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Preparing for retirement

Preparing for retirement

Ensuring you are ready to retire financially takes planning well before the event. Christian Brothers Services partner Vanguard, an investment management company, offers a host of tips on preparing for retirement. How do you know if you are ready to retire? Vanguard suggests that as you decide when to retire, think about how much money you’re likely to spend each year. Then, check your savings to ensure you’ll be able to meet those expenses. On average, Vanguard reports that financial…

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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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