Creative Wealth Management, LLC’s Post

Private 401(k)s provide the biggest share of retirement income for the average retired American according to a 2023 Charles Schwab study and the share from 401(k)s has risen but its still only making up about 40% of retirement income for a couple, where does that other 60% come from? Read more or reach out to us to find out: #financialplanning #incomestreams #retirementincome #rememberretirement

Even if you’re saving for retirement with a 401(k) or other work-based plan, it likely won’t cover all of your post-career expenses. Find out what other sources can potentially make up your retirement income and why it’s best to start planning early: #retirement

Knowing which retirement assets to use for income, and when to use them can be a difficult decision, this is why it’s so important to meet with your financial advisor and establish a plan early! #AddessiFinancialPartners #RetirementPlanning #FinancialStrategies

Even if you’re saving for retirement with a 401(k) or other work-based plan, it likely won’t cover all of your post-career expenses. Find out what other sources can potentially make up your retirement income and why it’s best to start planning early. #AddessiFinancialPartners #Retirement #FinancialGoals

Even if you’re saving for retirement with a 401(k) or other work-based plan, it likely won’t cover all of your post-career expenses. Find out what other sources can potentially make up your retirement income and why it’s best to start planning early:  #retirement

Even if you’re saving for retirement with a 401(k) or other work-based plan, it likely won’t cover all of your post-career expenses. Find out what other sources can potentially make up your retirement income and why it’s best to start planning early:  #retirement

Do your employees have the tools they need to achieve a secure retirement? Retirement planning support, such as one-on-one financial advising and access to detailed planning resources, can significantly impact their future. #Retirement #FinancialWellness #FinancialLiteracy https://lnkd.in/gZ8Cn9x3

The importance of financial wellbeing as a part of overall health and wellbeing is increasingly recognized in both personal and professional contexts. As an employer it is a critical part of your overall benefits offerings, as outlined in this post from sister company Preferred Financial Partners Here's 10 reasons why: 1. Reduces Stress and Anxiety: Financial insecurity is a significant source of stress and anxiety for many individuals. Concerns about debt, savings, or the ability to cover unexpected expenses can lead to chronic stress, which is detrimental to mental and physical health. 2. Improves Mental Health: Financial stability can contribute to better mental health. It reduces worries related to meeting basic needs and planning for the future, thereby lowering the risk of mental health issues like depression and anxiety. 3. Enhances Physical Health: Stress related to financial insecurity can have direct physical health implications, including heart disease, hypertension, and a weakened immune system. 4. Promotes Healthy Lifestyle Choices: With financial wellbeing, individuals are more likely to afford health-promoting activities and necessities, such as a nutritious diet, regular medical check-ups, and fitness activities. 5. Facilitates Better Work Performance: Employees who are not stressed about their finances tend to be more focused, productive, and engaged at work. This also contributes positively to the organization’s performance. 6. Supports Retirement Planning: Financial wellbeing involves effective long-term planning. This includes saving for retirement, which is crucial for ensuring a comfortable and secure life in the later years. 7. Enables Better Handling of Emergencies: A key component of financial wellbeing is the ability to handle unexpected expenses, such as medical emergencies, without it leading to a financial crisis. 8. Fosters Personal and Family Stability: Financial stability is foundational for the overall stability of individuals and families. It allows for better planning, reduces relationship stress caused by financial issues. 9. Encourages Financial Literacy and Management: Part of achieving financial wellbeing is understanding personal finance, budgeting, saving, and investing. This knowledge is crucial for making informed decisions that lead to financial stability. 10. Promotes Social Wellbeing: Financial wellbeing can enhance one's ability to participate in social activities, support charities, and engage in community services, thereby improving social connections and personal satisfaction. In summary, financial wellbeing is intrinsically linked to overall health and wellbeing. As such, it should be a key component of any holistic approach to health and wellbeing. #mentalhealth #employeebenefits #financialwellbeing

Is it time to rethink where your retirement income will come from? Even if you’re saving for retirement with a 401(k) or other work-based plan, it likely won’t cover all of your post-career expenses. Find out what other sources can potentially make up your retirement income and why it’s best to start planning early and consider working with a financial advisor. Great tips from Brian J. O'Connor in Yahoo Finance #retirement #retirementplanning

Do your employees have the tools they need to achieve a secure retirement? Retirement planning support, such as one-on-one financial advising and access to detailed planning resources, can significantly impact their future. #Retirement #FinancialWellness #FinancialLiteracy https://lnkd.in/eGiMQcDS