You’re getting ready to retire. How can you make sure you’re financially prepared?

Entre más joven empieces a prepararte mejor, desafortunadamente no tomamos en cuenta el retiro hasta que lo tenemos en puerta, si este es el caso la recomendación es asegurar que tus gastos corrientes no sobrepasen tu pensión e ir reduciendo al máximo tus deudas. Altamente recomendable es que no dejes de generar ingresos, la ley te permite trabajar aunque estés pensionado, revisa con el IMSS las condiciones

Prepararse financieramente para la jubilación es crucial para garantizar una transición tranquila y segura a esta etapa de la vida, algunas recomendaciones: Evalúa tus gastos actuales y futuros. Crea un presupuesto de jubilación. Calcula tus fuentes de ingresos durante la jubilación. Ahorra e invierte sabiamente. Planifica para los cuidados médicos. Elimina deudas. Revisa periódicamente tu plan financiero. Considera tu planificación patrimonial. Establece un fondo de emergencia. Investiga opciones de jubilación anticipada. Al seguir estos pasos y planificar con anticipación, puedes aumentar significativamente la probabilidad de tener una jubilación financieramente segura y cómoda.

Surely assessing your expenses and income is the start of good financial planning, a simple excel sheet will help you do that. In some countries its mandatory that you take some percentage of your income and itgoes to your pension and some is paid by the company your work for... this different from one county to another. That is planned for you by your company in accordance with the law. What you can do is to have an additional saving for your future, and if you can get in the habit of saving a percentage of your income every month you will have better retirement days.

personally I never worked where I had access to a pension, so I was late in life before I started planning for retirement. when I did, I went in big. I invest mainly in high risk - high reward investments. mainly only 2 within the 401K and Roth portfolio ; Insurance companies and health care companies. they have all the profits. and their performance is good because everyone needs them.

A Comprehensive Guide to Assessing Your Income and Expenses Assessing your income and expenses is a fundamental aspect of financial management and planning. Whether you're preparing for retirement, saving for a major purchase, or simply aiming for greater financial stability, understanding your financial inflows and outflows is essential. In this guide, we'll explore the key steps involved in assessing your income and expenses effectively.

When we used to deal in cash, debt was only when necessary. now adays with the credit cards and the many number of them its very easy to find young people who have their credit cards fully to the limit and that limt can be in 10's of thousands of USD multiply that by the number of credit cards it adds up to hundred of thousand of USD. it is tempting to buy everything you like but what you should really do before buying is to ask yourself do you need it . you will probably 80 to 90 percent of the time you dont need it, but it is good to have. Change the habit and your debt will automatically reduce.

All of us work hard to finally retire and enjoy our lives. If possible try and pay your house off. Pay off all your debt. Ask family members to help you achieve this. Sorry but the reality is retirement can be out of reach for many. Reason is, inflation will outpace your retirement $$. Your currency is losing value daily. Watch the price of gold. Reason it is going up is because your currency is losing value. I do not want to be a gloom and doom person. Fact: every 100 days in the US the debt increases $1trillion. Retirement- what is the definition? IMHO

To reduce debt, prioritize high-interest debts, create a repayment plan, cut discretionary spending, negotiate lower interest rates, and increase income. To increase savings, set goals, automate contributions, review your budget, maximize employer benefits, and track progress.

Uma das melhores maneiras de se preparar para a aposentadoria é reduzir suas dívidas antes de parar de trabalhar. Isso inclui pagar hipotecas, empréstimos estudantis, cart?es de crédito e quaisquer outras dívidas pendentes. Ao mesmo tempo, concentre-se em aumentar suas economias, contribuindo regularmente para sua conta de aposentadoria, investindo em veículos de poupan?a de longo prazo e mantendo uma reserva de emergência para despesas inesperadas.

