Are You Retiring…Ever?

A wise person once said, “don’t expect to live off of your social security when you retire”.  Truer words were never spoken.  If you are past 50 and retirement is more than some down the road dream, it’s time to get serious!  The 50s are crunch time for saving for retirement.  If you set a retirement savings target but have been neglecting it, you need to dust it off for review.

As Dick Bellmer, the recent president of the National Association of Personal Financial Advisors put it “You should be looking at your plan periodically, at least every three years”.  Set realistic goals.  Tackle your current debt (ie: your mortgage).  Create a health savings account.  Generate income beyond your investments.

And…hire a great retirement planner to help you manage your goals.  Having plans without professional help is a little like asking a quarterback to win the Super Bowl without a coach!  The right person for that job in Las Vegas may very well be CPA Michael Mathews.  Why not make an appointment at his Regatta Dr. office and discuss it?  Just call (702) 240-5237.

Start Ramping up for the Good Life.

We are about to embark on the 2nd half of 2019.  Doesn’t 2020 sound like a good year to retire?  For some of the Valley’s two-million plus residents 2020 is the big year.  If you own a business in the Las Vegas area you probably can’t just walk away from it and expect everything to change on January 1st, 2020.

Here are some tips –

1.  Choose a traditional strategy using your business to fund your retirement.

2.  Establish a simple IRA.

3.  Set up an SEP IRA.  Business owners and employees can both contribute.

4.  Develop a clear exit strategy for yourself.

5.  Speak with a financial advisor.

That final point is the key to your retirement success!  Michael Matthews, a Las Vegas area CPA, is ready to sit down with you and plan the next phase of your life.  Retirement takes planning and there is no one better at it in The Valley than Michael.  Set up an appointment at his office located at 2620 Regatta Dr. Suite 102 in the Northwest by calling (702) 240-5237.