John Labunski Succeeding Retirement Planning

 There are no magic recipes to plan retirement, beyond sacrifice and perseverance. But advice like these that we give you will make your life easier

 In these circumstances, carrying out the objective of planning for retirement is of the utmost importance. How to do it? We help you with John Labunski four tips.

 1. Start saving early

 It is common sense advice: the effort to save a certain amount is much easier to achieve in a horizon of three or four decades than in a period of only ten years. In addition, having a wide time margin allows you to face unforeseen events and, in addition, benefit from the good results of the equity markets, those in which you should only invest if you have it, with time.

 Despite this, the youngest do not save for their retirement , being the ideal time to begin the beginning of working life. The excuse? Who see retirement as something temporarily far away, as something that does not go with them. It is true that throughout life you have to face other projects from the financial point of view, but it is equally true that retirement will come and that it is not pleasant to face a situation of scarcity of resources in such a vulnerable stage of life. lifetime.

 2. Save regularly

 We tend to think that saving small amounts is not efficient and we postpone saving to times when we can make contributions that we consider relevant. This is a mistake, since in such a long-term savings process consistency is more important than the amount of contributions. The effects of investment over a period of three or four decades are amazing, even with small contributions. Better a little on a regular basis than a lot on an irregular basis. In addition, by making periodic contributions, the risk of asset valuation is diluted when buying, something that does not occur in sporadic contributions, where a larger amount is entrusted to a purchase price that may be favorable... or not.

 3. Match your contributions to your income

 The salary evolution of the workers is usually positive, and the saving effort must be proportional. Take advantage of extra payments, salary increases and other extraordinary income to reinforce your savings. Many experts warn that saving for retirement should be between 7% and 10% of recurring income .

 4. Adapt your investment profile over time

 Making a mistake in the investment profile adopted can be fatal. It could cause incurring losses at times when there is no margin to recover them or, on the contrary, incurring an opportunity cost in terms of profitability that hinders the achievement of our objectives. The risks are assumed at the beginning , with a wide time margin until retirement, in search of a high return. As retirement approaches, risk-taking should be moderated and capital preservation criteria should begin to be incorporated. In no way can the effort of a lifetime be put at risk with inappropriate decisions that take us away from the retirement we dream of. 

  Posted: John Labunski Dallas