Attempt to maximize retirement savings: One of the best ways to plan for retirement is through your current place of employment. Most likely you have a retirement plan at your job and you should be aware of how much you are contributing and how much your job is matching these funds. The more you can contribute to this plan the better off you will be in the long run. Speak with your human resources professional to see if you are getting the maximum benefits, and if not find out where improvements can be made.
Don’t forget about your kids: By far your most prized possession. Kids rely on their parents for just about everything, no matter how old they get. Their views on money comes from their parents, so set a good example. Make sure you have their needs taken care of in the untimely event you are not around to see those special moments in their life (graduations, college, wedding, grand-kids). They will thank you for it in the long run.
Discuss money with loved ones: A major cause of divorce in America is money issues. Don’t hide any financial problems from your spouse, as this can cause a negative strain on your marriage, if and when they surface. Be open and honest about any debts you have accumulated over the years and together develop a plan of action for getting your financial house in order.
These are just a few tips you need to pay attention to in 2017. Visit our financial planning tips page for additional tips on planning for your financial future. It is never too early to develop a plan of action to start planning for your future. Don’t wait to develop a plan or get the help you need to put your financial house in order. Give the professionals at Assurance Tax & Accounting Group a call at 225-757-5518 to set an appointment for your complimentary financial consultation, or fill out the form on any page of our website.