and recommended he doesn’t work in a stressful position any longer. That condition is not covered by disability.

Most jobs come with stress. Luckily, this couple was on top of their finances. They only had a couple months left to pay off their mortgage and had a sizable retirement account.

What if something like this happens to you?

Can you financially take care of yourself if you had to take off an extended period of time from working?

What if you were forced to choose between retiring early or potentially damaging your health and working?

None of us know what the future holds.

Don’t assume that you can work the rest of your life and ignore your money.

You don’t know how long you will be capable of working.

How to Invest for Retirement

1. Believe You Will Retire

3. Create a Vision for Your Retirement

2. Stop Leaning on Social Security

Some people think they will never retire;

they will work for the rest of their lives.

Because of this belief, they don't take action today.

I'm here to tell you; you will retire.

You don't know the future. You might have a health scare. You might become disabled. You may not have the energy to work.

2. Stop Leaning on Social Security

3. Create a Vision for Your Retirement

2. Stop Leaning on Social Security

The average Social Security check is $1500 a month.

Can you really live on $1500 a month?

If you have debt, the answer is no.

Don't make your future-self miserable in retirement.

Take actions today to give yourself a better future.

3. Create a Vision for Your Retirement

It's difficult to invest money you could spend today when you don't have a vision of your future.

Take a few minutes to think about what retirement looks like to you.

Is it more time with family?

Is it time at the beach?

Is it more time volunteering?

Creating a vision gives you more incentive to start investing in your retirement today.

4. Take Advantage of Compounding

3. Create a Vision for Your Retirement

Time and contributions are the two biggest variables in compounding.

What if I told you time was more important than how much you contribute?

Of course, your contribution impacts your balance, but the longer your money is in the account, the more power you give to compounding.

5. Start Today

4. Take Advantage of Compounding

5. Start Today

Your employer match is free money. Take advantage of it and start contributing today.

If you're just starting your financial journey, now is the best time to start.

Set it up with your employer and forget it until you are out of bad debt completely.

I would recommend contributing at least enough to get the employer match up to 10% while you're in debt.

FREE E-BOOK: 5 STAGES OF MONEY