#1 For Life And Retirement Strategies Happy Friday!

#1 For Life And Retirement Strategies Key tip of the Day!
http://www.sperosfinancial.com/ 602-531-5141 

Moving Toward Mid-Life
As they move into their 30’s, individuals may have begun to climb the career ladder and increase their earning power and income. At the same time, though, they may also have started a family and assumed more financial responsibilities like a mortgage, life insurance, multiple car payments, and all of the expenses involved in raising children. Ideally, this is the life stage where individuals should be gradually increasing the amount of money they are contributing to their retirement plans.

In their 40’s, many individuals are starting to see their incomes continue to rise. At the same time, though, they may also be facing higher living expenses than at any other time in their lives. For example, their children may be teenagers, which can be the most expensive age for supporting kids, or they may be saving for college or helping pay for their children’s college educations at this time.

The 50’s represent the peak earning years for many individuals, as well as a time when their living expenses may be starting to decrease as their children move out of the house and complete college. During this time, individuals should be kicking their retirement savings into overdrive by putting as much money as possible into their retirement plans. Their time-frame for saving is growing ever-shorter as their eventual retirement date draws closer each year.

Entering the Golden Years

Once they enter their 60’s, many individuals’ retirement planning focus shifts from asset accumulation to asset distribution and consumption. This is the time when most individuals should begin thinking about devising a portfolio distribution plan that details how they will withdraw enough money from their retirement plan to meet their living expenses, but not so much that they risk outliving their savings.

Vasilios "Voss" Speros 602-531-5141 
#life #insurance #Retirement #Strategies 
http://www.sperosfinancial.com/
http://www.sperosfinancial.blogspot.com/
http://www.linkedin.com/pub/vasilios-%22voss%22-speros/60/722/67b
http://www.pinterest.com/voss53/speros-financial/
85254