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Addressing asset allocation strategies and income withdrawal techniques now could make a significant difference in securing your retirement success.
Andrew Anable, a financial planner at Safeguard Investment Advisory Group, recommends securing your retirement before helping anyone else with their financial and life goals.
"Make sure you are setting your family up for future financial independence," said personal finance expert Philip Taylor, who blogs at PTMoney.com, adding that this begins with you and your partner securing your retirement funds.
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Clearly, using retirement funds to buy or start a business is a risky proposition that can either secure your retirement future or cause long-term financial instability.
This is an excerpt from Wade Pfau's book, Reverse Mortgages: How to Use Reverse Mortgages to Secure Your Retirement (The Retirement Researcher's Guide Series), available now on Amazon.
Secure your retirement with income from bonds, preferreds and convertibles.
I go more in depth on this strategy in this post for Forbes: Will a Cash Balance Plan 401(k) Combo Secure Your Retirement? Rich People Roth - This option can be quite alluring to those who make too much to contribute to a regular Roth IRA or who plan to retire before 59 ½.
Your reward is your own money, fruit of your labor that can make you feel more secure, fuel your retirement and your children's education.
When you get your raise or promotion, use your increased income to build a more financially secure future by increasing your retirement plan contributions, paying off debt and investing.
Finding work after 50 can be critically important to help make your retirement financially secure, though.
I sincerely hope you'll make your secure retirement a priority, and not a cause for worry.
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Justyna Jupowicz-Kozak
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