Five Steps to Feel More Confident about Your RetirementLarry OlivarezIt’s natural to have mixed emotions about retirement – it’s a huge life change that people spend most of their working life preparing for. While the thought of retirement is exciting, the options and advice available can sometimes seem overwhelming and complex. There are several simple things you can do if you’re feeling unprepared for your retirement years. Check out the following steps to help you get ready for this milestone.
4. Protect your plan and your legacy. Ensure the beneficiary information on your accounts is up-to-date and that you have the right insurance and protection plans in place to safeguard your income and assets now – and for the long-term. Also begin thinking about the legacy you want to leave – to your family or to organizations that are important to you. Involve your loved ones in these conversations and clearly communicate your intentions and expectations. 5. Track your progress. As with all goals, it’s important to set milestones, check-in and reflect as you go. Keep in mind that a little time and organization goes a long way. Set aside one day each month to sit down with your finances, and also consider meeting with a legal and financial professional annually. Even if your goals still seem far away or if you’ve experienced a setback, you won’t regret spending the extra time to review your progress. This also provides a good opportunity to make adjustments if your situation or plans for the future have changed. Retirement planning can be a complicated, emotional and overwhelming process. Consider seeking objective advice from a professional financial advisor who can guide you through it and ensure you’re aware of all your options. It’s important to keep in mind that the surest way to feel confident about what’s to come is to do everything you can to prepare for it. ### Larry Olivarez, Jr. CEP®, is a Financial Advisor with Ameriprise Financial Services, Inc. in Corpus Christi, Alice, and surrounding areas of South Texas. He specializes in fee-based financial planning and asset management strategies and has been in practice for 13 years. To contact him please call 361.654.1900 in the Corpus Christi office located at 711 N Caranchua Suite #1701 or 361.668.1212 in the Alice office located at 604 E. Second St. Email: larry.x.olivarez@ampf.com ¨ Website: ameripriseadvisors.com/larry.x.olivarez/ Ameriprise Financial Services, Inc. Member FINRA and SIPC. © 2015 Ameriprise Financial, Inc. All rights reserved. File # 1085241 | |
2015 Alice Business Today - January 2015 |