Didn’t save for retirement, they here are 4 steps you need to take to improve your retirement income

Didn’t save for retirement, they here are 4 steps you need to take to improve your retirement income

Donald M. Fink has over 40 years’ experience in helping clients with investments and increasing their retirement portfolio.Have not saved up for retirement? Don’t push the panic button just yet. Here are 4 steps that we advise in order catch up for retirement.

  1. Devise an aggressive plan to catch up by creating a solid budget. Being true about your budget is key as there is a tendency to create an unrealistic plan.
  2. Look to delay any withdrawals from Social Security or 401k. Doing so will allow you to re-structure your saving plan for retirement.
  3. Minimize your expenses. If you have a spender, then you make must review areas of your lifestyle that is causing you to not save. Keep in mind, as you gauge for retirement, your income with decrease especially if you did not start early.
  4. Reviewing your plan with a financial advisor is essential to improving your retirement income. Schedule a consultation with us and let us help improve your retirement income.

At the Advisory Co, we have an impeccable record of providing sound financial advice to our clients. Call us today at 702-869-1919 and let us get you setup with a retirement expert.

Donald M Fink has been advising and helping high income individuals and business owners with strategies for over 40 years. He continues to consult with private clients in the areas of estate planning, wealth management and asset preservation and to this day maintains Life & Qualifying membership and Honor Roll status in the Million Dollar Round Table (MDRT).