July 2024
Ryan Hitchcock, CPWA?
Financial Planner at High Point Capital Group Planning & Wealth Management
Welcome to the July edition of the Financial Breakaway Newsletter! Amid the hustle and bustle of summer vacations, gatherings, and outdoor fun, it's the perfect time to review your budget and account for seasonal expenses. Let's make July the month where your financial breakaway begins—read on for valuable advice and strategies!
Newsletter Highlights
?? Retirement: Redesigning Retirement
?? Mid Career: Three Details That Matter for a Successful Retirement
?? Short Shifts: What I’ve been reading
?? Webinar Replay: Navigating The Social Security Maze
? Open Virtual Office Hours: Mondays & Fridays!
??QUIZ TIME??: By what year will one in four U.S. workers be 55 or older, and close to one in ten be 65 or older?
A.) 2035
B.) 2032
C.) 2034
D.) 2030
*Answer below
? Retirement ?
What I’ve Been Reading…
Redesigning Retirement
In "Redesigning Retirement," authors Ken Dychtwald, Robert Morison, and Katy Terveer emphasize the urgent need for businesses to rethink their approach to older workers. As companies face unprecedented talent shortages, with 77% reporting staffing gaps, and with significant numbers of Baby Boomers reaching retirement age, there's a critical opportunity to leverage the experience and skills of older employees.
Key points from the article include: Talent Shortages, Aging Workforce, Strategies for Engagement and Global Trends.
By embracing new strategies, businesses can create a win-win scenario where older adults remain active and engaged, benefiting themselves, their employers, and society at large.
My thoughts on this article…I see a growing trend of clients seeking meaningful work beyond traditional retirement. ?They see it as new chapter of life and chance to explore other purposes and not just for “rest and relation.” ?I think this is a great opportunity as a great opportunity for both retirement aged individuals and employers to fill this upcoming talent shortage.
领英推荐
? Mid Career ?
What I’ve Been Reading…
Three Details That Matter for a Successful Retirement
The article emphasizes the critical importance of focusing on details when planning for retirement, drawing an analogy to fictional crime fighter Jack Reacher’s investigative approach. Many individuals overlook essential aspects of their financial planning, rushing to investment solutions without thoroughly assessing their current financial status, future needs, and risk tolerance. Overall, the article stresses the value of meticulous planning and regular reviews of one's financial situation to build a robust retirement strategy.
My thoughts on this article…Small, incremental changes can significantly impact long-term financial health. Creating a “Retirement Plan” isn’t a one-time event...it's a living, breathing plan that should be adjusted with you as your life and retirement evolves.
? Short Shifts ?
? Webinar Replay ?
Answer:
B.) 2032
?Source: HarvardBusinessReview.com
Ryan Hitchcock
Financial Planner
High Point Capital Group
Direct: 414-253-4611
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