Retirement Tips for 2017JEFFREY INGROS

What can you anticipate for your 2017 retirement plan?

Learn The Rules

As you prepare for retirement, check your Social Security account to see how you might claim a bigger benefit by waiting until your full retirement age. Ask yourself if you should you be in a Roth IRA or a traditional IRA. Once you learn the rules of these accounts, you’ll see what’s best for your lifestyle.

You don’t have to be a genius to understand financing regulations.

Discovery

A key part of planning for retirement is taking an overall look at your assets. Where is your money invested? How are your contributions performing? Online tools like calculators or retirement income calculator help you gauge if you are on track to accumulate enough money to meet your expenses and the live you want to live in retirement.

Designate Account Beneficiaries

If you don’t, your family members may confront the dreaded fate for spending months in court. Ultimately, designating

beneficiaries helps your loved ones avoid emotional trauma. Make sure your wishes are explicit because an attorney’s letter

will only help so much.

Save More!Save as much as 15 percent of your salary for retirement. This sounds like a lot, but you can do it. Increase the amount you save by a one or two percentage points at a time. Raise your contribution yourself on your birthday or after New Year’s by example.

Jeffrey IngrosBeaver PA

jeffreyingros.org Twitter @JeffreyIngros