Many people in the Greenville, SC, area find their forties are the ideal time to start serious retirement planning. This is the time of life when most professionals are earning top level income and have reached a level of success in their career.
This is also a time when many people are able to finally pay off student loans and reduce their other types of debt. Some couples may have paid off their mortgage or are able to refinance at a lower interest rate and reduced monthly payment, allowing more possibilities for retirement savings and planning.
Talking to Matt Dixon, a Registered Financial Consultant, is a great way to plan for retirement in or around Greenville, SC. As an experienced financial consultant, Matt Dixon works with clients to determine their goals for the future, assess the long-term financial needs, and then create a customized approach to building this wealth.
Use Your Employer
Whether you are a business owner or are employed by a company, finding ways to maximize your investments and reduce your taxes at this time offers a double benefit. Most people have some investment in a 401(k) or IRA, and this is the time to maximize those investments.
Make sure, if the opportunity is there, to maximize all contributions if there is an employer match. This is a highly effective way to build your retirement fund quickly.
Utilizing Other Investment Options
Working with Matt Dixon helps to reduce your taxes and invest that money in other investment opportunities. Look for accounts, such as savings for tuition costs for kids, as a way to reduce taxes.
Other investment factors, including ensuring the correct insurance coverage and protection, are other options to consider when planning for retirement.
