Retirement Roadmap

Spring Clean Your Retirement Plan: Part I

Mark Fricks Season 3 Episode 9

We explore several strategies for spring cleaning your retirement plan. Retirement planning deserves regular attention and adjustments as your life circumstances and the economic landscape evolve.

• Reviewing retirement accounts regularly to check balances, investment allocations, and risk levels based on your age
• Considering contribution limits and ensuring you're at least capturing employer matches
• Examining your savings rate and finding ways to increase contributions by cutting unnecessary expenses
• Defining your retirement vision including lifestyle expectations to better estimate your financial needs
• Developing a comprehensive Social Security strategy that plans to maximize benefits for your situation
• Paying down high-interest debt before retirement while strategically managing low-interest obligations
• Implementing tax planning strategies like Roth conversions to help to minimize taxation in retirement
• Creating "buckets" of money specifically designed for retirement income rather than growth
• Consulting with a retirement planning professional to coordinate all aspects of your retirement strategy

Have a topic or question you'd like Mark and Evan to address in a future episode? Email us at info@masterplanretire.com or call 770-980-9262.

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Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance, tax and commodities services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants.  The aforementioned are affiliated companies.

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