En este punto es CLAVE y MUY IMPORTANTE. Saber tu capacidad de endeudamiento. Lo ideal es que no supere el 33% de tus ingresos. Y comenzar a potencializar tus ahorros. Por muy peque?o que pienses que pueda ser tu aporte, cuando lo haces constante, disciplinado y lo conviertes en parte de tus hábitos, veras que cuando llegues a tus 65 a?os volteas al pasado y le dirás "Gracias a Dios que lo hice". Usa las TDC y Prestamos personales para crear un historial crediticio favorable que te permitirán abrir la puerta a mas instrumentos financieros. Invierte en Planes Garantizados y si tu nivel de "riesgo" te lo permite, invierte en instrumentos bursátiles. A los 65 y mas puedes seguir siendo productivo. Es cuestión de Actitud.

Reviewing your investment strategy and risk tolerance is essential for maintaining a balanced and effective portfolio. Regularly reviewing your investment strategy and risk tolerance ensures that your portfolio remains aligned with your financial objectives and comfort level. By staying proactive and adaptable, you can optimize your investment approach and work towards achieving your long-term financial goals.

à medida que se aproxima da aposentadoria, é importante ajustar sua estratégia de investimento para refletir seus objetivos de aposentadoria e sua tolerancia ao risco. Considere reduzir a exposi??o a investimentos de alto risco e priorizar op??es mais conservadoras que possam proteger seu capital e fornecer um fluxo de renda estável durante a aposentadoria.

Durante tu vida laboral mas intensa, entre los 25 y 45, procura generar un patrimonio, así sea peque?o o consideres que pueda ser peque?o. Lo importante es tenerlo. Una Estrategia es generar ahorros, que puedan ir creciendo en el tiempo. Ejemplo: 1. Una Póliza de Vida con Ahorro. Cuando la contratas a los 25 a?os y tu periodo de pago de prima, son los primeros 10 o 15 a?os. Tu Dinero tendrá mínimo 20 a?os para estar trabajando solo. (en México puedes hacerlo en UDis) 2. Si tu nivel de Riesgo es moderado, hay soluciones que te permiten entrar en la bolsa de inversión con montos bajos. 3. Si tu nivel de Riesgo es mas alto, entonces hay instrumentos que te permiten ingresar a la bolsa de inversión y tener rendimientos mas atractivos.

Just invest in yourself! Cash in, spend it all enjoying your life. Set up passive income streams in the new digital era, find new friends, follow your dreams, teach and encourage. The definition of retirement is: “the act of going away or retreating” don’t, get front and centre, you have so much more to offer after you stop working!

Better that you invest in your health by living well, exercising regularly, eating food as your medicine, not medicine as your food, share happiness, live in the future and forget the past (it’s not coming back).

To plan for healthcare and long-term care costs, assess current insurance coverage, estimate future expenses, research options like long-term care insurance, create a budget, explore alternative funding sources, consider Medicaid eligibility, prioritize health, and regularly review and update your plan.By proactively planning for healthcare and long-term care costs, you can better prepare for potential expenses in retirement and ensure financial stability and peace of mind for yourself and your loved ones.

Os custos relacionados à saúde s?o uma das maiores preocupa??es durante a aposentadoria. Certifique-se de entender os custos associados ao seguro saúde, medica??o, exames médicos e tratamentos. Além disso, considere a possibilidade de precisar de cuidados de longa dura??o no futuro e planeje antecipadamente como cobrir essas despesas, seja por meio de um plano de seguro de cuidados de longa dura??o ou outras estratégias de financiamento.

Plan for health care and long-term care costs for health care and long-term care costs. Health care is one of the biggest expenses in retirement, and it can vary depending on your health status,

En este punto es MUY IMPORTANTE. Porque una vez que invertiste, fuiste productivo, pensaste en tus ingresos a futuro y para tu vejez, TU SALUD no la puedes descuidar. Y aquí lo ideal es tener una Póliza de Seguro de Gastos Médicos que te cubra en edad avanzada (que si las hay) y otra es PROTEGER TU FAMILIA, TUS INVERSIONES Y TU SALUD, con una Póliza de Seguro de Vida. Póliza que le servirá a tus beneficiarios en caso TU perdida física y que les genere tranquilidad ante las adversidades que le puedan llegar. Y así no malbaratar los activos que lograste con esfuerzo.

