Steps to Retirement Planning to a Safe and Secure Future - Ironwood Financial LLC
                     Steps to Retirement Planning 
to a Safe and Secure Future
Retirement planning is a continuous process, and you 
would have to try to foresee things. Although, no one 
can predict everything and it will be better to try to be 
close enough can do some benefit.
Many people are too scared to retire because they are 
worried about how things will go when they cut that 
income off. However, retirement planning is not a hard 
science and following these steps may let you secure 
future.
  
Retirement Planning - Assess 
Your Financial Situation
First of all, make an 
inventory of all your 
current assets, 
liabilities, incomes and 
expenses. You can sit 
with your retirement 
planner and make an 
estimate of what your 
responsibilities and 
expenses would be. 
When you've retired, 
some expenses may 
stay the same, like 
 groceries and  
insurance, and others.
Calculate the Value of Your Assets 
and Liabilities
 Write down the current amount in each of your 
account where you keep cash and liquid savings. 
These include checking, savings and money 
market accounts and certificates of deposits.
 If you have saving bonds, then calculate and 
determine the current value or call the bank to 
find out the current value.
 Call your agent and find out the cost of your 
whole life policy also.
 Invested in stocks, bonds or mutual funds, then 
check the value on financial websites or from your 
last statement.
 Use the current value of your house and other 
real states.
  
 List all the current and over-due bills you owe. 
These include utility bills, doctors, dentists, 
telephone, water, gas, property tax, etc.
Know What You Want
We all want so much that we 
confuse ourselves with so 
many things. Make up the list 
of the things you think must 
be in your lifestyle after your 
retirement. Consider 
everything that may even 
seem small to you so that you 
would be prepared for it.
Are you aware of how much 
money would you need to 
retire and live comfortably?
  
Cash Flow Planning
Present value is 
significant for your 
retirement planning. It 
is the amount of money 
you need in your 
account today to plan 
and save for your 
future. Many people 
work with their financial 
advisors or their 
retirement planners and 
make individual 
retirement accounts to 
prepare for their 
 retirement. You can do  
so while planning before 
and after retirement.
Invest or Save
It's entirely okay if you start late as well. The key to 
expecting success has a positive outlook and 
understanding that being late is better than never 
starting!
If you are over 55 years of age, the government offers 
savings on the catch -up contributions so you can get help 
to save a little bit more. Sometimes, the chances are that 
savings account and employee pensions are not enough 
to reach your goals. That's when you explore investment 
products.
  
Contact US
 Ironwood Financial LLC
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 Call +1 520-318-4600