Happy Monday Everyone,
I hope you had a fantastic weekend. Mine was mixed with happy and sad moments. The happy moments came from watching my little cousin graduate from 5th grade, spending time with my bonus children and having some adult, relaxation time 🤗. The sad moments were finding out someone close to the family fell, went into a Diabetic coma and died at the age of 52, my cousin’s wife was taken off of life support after battling Cancer for 8 months and another cousin’s best friend, 45, being laid to rest after battling Cancer for 1.5 years. It has been an emotional weekend, to say the least, but I’m glad to see another day. Since this has been a friendly reminder week to make sure the people I’m in contact with are set, I must ask you “What Financial Moves Have You Made So Far?”🤔
There are so many things we need to have in order while alive and well, that there’s no time like the present to make sure we’re set.
Let’s talk about the top 2:
Life Insurance and Retirement Planning
Life Insurance – Life Insurance will be the backbone of keeping your family lifestyle in tact. Whether it’s used to accumulate cash value OR needed just in case there is an unexpected demise, you know it’s there. The young lady who passed away had no life insurance and her kids were left trying to bury their mother and move on without her OR her income. I had another client whose nephew passed away suddenly. They had no money to bury him BUT because my client had a permanent policy for the past 20 years, she was able to take out a TAX FREE loan and pay for the services. Please, do your research and find the best, affordable budget for a plan OUTSIDE of work. You will be glad you did it while you are young and healthy. Go Fund Me is NOT life insurance.😯
Retirement Planning done properly can ensure you retire comfortably without the worries of having to go back to work. Make sure you are contributing as much as you can. Remember, tax deferred money grows faster than putting money in your savings account 😁 Inquire about having a pension, which is NOT a 401K plan. They are two different types of retirement plans. Pensions are usually given if you worked somewhere for 3-5 years. 401 K Plans usually start when you do or a year after. If you were laid off, move your money to a company that’s reputable and start a new one. If you’re no longer working there, why should your money still be? Most companies DO NOT offer pensions anymore, so it is important to plan. Also, keep in mind, inflation will have more of your dollars doing less, so save, save, save!
The present and the future is what we all need to focus on. Since procrastination increases the pain, take advantage of your age, health and paycheck. Start getting your protection for your loved ones in order❤❤ and set yourself up for your golden years 👵👴👳
If you have any questions or would like any quotes, please reach out on here or email me at: firstname.lastname@example.org
Next week’s topic: post some ideas or questions on here and I will build a blog. I have so many things to discuss but want to hear from you too 😄
Have a beautiful and blessed week.
Changing the lives in our community….one family at a time.