RETIREMENT IS JUST AROUND THE CORNER
Psalm 90:12 (NIV) “Teach us to number our days that we may gain a heart of wisdom.”
As we reflect on Psalms 90:12, we need to really understand that our days are numbered and we all are running out of time. It is not a hard concept to grasp, so why do so many people fail to plan for retirement? Our days are definitely numbered and to state the obvious, the older we get the less time we have left, so we need to start saving money now so we won’t have to work well past our planned retirement age. While this may sound harsh, it is a stark reality and if you continue putting off saving for retirement because you think you will live forever, you won’t be able to retire.
I want to share with you three things to think about so you have at least a fighting chance of retiring one day.
1. Picture what retirement looks like for you
I have found that when people visualize their dreams, goals, etc., they are more inclined to do something about it. If I told you to save X amount every month for X number of years, that very likely wouldn’t motivate you to start saving. But picturing yourself traveling the world or maybe doing that hobby you have always wanted to do, that is the stuff that will move you to take action. Go find a quiet place and close your eyes for a few moments and picture what retirement looks like for you!
2. Get your retirement number
There are many retirement calculators you can search for on the internet. One of my personal favorites is www.choosetosave.org/ballpark/. I am not affiliated in any way with the site, but I like to share this resource with others because it is an easy to use tool that can tell you how much you need in savings to fund a comfortable retirement.
3. Seek advice from a professional
For the non-DIY folks out there, I would recommend that you visit www.letsmakeaplan.org/. You can find some very useful articles and more importantly you can search for a Certified Financial Planner that can help you put together your financial roadmap to retirement.
I understand that there are any number of circumstances that make it difficult to save. Having kids, especially teens, can make putting money away very difficult. Some of you reading this might be facing significant medical expenses. All I can tell you is that putting something away now is better than saving nothing and circumstances change. Start saving today, and if you are already saving, consider saving more.
Article courtesy of ChooseNOW Ministries
http://nicoleodell.com/2015/02/retire...
As we reflect on Psalms 90:12, we need to really understand that our days are numbered and we all are running out of time. It is not a hard concept to grasp, so why do so many people fail to plan for retirement? Our days are definitely numbered and to state the obvious, the older we get the less time we have left, so we need to start saving money now so we won’t have to work well past our planned retirement age. While this may sound harsh, it is a stark reality and if you continue putting off saving for retirement because you think you will live forever, you won’t be able to retire.
I want to share with you three things to think about so you have at least a fighting chance of retiring one day.
1. Picture what retirement looks like for you
I have found that when people visualize their dreams, goals, etc., they are more inclined to do something about it. If I told you to save X amount every month for X number of years, that very likely wouldn’t motivate you to start saving. But picturing yourself traveling the world or maybe doing that hobby you have always wanted to do, that is the stuff that will move you to take action. Go find a quiet place and close your eyes for a few moments and picture what retirement looks like for you!
2. Get your retirement number
There are many retirement calculators you can search for on the internet. One of my personal favorites is www.choosetosave.org/ballpark/. I am not affiliated in any way with the site, but I like to share this resource with others because it is an easy to use tool that can tell you how much you need in savings to fund a comfortable retirement.
3. Seek advice from a professional
For the non-DIY folks out there, I would recommend that you visit www.letsmakeaplan.org/. You can find some very useful articles and more importantly you can search for a Certified Financial Planner that can help you put together your financial roadmap to retirement.
I understand that there are any number of circumstances that make it difficult to save. Having kids, especially teens, can make putting money away very difficult. Some of you reading this might be facing significant medical expenses. All I can tell you is that putting something away now is better than saving nothing and circumstances change. Start saving today, and if you are already saving, consider saving more.
Article courtesy of ChooseNOW Ministries
http://nicoleodell.com/2015/02/retire...
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