Annuities Frisco TX: Prepare for Retirement
- Have a Plan and Stick to It
Make a budget. Those who plan are estimated to save 3 times more than those who do not. Remember to take into account that your expenses may increase during retirement.
- Diversify Your Portfolio
Investing in a 401(k) is a great way to start a retirement portfolio, but putting all your eggs in one basket is a common mistake. Incorporating low-risk options like Fixed Indexed Annuities Frisco TX or Deferred Income Annuities Frisco TX can provide much-needed balance.
- Don’t Wait – Start Now
Start saving for retirement as early as you can. The earlier you start saving, the more likely you are to meet your retirement goals. Even if you can only contribute 1% of your annual salary, it can add up quickly.
- Check Your Credit Card Debt
Pay off your credit cards on time. Waiting to pay off your credit cards is a fast way to accrue interest and lose money in the long run. Pay your credit card bills on time and put that extra savings toward your retirement savings fund.
- Make Saving an Automatic Habit
Set up automatic transfers. While it is easy to promise yourself that you’ll transfer money to a savings account each month, it is helpful to set up automatic transfers so that you aren’t tempted to spend the money.
- Plan for the Long Haul
When making a plan, don’t underestimate how long you’ll live. Prior to retirement, 48% of people reported that their longest-living relative reached 91 years or older. Saving accordingly ensures you have savings that will last as long as you do.
- Leverage Your Employer
Take advantage of free money. Consider contributing to your employer’s 401(k) plan or any other employer-sponsored plan or program available. Think of any match your employer is willing to make as essentially free money.
The real key to finding the best investment plan for your future lies with the experts. To learn more about annuities Frisco TX and other retirement planning options, call 972.992.1920 to consult with Jason Graziani, one of DFW’s leading financial advisors.
Annuities Frisco TX
15150 Preston Road, Suite 300
Dallas, Texas 75248