pguitar January 1, 2016 3 Comments

It is time to take stock of your current position, and your current portfolio. Do a complete inventory of your financial plan, and make a plan to get it back up to speed if you have gotten behind your goal.

FOCUS

We all fall into four main groups:

Aspirers – You’re just starting out, with big aspirations. You are evaluating how to get your financial plan organized. Retirement, insurance, health care, etc.

Acquirers – Life is shaping up nicely! You’re starting a family and acquiring big purchases like a home. You have much more to protect.

Refiners – Your life is on track, perhaps kids are heading to college. Time to refine your financial plan.

Celebrators – Celebrate the reward of a full life….and help protect it. Assess your financial preparation!

GET UP TO FINANCIAL SPEED IN 2016!

It is time to take stock of your current position, and your current portfolio.  Do a complete inventory of your financial plan, and make a plan to get it back up to speed if you have gotten behind your goal.

GOALS FOR 2016

Start getting tax information ready for April 15, 2016.

Look to start a tax sheltered 403b or IRA to cut your income taxes and build a retirement portfolio.

Look at adjusting your Adjusted Gross Income to get your taxes into a “lower” tax bracket!

FYI

403b Plans and Teachers’ Retirement Options

Advice IQ: 10 tips for a brighter money future

RETIRING IN 2016?

If you are planning on retiring in 2016, start now with planning.  Contact TRS to get a complete retirement packet, and look into transferring part of your TRS, called a Partial Lump Sum Option, into an IRA that you can your family can control.

MEDICARE APPLICATION

While many of you are far removed from the age for Medicare, those of you that are getting near, can help yourselves by making application 3 months before your birthday month.  Your medicare will begin on the first day of the month of your birthday.

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