Michael J. Didion, CFP®, EA, MBA’s Post

Don’t make this mistake when planning for a comfortable retirement… Too many people believe that saving a little bit here and there will guarantee a stress-free retirement. But what if I told you that without the right strategies in place, you could be saving for years and still fall short of your retirement goals? Retiring comfortably isn’t just about putting money aside – it’s about having a solid, smart plan. 3 Secret Tips Plan Your Expenses: Know how much you need for retirement by estimating your future living costs. This helps you set clear financial goals. . Invest Wisely: Relying on savings alone won’t cut it. Smart investments can grow your wealth while you sleep. . Start Early, Review Often: The earlier you start, the better. Regularly review your plan to adjust for changes in your life and market conditions. . ☎️So if you’re a working professional or business owner and want to retire comfortably, COMMENT BELOW OR DM me “RETIREMENT” and I’ll guide you through a personalized plan to secure your future. Let’s get you on the right path! If you LIKE this post, hit the LIKE button. If you LOVE it, please SHARE it with others who might need to hear this message. I’d love to hear your thoughts—let me know in the comments below! #CoachSham #Finance #RetirementPlanning #retire

"Everyone on social media tells you to "plan for retirement." But almost nobody tells you how. If they won’t, I will… So, here’s how to "Invest For Retirement" in 4 simple steps: * Step 1 - Know Your Number. Example ↳ Do you need $1 million or $2 million? * Step 2 - Stop Ignoring Your 401(k). Example ↳ Are your investments supporting step #1? * Step 3 - Be Vigilant About Taxes. Example ↳ Have a plan to reduce, manage, or defer taxes. * Step 4 - Stay Persistent. Example ↳ Regularly contribute despite market fluctuations. Planning for retirement isn't something you do a couple of years before you retire. Instead It's something that should be done early on, but very 𝘴𝘦𝘳𝘪𝘰𝘶𝘴𝘭𝘺 when you turn 50. ♻️ Please repost this if you found it valuable. I truly want people to feel prepared for their retirement. P.S. Do you know your number? #Investment #RetirementPlanning #FinancialFreedom #WealthManagement"

Is It Possible for Me to Secure a Comfortable Retirement? Answers: https://lnkd.in/gfqGfHVs #RetirementPlanning #FinancialFreedom #InvestingWisely Hey there! 😊 I’m in the same boat as you, so I totally get it—it’s tough thinking about retirement, especially when money feels tight. Here’s what I gathered from your situation. You’re 59, living on Long Island, and after selling your house during the pandemic, you’re renting at a hefty $3,400/month. That’s a load, isn’t it? 💸 So let’s break it down: Your Current Situation: You have about $680,410 in total, with 22% in cash and 78% in stocks and S&P funds. That's not a terrible starting point! Cash Yield: The 5.19% yield on your cash seems decent, but let’s consider whether that’s the best strategy for your situation. Investing Risks: Taking on more risk by shifting some cash into higher-yield options could pay off, but it comes with its own headaches—like market fluctuations and potential losses. Now, you’re probably wondering, how can you ever retire with these financial pressures? Here are a few thoughts: Budget Wisely: Look closely at your monthly expenses. Is there room for adjustments? Cutting some discret...

If you have no idea how to answer these questions, please make it your goal to understand your finances and answer them.. You absolutely cannot figure out if you are on the right track to retirement just by googling, guessing, and asking others. That is surely a recipe for stress and/or saving too much or too little. In order to have a good balance of living for now AND saving for retirement, it is essential to have a plan. Your number is not the same number as the next person. Personal finance is so personal and everyone’s values and way of life is different. I help clients plan for retirement. We actually look at how you are saving, your portfolio’s estimated growth, and if you are on track to cover projected expenses in retirement. It is all right there for you to see and understand. Book a call with me today if you want to feel confident on your path to retirement. https://lnkd.in/g46ZwYe3 #budget #money #moneycoach #financialcoach #financialfreedom #financialpeace #financialindependance #fire #moneymindset #budgetmom #moneymindset #moneytips #financialtips #finance101 #2024goals #financialliteracy #financialeducation #financialgoals #retirement

