Cash, dough, greenbacks, moollah, dinero—whatever the moniker, the amount of money we have will define what we can and can’t do in retirement. Retirement is all about money and our ability to manage it so that we can use it during our retirement years and leave an estate for our loved ones if we choose to do so. Perhaps the most important point is to convince you that you must establish an income that you can- not outlive. With life expectancy increasing, you run the very real risk of outliving your income. (more…)

Once you identify your personal financial retirement profile, you can move to the next level on the financial planning for retirement. Many people accumulate different types of property for pension that can be used for retirement. The type of property one owns and its tax characteristics can be important in creating an overall retirement strategy that fits well into Level III of the financial pyramid. Let’s take a look at how to create efficiency and diversification in an integrated program. (more…)

To get you started, here is a hypothetical timing schedule. If you are 50 or older, you need to condense retirement planning steps into a shorter span of time. Either way, they can act as a guide. It is never too late to design a retirement strategy.

Early financial planning is best. (more…)