The older you are when you start planning for retirement, the more important it is to maximize what you are contributing to your plan. Matthew Dixon, a Registered Financial Consultant, recognizes that not all individuals and couples start retirement planning in their 20s and 30s, but there are options for those in their 40s and 50s to create a solid retirement plan.
This can be done without having to take on an extra job in Seneca, SC. In fact, after meeting with Matthew Dixon, you may just need to make some basic changes to add to your retirement portfolio and saving plan.
Maximize Contributions to Matching 401(K) Plans
If you are working for an employer that offers a matching 401(K) plan, start contributing up to the maximum to double your deposit into the account. While you will not have the years of compound interest, the doubling of the maximum investment can add significantly over even a few years.
Diversify your Portfolio
Having a wealth management and investment strategy that includes a diversified portfolio is critical for anyone. Matthew Dixon can review your current income strategies, wealth management, and asset protection to ensure you have a diversified portfolio to reduce the impact of any decrease in the value of assets.
Have a Plan
A constant source of retirement savings loss for many in Seneca, SC, is the lack of a long-term, strategic, structured retirement plan. Without a plan, people swing their investments and savings with the markets, resulting in losses that can reduce the value of your retirement savings and limit your ability to retire on time.
