TAKE A FRESH LOOK AT YOUR GOALS – MAY 2017

Revisit your fiscal and financial priorities each day
–by Jeff Bucher
PUBLICATION DATE: MAY 2017

Jeff Bucher
Jeff Bucher

 

 

 

 

 

 

Help Boost Your Retirement Savings with These Simple Tips:
No matter where you are in your life, saving for retirement is likely one of your most important financial goals. But, even if you have professional guidance and a clear strategy for your desired future, you could still be missing some straightforward ways to maximize your savings.

We are always here to help you address major life events and financial changes, but we also want to share some simple ways to increase your savings now.

Reevaluate Small Budget Items
Changing major aspects of your budget — such as your housing or healthcare costs — can significantly impact your savings potential, but may also take time to implement. To start saving more today, look at the little places where you spend money and see where you can trim your expenses. For example, do you eat lunch out every day or buy a specialty coffee most mornings? Do you have entertainment packages you aren’t really using, such as cable TV or online memberships? Saving a few dollars each day can add up to thousands of dollars over a year, which is money you can put toward your retirement.

Remember to Imagine the Retirement You Desire
Effective retirement strategies often focus on building a clear vision of how you would like to spend life after your career. As you go about your daily life and make financial decisions, how often do you reflect on this vision? Rather than only thinking about your retirement goals during financial reviews or major choices, start incorporating this picture into your regular decision-making process. For example, each time you make a purchase, ask yourself if you’d rather have this item or put the money toward the retirement you desire. You may discover that by grounding each purchase in this way, you spend less on items you don’t really care about — and have more money to put toward the retirement you’ve dreamed about.

Invest Additional Funds
When you receive a raise, bonus, tax refund, inheritance, or other financial windfalls, spending the funds can be very tempting. Instead, if you choose to invest this money into your retirement, you can boost your savings without affecting your current bottom line.

Saving for retirement is a big responsibility, but it does not have to be a burden. With these simple changes — and support from professionals who care about your future — you can focus on creating a lifestyle that matches your dreams.

 

Jeff Bucher is the President and co- founder of Citizen Advisory Group, a comprehensive financial planning company in Perrysburg. You can contact him at 419-872-0204; email at jeff@citizenadvisory.com; visit at 770 Commerce Dr., Perrysburg; or visit the website at citizenadvisory.com.

 

Investment Advisory Services offered through AlphaStar Capital Management, LLC. AlphaStar Capital Management, LLC and Citizen Advisory Group are independent entities.