Are you ready for retirement? Checklist

Getting started...Your 20s and early 30s
__ Start saving right away
__ Try to save ten percent of income
__ Join employer's retirement plan
__ Use IRA and other vehicles if your employer has no plan
__ Use solo 401(k), SEP, SIMPLE, Keogh or similar plan if self-employed
__ Invest as aggressively as you are comfortable with
__ Don't cash out retirement account

Working on it...Your 30s through your 40s
__ Continue saving despite other expenses
__ Save at least 10 percent
__ Save for retirement before college
__ Have adequate insurance and emergency fund
__ Don't invest too conservatively
__ Avoid tapping into retirement accounts

The home stretch...Your 50s and 60s
__ Boost savings to 20 percent or more
__ Take advantage of catch-up provisions
__ Maximize tax-deferred contributions
__ Begin to shift into lower-risk investments
__ Start focusing on retirement lifestyle
__ "Practice" retirement
__ Share dreams with spouse
__ Calculate "realistic" retirement resources

Retired at last...
__ Determine how much money to withdraw each year
__ Determine which accounts to withdraw from
__ Remember required minimum distributions
__ Invest more conservatively
__ Don't abandon stocks
__ Hold two to three years' living expenses in cash equivalents
__ Adjust lifestyle if needed
__ Polish your estate plan

 

Contact Information

Telephone

(602)485-3896

Postal address

13835 N. Tatum Blvd. Ste. 9-422 Phoenix, AZ 85032

Electronic mail

General Information: info@azmythfinancial.com
Sales: sales@azmythfinancial.com
Customer Support: support@azmythfinancial.com
Media Inquiries: pr@azmythfinancial.com

Webmaster: web@azmythfinancial.com

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