It's never too early to start preparing for retirement!

Financial Briefs from your 401(k) team @ CAMI

As a value added service to your 401(k) plan, we are pleased to provide you with these financial articles. If you would like more information, please feel free to contact us.

>>> Creating A Financial Independence Plan Everyone needs a financial blueprint for life after work. Operating without one is a little like closing your eyes as you barrel down the freeway. It’s essential to know where you’re going and how you expect to get there. But a financial independence plan will help you achieve your goals only if you incorporate it into your financial life, and that won’t happen unless the plan feels comfortable. And that comes from understanding its component parts and how they’re connected. Consider these elements: click for more . . .

>>> Planning Ahead Doesn't End In Retirement After working for many decades, buying a home, raising a family, sending children to college, and paying for a wedding or two, retirement probably seems like a just reward. Yet now is no time to sit on your nest egg. Even if you’ve been retired for several years, you need to keep planning for the future, which could extend beyond your 80s. In 2010, the average life expectancy for a U.S. citizen was 77.8 years. And if you’ve made it to age 70, the average rises to 87. Since many retirees can now reasonably expect to live into their eighties or nineties, retirement planning never really ends. click for more . . .

>>> Social Security Payout Choices Can Be Confusing Social Security may make up only a small part of your expected retirement income, but it can be a crucial part, perhaps covering a significant portion of your basic expenses. Figuring out what you’ll actually receive, however, can be complicated, and you’ll have to choose from among many variables that could make a big difference in the amount of monthly income for you and your spouse. Understanding Social Security’s complex rules needs to be an essential part of your retirement planning. click for more . . .