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Category: Retirement

Your Year-End Retirement Planning Checklist

Your Year-End Retirement Planning Checklist

As the holidays approach, we tend to get wrapped up in making plans with our family and friends but the holiday season also means the end of the year, a good time to check if your retirement planning goals are on track. The last day of the calendar year is the contribution/distribution deadline for many retirement accounts, so planning in advance could help you avoid higher taxes with last minute deposits or withdrawals. Here are a few moves to help…

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How to retire with enough savings

How to retire with enough savings

It can be downright scary if you realize you don’t have enough to retire. What can you do to create more retirement income? The Vanguard Group, an investment management group who provides world-class record keeping for Christian Brothers Services, recommends a few tips. Try to put into practice a few of these steps to a more comfortable retirement. Compiled from Vanguard’s lesson, “How can I have enough for retirement,” For the full lesson visit, https://retirementplans.vanguard.com/VGApp/pe/edu/catalog/how-can-i-have-enough-retirement-income/3?gh_sec=n Demolish your debts You can…

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Getting ready for retirement

Getting ready for retirement

As you near retirement age, it is paramount that you plan accordingly with important steps for that final year before you retire. Hopefully, by this point, an effort has been made to pay off debt and eliminate as many lines of credit as possible. At one year from retirement, follow this guide to take the guesswork out of the process. Review your investments.  Preserving your savings is the name of the game here. If you aren’t using a managed account option that…

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