1. Review and Update Your Retirement Plan
Schedule a comprehensive review of your retirement plan with Todd, Your Financial Coach
Assess your financial goals, risk tolerance, and any changes in your personal or financial situation.
Ensure that your investment strategy aligns with your current life stage and future aspirations.
2. Maximize Contributions to Retirement Accounts
Take full advantage of tax-advantaged retirement accounts, such as 401(k)s, IRAs, or other employer-sponsored plans.
Consider increasing your contributions, especially if you've experienced salary increases or received bonuses.
Explore catch-up contributions if you're 50 or older to boost your retirement savings.
3. Diversify Your Investment Portfolio
Evaluate the diversification of your investment portfolio to mitigate risk.
Consider the role of Fixed Indexed Annuities (FIAs) in providing a balance of growth potential and downside protection.
Rebalance your portfolio periodically to maintain alignment with your risk tolerance and financial goals.
4. Develop a Sustainable Withdrawal Strategy
Create a realistic and sustainable plan for withdrawing income during retirement.
Factor in potential healthcare costs, inflation, and other variables that may impact your budget.
Explore how Fixed Indexed Annuities can contribute to a reliable income stream in retirement.
5. Focus on Health and Longevity
Prioritize your health and well-being to enjoy a fulfilling retirement.
Review your healthcare coverage and consider long-term care insurance.
Incorporate a healthy lifestyle into your retirement plan, including regular exercise, a balanced diet, and preventive care.
Remember, these resolutions are a starting point. Tailor them to your unique financial situation and regularly revisit them throughout the year to ensure you stay on track. Seeking guidance from us can provide valuable insights and support in achieving your retirement goals.