How you spend your retirement depends a lot on how you’ve spent the years leading up to it. For National Retirement Security Week, FMS Bank has a few tips on some simple steps you can take to make the most out of yours.
Can’t wait to retire? Don’t wait to plan for it.
It’s never too early to start planning for retirement. One of your first steps is to have a savings goal, and there are a number of tools to help you calculate how much you’ll need. Once you see the finish line, figure out the best way to reach it. At FMS Bank, we’re here to help.
Retiring soon? Play it safe with your savings.
As you get closer to retiring, it’s important to make sure your investments are going to be at the levels you’ve been planning on. It’s not time for anything that’s going to wildly fluctuate in value. That may mean moving them into safer investments, or even savings. Talk to us. We’d be glad to help you make a plan.
Plan for a second act.
Life expectancy is going up. So is the cost of living. Which means retirement may still mean working—and that’s not a bad thing. In addition to taking some of the stress off your retirement savings, staying active and engaged keeps retirees happier and healthier. Maybe there’s a career you always wanted to try, or a hobby you always wished you could do for a living. Start laying the foundation now!
The bottom line when it comes to retirement security is the bottom line. While you might win the lottery, chances are a better plan is to make a plan—and stick to it.