Make Your Money Last

Make Your Money Last series - Step #2: Create Your Financial Plan

This is the second installment of our series on Make Your Money Last, which we believe is shaping up to be perhaps the greatest financial challenge faced by the next generation of retirees. In Step 1, we advised you to plan your retirement before you retire. Now, let’s look at what your plans for retirement might cost. So, put pencil to paper and construct a budget. The next step is logical: Turn that budget into a financial plan. That’s when retirement planning really gets interesting! Now the rubber meets the road! Be Realistic Financial plans are filled with pitfalls. It’s just one trap door after another. So, be realistic. You certainly don’t want to base your financial plan on a bare-bo

Make Your Money Last series - Step #1: Plan Your Retirement

Here's the first step to Make Your Money Last: Before you retire, plan your retirement. This sounds so obvious, but so few people do it. Think about it: If you retire at age 60, you may be facing a 40-year retirement – that’s probably longer than your entire career! The typical answer of “taking it easy and playing golf” may not be enough for you, especially if you had an active career. Chasing a little white ball around a golf course can get pretty old. You may want more. You may miss the office banter, the teamwork, the difficult decisions. You may need a new challenge, perhaps the something you always wanted to do but never had the time. Why You Need to Plan Your Retirement Why is it so i

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Deerfield, Il 60015

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Disciplined Investment Management is a registered investment adviser in the State of Washington.  The adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration.  Individualized responses to persons that involve either the effecting of transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.”