Retirement Planning Archives

6 11, 2020

Warming Up for Retirement
Warming Up for Retirement

Warming Up for Retirement

BML Wealth Marketing2020-11-06T19:51:45-08:00November 6, 2020|Retirement Planning|

Almost everything we do has some type of a preparation process or warm-up routine. From playing golf to driving a car, every activity has certain steps that should be taken before you begin, and retirement is no different. This next period of your life requires some warming up – financially and otherwise. Preparation is everything in life. Think of a pilot performing their pre-flight routine and inspections. They walk around the entire plane looking for any visual problems on the body, wings, landing equipment, tail, and nose to make sure it looks proper. Next, they [...]

23 10, 2020

Your Retirement Should Be What You Want It to Be
Your Retirement Should Be What You Want It to Be

Your Retirement Should Be What You Want It to Be

BML Wealth Marketing2020-10-23T11:38:26-07:00October 23, 2020|Lifestyle, Retirement Planning|

For decades you've done what's expected of you - work hard for a living, take care of your loved ones, and often forgo putting yourself first. That all changes in retirement. Whether you're traveling, volunteering, taking up new hobbies, or relaxing with friends and family, retirement is a time to unwind and do something you enjoy. One thing that's great about life in retirement is the freedom you have to choose how you want to spend your time and the people you want to surround yourself with. You’re in control of your future, and your [...]

19 10, 2020

The 3 Biggest Concerns You Could Face In Retirement
The 3 Biggest Concerns You Could Face In Retirement

The 3 Biggest Concerns You Could Face In Retirement

BML Wealth Marketing2025-02-05T21:58:19-08:00October 19, 2020|Retirement Planning|

When you think of retirement, you might think of the vacations you’ll go on and all the free time you’ll enjoy with friends and family. There’s so much to enjoy about retirement, but it also comes with its challenges. Some of the biggest concerns you could face in retirement could be market volatility, an increased tax burden, and not having enough retirement income. Ultimately, all of these likely come from a fear of running out of money in retirement, which remains a top financial concern among retirees.[1] However, you can create a financial plan to [...]

20 09, 2020

3 Options for Your 401(k) When Leaving Your Job
3 Options for Your 401(k) When Leaving Your Job

3 Options for Your 401(k) When Leaving Your Job

BML Wealth Marketing2020-09-20T20:47:11-07:00September 20, 2020|401K, Financial Planning, Income Planning, Retirement Planning|

If you’ve ever left a job, you may have had to decide what to do with your old 401(k). You might have rolled it over into a 401(k) at your new job or even forgotten about it when you were younger. But if you’ve recently lost your job, retired, or left your job for another reason, you may be wondering how to make the most of your 401(k). There are many options, and the right one depends on your age, retirement goals, and overall financial situation. To start, here are three options for your 401(k) [...]

24 08, 2020

4 Goals to Meet When Crossing the Retirement Finish Line
4 Goals to Meet When Crossing the Retirement Finish Line

4 Goals to Meet When Crossing the Retirement Finish Line

BML Wealth Marketing2025-02-05T21:59:33-08:00August 24, 2020|Retirement Planning|

You have so much to celebrate and look forward to as you near and enter retirement: Retirement means the end of a long career, but the beginning of something new, and the “what” is up to you. The way you finish the race can impact the rest of your retirement, whether you’re approaching retirement or have recently retired. Meeting your goals when crossing the retirement finish line means having a comprehensive plan in place that covers these four key areas of retirement planning. Meeting Savings Goals Saving enough for retirement can be difficult while sending [...]

2 08, 2020

Pension Or No Pension, Have a Plan for Creating Retirement Income
Pension Or No Pension, Have a Plan for Creating Retirement Income

Pension Or No Pension, Have a Plan for Creating Retirement Income

BML Wealth Marketing2021-08-01T22:06:28-07:00August 2, 2020|Retirement Income, Retirement Planning|

Here's proof that funding retirement has changed: In 1970, 45% of private-sector employees were covered by a pension plan.[1] Now, 4% are covered.[2] Pensions have largely been replaced by 401(k), IRAs, and similar retirement plans, and retirees must find a way to make their savings last throughout retirement. If you are lucky enough to have a pension, you still have important decisions to make as to how you want to receive payments. Pension or no pension, you should have a plan for creating retirement income. Can You Rely On Your Pension? Last year, General Electric [...]

26 07, 2020

3 Things to Know About Your 401(k)
3 Things to Know About Your 401(k)

3 Things to Know About Your 401(k)

BML Wealth Marketing2020-07-26T15:02:45-07:00July 26, 2020|Financial Planning, Retirement Income, Retirement Planning|

We all know that a 401(k) is one of the most important retirement planning tools we have. The potential tax benefits and power of compound interest can make it a great saving and investment tool for anyone who practices financial discipline and contributes regularly. There are several important things to know about your 401(k), such as how much you can contribute, options for your 401(k) when you leave your job, and how much you are paying in 401(k) fees. You Have Options for Old 401(k)s When you leave a job, you can either cash out [...]

20 07, 2020

3 Things to Know If You Don’t Want to Leave Your Retirement Income to Chance
3 Things to Know If You Don’t Want to Leave Your Retirement Income to Chance

3 Things to Know If You Don’t Want to Leave Your Retirement Income to Chance

BML Wealth Marketing2020-07-20T13:44:08-07:00July 20, 2020|Retirement Income, Retirement Planning|

If you're nearing the end of a long career or have recently retired, you know something about what it takes to be successful. Luck can help, but hard work and proper planning are much more important. It's the same with retirement. Deciding where your income will come from, working to help minimize your tax burden, and knowing how much you're paying in fees are important parts of creating a solid retirement plan. Here’s what to know if you don’t want to leave your retirement income to chance. Know Where Your Income Will Come From Once [...]

10 07, 2020

Preparing for Retirement Is Like Planning Your Summer
Preparing for Retirement Is Like Planning Your Summer

Preparing for Retirement Is Like Planning Your Summer

BML Wealth Marketing2020-07-10T15:48:45-07:00July 10, 2020|Retirement Planning|

Summer is here, and whether you’re going to relax, visit friends, or take a trip, it’s important to consider how you will spend your time. As a kid, you probably looked forward to summer vacations where you had a break from responsibilities and your time was your own. Retirement is similar, except that it lasts for decades instead of months. Summer is definitely a time to relax, but it’s also the perfect time to start preparing for retirement. What Will You Do? On average, we spend more time every year planning for vacations than planning [...]

3 07, 2020

Are You Ready for Endless Summer?
Are You Ready for Endless Summer?

Are You Ready for Endless Summer?

BML Wealth Marketing2020-07-03T11:41:51-07:00July 3, 2020|Retirement Planning|

It’s time to start planning your summer, and whether you’re going to laze around on the beach, visit friends, or take a trip, it’s important to also start thinking about your retirement plan. On average, we spend more time every year planning for vacations than planning for retirement – and retirement is much longer than any vacation you will take. Summer is definitely a time to relax, but it’s also the perfect time to think about what you want your future retirement, the endless summer, to look like. Start off with the “What” If you [...]