𝗧𝗵𝗲 𝗕𝗲𝘀𝘁 𝗔𝗱𝘃𝗶𝗰𝗲 𝘁𝗼 𝗦𝗲𝗰𝘂𝗿𝗲 𝗬𝗼𝘂𝗿 𝗥𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗙𝘂𝘁𝘂𝗿𝗲! Did you know that starting your retirement savings in your 20s could mean twice the savings by age 65 compared to starting in your 30s? Early planning isn't just a good idea—it's essential if you want to enjoy a comfortable retirement. 📌 Here's why it matters: ◼️ 𝗖𝗼𝗺𝗽𝗼𝘂𝗻𝗱 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁: The earlier you start, the more your money grows due to compound interest. For instance, a $5,000 annual investment starting at 25, with a 7% annual return, grows to over $1 million by age 65. ◼️ 𝗥𝗲𝗱𝘂𝗰𝗲𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝘁𝗿𝗲𝘀𝘀: Starting early can help reduce financial stress later in life, giving you more flexibility and security. Remember, it's never too late to start a plan for your retirement. Want more practical tips on securing your financial future? Connect with Mike Milligan! And for more tips, check out and subscribe to our YouTube channel: https://lnkd.in/eVbdFXxD #ideasbymike #retirementplanning #financialfreedom #ideas #money #finance #tips

Retirement may seem far off, but it's important to start planning early. Whether you plan to retire in the next few years or decades from now, taking steps to prepare for your future can make a big difference. By starting early, you will have more time to save and invest, and you will be better equipped to weather any unexpected expenses. Plus, having a solid retirement plan in place can help alleviate stress and give you peace of mind, knowing that you are on track to achieve your financial goals. So, take the first step today and start planning for your retirement. Your future self will thank you. Get in contact for a complimentary discussion e: zachary.ockenden@devere-switzerland.ch #retirementsavings #retirement #investing #financialgoals #financialplanning

Retirement may seem far off, but it's important to start planning early. Whether you plan to retire in the next few years or decades from now, taking steps to prepare for your future can make a big difference. By starting early, you will have more time to save and invest, and you will be better equipped to weather any unexpected expenses. Plus, having a solid retirement plan in place can help alleviate stress and give you peace of mind, knowing that you are on track to achieve your financial goals. So, take the first step today and start planning for your retirement. Your future self will thank you. Get in contact for a complimentary discussion e: zachary.ockenden@devere-switzerland.ch #retirementsavings #retirement #financialsecurity #financialfuture #financialplanning

Question of the day - Can You Retire at 62 With $400,000? Retiring a little early with just $400,000 may be tempting, but it's certainly not a walk in the park. According to the 4% withdrawal rule, you could withdraw $16,000 from your Retirement accounts in the first year. That, combined with your Pension, would give you a total annual pre-tax income of nearly $32,000. However, it's worth noting that this budget won't leave much wiggle room for lavish or unexpected expenses. Are you up for the challenge? In summary following are retirement income stream options for most people. ✓ Pension ✓ Stocks & Bonds ✓ Annuities ✓ Other Investments such as Real Estate, etc. It is key to put a plan and working with a good financial advisor who is engaged with you is key. If you need help or want 2nd opinion on where you stand in your retirement journey - feel free to reach out to me. #kaur_eduempower #RetirementPlanning #EarlyRetirement #FinancialFreedom #RetirementGoals #InvestmentStrategies #FinancialAdvisor #RetirementIncome #PensionPlan #AnnuitiesInvestment #RealEstateInvesting

Question of the day - Can You Retire at 62 With $400,000? Retiring a little early with just $400,000 may be tempting, but it's certainly not a walk in the park. According to the 4% withdrawal rule, you could withdraw $16,000 from your Retirement accounts in the first year. That, combined with your Pension, would give you a total annual pre-tax income of nearly $32,000. However, it's worth noting that this budget won't leave much wiggle room for lavish or unexpected expenses. Are you up for the challenge? In summary following are retirement income stream options for most people. ✓ Pension ✓ Stocks & Bonds ✓ Annuities ✓ Other Investments such as Real Estate, etc. It is key to put a plan and working with a good financial advisor who is engaged with you is key. If you need help or want 2nd opinion on where you stand in your retirement journey - feel free to reach out to me. #kaur_eduempower #RetirementPlanning #EarlyRetirement #FinancialFreedom #RetirementGoals #InvestmentStrategies #FinancialAdvisor #RetirementIncome #PensionPlan #AnnuitiesInvestment #RealEstateInvesting

Retirement may seem far off, but it's important to start planning early. Whether you plan to retire in the next few years or decades from now, taking steps to prepare for your future can make a big difference. By starting early, you will have more time to save and invest, and you will be better equipped to weather any unexpected expenses. Plus, having a solid retirement plan in place can help alleviate stress and give you peace of mind, knowing that you are on track to achieve your financial goals. So, take the first step today and start planning for your retirement. Your future self will thank you. Get in contact for a complimentary discussion e: zachary.ockenden@devere-switzerland.ch #retirementsavings #retirement #investing #financialgoals #financialplanning