Updating your estate plan and beneficiaries is crucial to ensure your assets are distributed according to your wishes. Here's what to do: 1:Review Your Estate Plan 2:Update Beneficiaries 3:Consider Life Changes 4:Consult Professionals 5:Communicate Your Wishes 6:Regularly Review

à medida que sua vida muda e você se aproxima da aposentadoria, é importante revisar e atualizar seu plano patrimonial regularmente. Isso inclui a designa??o de beneficiários para suas contas de aposentadoria, apólices de seguro e outros ativos, além de garantir que seus documentos legais, como testamentos e procura??es, estejam atualizados e reflitam seus desejos e circunstancias atuais.

In retirement, your income will drop drastically. So prior to retirement, you should make a number of key investments to ensure that you will have sufficient cash flow in retirement. Examples of such investments are: 1) A toque. 2) A good mask. 1 and 2 can be substituted with pantyhose, but really the mask and toque is best. 3) A stolen credit card. You'll need this for (4) and (5). 4) A fake driver's license. Pay for it with (3). 5) A rented car in your fake name. Pay for it with (3). 6) A map showing where local banks are. 7) Sufficient PTO to case the local banks and figure out the least secure one. With these small investments, you'll be able to ensure yourself a very lucrative retirement.

Only ever take advice from someone who is retired, the financial planners, attorneys, advisors etc al are resources with no experience of retirement because they haven’t been old. Once you hear from a few retirees, you’ll get the low down and be able to advise the advisors on what you need not what they recommend.

La jubilación es una etapa muy importante de la vida de cualquier ser humano, implica afrontar la etapa final no solo de una vida laboral, sino también en general de todo lo que nos esforzamos y trabajamos durante tantos a?os. Es importante considerar elementos financieros (el modelo de jubilación y la modalidad de ley en la que entramos para el caso de México), deudas ante instituciones financieras o bien particulares, elementos de salud (referente a gastos médicos mayores o bien seguridad social y sus servicios) y finalmente revisión de planes de retiro contratados de manera individual - siempre hay q tratar de contratar estos a buena edad para que cuando llegue el momento, sea un fondo extraordinario.

Estime suas fontes de renda durante a aposentadoria: inclua benefícios do INSS, planos de previdência privada, investimentos e outras fontes de renda. Considere o impacto da infla??o e do aumento da expectativa de vida em suas finan?as: certifique-se de que seus recursos ser?o suficientes para cobrir suas despesas ao longo dos anos.

To prepare for retirement, start planning at least 10 years prior. Review investments, prioritize stability, and reduce risks. Assess expenses, pay off debts, and handle home repairs. Shift investments to secure options like bonds. Schedule health check-ups and review insurance. Plan hobbies for a fulfilling retirement. Consider downsizing living arrangements and explore supplemental income opportunities. Seek financial advice to ensure a smooth transition.

Financial planning is important, but most of us start doing it and then dont continue, not because we dont want to but because life sometimes forces you to break your plans. how many of us have had some good savings and was counting on it; when a family member or a dear friend fell in a dire situation and you had to put some of that money because you felt your social responsibility calling you. Situations like these sometimes forces you to get out of your normal plans. Always keep faith in God and your self and try to revert back to the plans, and remember; what ever good you do will someday bounce back.

You are a rich resource of stories and a bit of relevant knowledge. In today’s horizontal world, vertical communication is drastically lacking. Monetise yourself, get into digital communications, blogging, authority marketing etc and help today’s consumers understand the value of financial and geographic freedom. Advise them to stop ‘working for the man’ and heed your advice to become independent before its too late. Don’t let your knowledge go to the grave with you! Cheery huh?