SEARCH:
Jul 30, 2014
 
Lake Texoma, North Texas, Southern Oklahoma web site for real estate, marinas, casinos, resorts, fishing guides, tourism and travel agencies, non-profits posting information about their business, news, photos, products and events keeps the public informed of what is going on.  Texomaland.com is the North Texas, Southern Oklahoma, and Lake Texoma local community business portal

Translate
 
 

Texoma Women's Center

Member Spotlight
 
 
Medicine Park Lodging
Joined on 10/6/2002
Category: Lodging
Medicine Park Lodging. Homes, Cottages & Bed Breakfast for rent at the foothills of the Wichita Mountains. Close to boating, swimming, fishing, gift stores, antique shops and restaurants. Make reservations on line or by phone

PO Box 412
Medicine Park, OK 73557
[view map]
Phone: 580-529-2182
Sisters of Lazarus on Sale at Amazon.com
'
TekWav - Ready to ride the wave?!
Asa Jessee - Financial Advisor
Chapin Title Company
Duke Walker - Texoma Law Firm
Click here to add your business!
 
 
News News
Lessons from "Save for Retirement Week"
Article By: by Edward Jones - Asa Jessee,CRPC? - Financial Advisor
Posted: 10/15/2013 Views: 3351  Impressions: 7115
Categories: Financial: Investment, Financial: Retirement, Local News



FINANCIAL FOCUS

Provided by: Asa Jessee, Financial Advisor

- Oct. 14, 2013

Congress has designated the third week in October as National Save for Retirement Week - which means it's a good time to think about your own retirement savings strategies.
Ensuring that you have enough money to support your chosen retirement lifestyle is certainly important. Unfortunately, many of your fellow Americans have apparently not done enough in the way of building retirement savings to ease their minds. Consider these figures, taken from the Employee Benefit Research Institute's 2013 Retirement Confidence Survey:

* 49% of those surveyed said they are not confident about being able to afford a comfortable retirement.

* Just 46% of survey respondents say they and/or their spouse have even tried to calculate how much money they will need to live comfortably in retirement.
What steps can you take to gain confidence in your ability to retire in the manner you have envisioned? Here are a few suggestions:

* Envision your retirement lifestyle. At what age do you want to retire? When you retire, do you plan to travel or stay close to home and pursue your hobbies? Will you do some part-time work or consulting? It's important to identify your retirement goals and then, as best as possible, estimate how much they will cost. Once you know what your retirement goals look like, you'll be able to shape a strategy for achieving them.

* Contribute as much as you can afford to your retirement accounts. No matter what your retirement goals may be, you'll help yourself by contributing as much as you can possibly afford to your IRA and your 401(k) or other employer-sponsored retirement plan. (At a minimum, put enough into your 401(k) to earn your employer's matching contribution, if one is offered.) And if you reach the point where you can "max out" on these plans, look for other tax-advantaged investments to which you can contribute.

* Invest for growth. To help you reach your goals, you'll want to include a reasonable percentage of growth-oriented vehicles in your retirement accounts. The exact percentage will depend on your risk tolerance and your specific objectives, but it's important to have that growth potential. Keep in mind, though, that investing in growth-oriented vehicles involves market risk and possible loss of principal.

* Review your progress. At least once a year, review your portfolio to determine if its performance is still on track to help you make the progress you need to reach your goals.

* Make changes as needed. If your investments are simply underperforming, you may need to make some changes. And in the years immediately preceding your retirement, you may also need to adjust your holdings, possibly by moving some dollars from growth-oriented investments to income-producing ones. However, even at this stage of your life, you may still need your portfolio to provide you with some growth potential - you could be retired for two or three decades, so you'll want your money to last and to stay ahead of inflation.

National Save for Retirement Week comes just once a year. Take its message to heart.

This article was written by Edward Jones for use by Asa Jessee, your local Edward Jones Financial Advisor.

###

Like us on Facebook at www.facebook.com/EJAdvisorAsaJessee and connect with us on Linkedin at www.linkedin.com/in/asajessee

***************************************
PLEASE NOTE OUR NEW ADDRESS:

400 E Taylor St., Suite 200
Sherman, TX 75090
(903) 891-1745

***************************************





Send this story to a friend


Additional Links


Related Categories