Step outside of your comfort and make reviewing your finances a priority.
59 ½ is a big age for retirement savers. Once reaching 59 ½, participants in qualified retirement accounts (401k, IRAs, etc.) may withdrawal funds penalty-free.
Planning a trip or vacation actually has a lot of parallels to building a financial plan.
As a financial firm, we work with “how much” questions all the time. As a team with life insurance expertise, one ‘how much question’ we hear quite often is, “How much life insurance coverage does my family need?”
Here at Plybon and Associates, we pride ourselves on taking the big picture into account and always make sure that we are helping YOU reach YOUR goals.
“I wish I had some kind of ‘guard rails’ that would keep me on my diet track. An automated system that took the cake away before I ever even saw it. Will Power that didn’t rely on my own ‘will’. I don’t have them for my diet, but I do for saving money.”
We plan, and when the time comes we put those plans into action and we keep moving forward. Who knows when it will rain or for how long… but when it does (and it will), we will be ready.
I let him know that while it was not inexpensive, it was fair and worth it and something we wanted to do. More importantly, it was something his Mom and I had been planning and saving for.
It frustrates me that we don’t do more in this country to prepare our children for the financial world they’ll be thrust into. It isn’t about trying to get rich. It’s about understanding concepts, making good decisions (and understanding how bad ones can affect you), valuing a dollar earned, recognizing that time is your most valuable asset and that “rainy days” happen.
Today I’m not thinking about the future so much. I’m remembering the past and embracing today, and reminding myself that all three – past, present and future – are important.