It’s your money. Why not make the most of it?
The same excuses generations of people have used may be the same ones you are using today. What are your excuses?
While growing up, you probably heard many of the same old wives’ tales I did: if you keep making that face, it will freeze that way. Coffee stunts your growth (or makes hair grow on your chest). You can’t go swimming for 30 minutes after eating, or you will get cramps and drown. We’ve all heard them, and some, you may still believe. I’d like to dispel a few common financial myths.
Want to retire in good financial shape? Here are some tried-and-true tips from local experts Kathy Rogers and Janera Harvey.
As Adopt a Grandparent Day becomes a two-pronged outreach, businesses and organizations are encouraged to adopt a participating facility – which involves buying, decorating, filling and delivering treasure boxes to their facility and providing volunteers for in-person visits.
Like all scary stories, mine opens peacefully. You and your spouse are enjoying your retirement. Your health is good, and you are doing all the things you dreamed of together. Then, suddenly and tragically, you lose your spouse. As you struggle to deal with your grief, the next trauma comes. You discover that the documents you signed several years ago when your spouse retired don’t have a loophole, and in addition to losing your spouse, you’ve also lost a substantial portion of your income.
One of the few things people know about Social Security is that they’re required to pay a portion of their earnings into the government social insurance program in hopes of receiving a monthly income upon their retirement. An annuity, when properly designed, also can provide guaranteed income in retirement and reduce the risk of outliving your savings.
Like all things, annuities have positive and negative aspects. Here are some common myths about annuities, along with the facts.
Having an honest conversation about finances with your future spouse can save you lots of anxiety and arguments in the future. Just like planning for a romantic date night, I encourage you to plan the environment for your financial discussion. Here are a few financial topics I suggest you discuss before saying “I do”.
Unfortunately, divorce is on the rise among all age categories. If you find yourself in a situation where divorce looks inevitable, or you already are in the process of divorce, here are a few financial tips you should keep in mind.
With everything going on in your life, why do you make time for your annual physical? Maybe your insurance covers it. Maybe you want to ensure you are in good physical shape and catch any potential problems early. I believe the same can be said for your financial health. To ensure you are in good financial condition and stay that way, you must take time for an annual financial review with a professional.
Kathy P. Rogers
“The process of planning for the unexpected begins with a conversation. I want to get to know you – your dreams, your goals, your passions. I want to know what makes you who you are. My goal is to listen, then help you design a plan that aligns with all these things as well as your budget.”
Marston Rogers Group
Kathy Rogers is owner and VP of Marston Rogers Group, a financial services and life insurance business. As a Life Planner, her passion is to help individuals and businesses review where they are, then help them design and implement life and retirement plans as well as business exit strategies. Through proper planning and execution, the financial anxiety surrounding life goals and retirement can be greatly reduced.