Glendale Retirement Planning
Glendale retirement planning in Glendale, AZ requires you to assess your current financial health and to gain knowledge about your potential investment and savings options. Asking for early advice from your Glendale retirement planning specialists is the first, and maybe the most important, step in your planning process. It is never too early to take control of your income.
The Glendale retirement planning experts will help you analyze your current financial status to gain a better view of your future retirement planning situation. They will also be able to help you sidestep and plan for any potential pitfalls that you didn’t see coming. Expenditures such as taxes, inflation, household maintenance, family needs, and medical problems are all difficult scenarios that can overwhelm us financially if we don’t properly prepare for them. Your Glendale retirement planning experts in Glendale, AZ will help you do just that, prepare for your Arizona retirement plan for the future.
No More Mortgage
In all likelihood, your biggest expense is and will be your mortgage. Your Glendale retirement planning experts in Glendale, Arizona will advise you well in trying to prepare you for a life without a mortgage. The sooner you get your mortgage expense out of the way the quicker you can grow your nest egg. Not that you can’t grow your funds while paying on your mortgage, it will just be that much easier without it.
The Glendale retirement planning experts in Glendale will be able to calculate the best options available to you in trying to alleviate this payment as soon as possible. One way may be to refinance your current mortgage. With interest rates as low as many people can remember this may be beneficial to you, especially if you are paying a high interest rate now.
This can save you several thousand dollars in the long run in interest over the life of your loan. While getting your house refinanced in Glendale, AZ you may want to also reduce the years of your loan, and pay your loan off as soon as you can. Depending on your income and financial health, this may be the best option available for you.
If your interest rate is at a good level now, and you don’t want to refinance or it may not make sense to, then you can accelerate your payments. By doing this, you will be alleviating several thousand dollars in interest depending on the amount left to pay on your mortgage in Glendale, Arizona. This money that you free up, both in not having any more mortgage payments, and by saving on your interest, will then be best put to use in other types of savings and investment accounts.
Eating Your Debt
The biggest hurdle in your Glendale retirement planning process is debt. Making certain that you are attacking your debt now, rather than allowing it to build up, is the most important facet of planning for your golden years.
While budgeting can be a process that seems as enjoyable as a trip to the dentist, it is necessary in assessing your financial health. Most people are amazed at how much they spend on food. Make certain that you are not needlessly wasting food that you purchase from the grocery store and forget to eat. We often end up throwing this food away once it goes bad. So, instead of going out to eat three nights a week try cooking the food in your refrigerator before it goes bad, this can alleviate a huge expense.
Turn On the Light
There are a few hazards that lurk in the darkness of retirement planning that we often do not see. With the help of your experienced Glendale retirement planning expert you will be prepared to thwart any potential problem that may come your way. These problems come in various forms and these experts will help you in planning and identifying your unique and individual circumstances that may affect your financial future.
Your roof may start to leak, your washer may need to be replaced, or your car may need a major overhaul. Either way, these are problems that are bound to creep up on you. Yet if you turn on the light to see what may lay ahead you, you can properly plan for these future situations. By having the funds available, these problems don’t turn into disasters and eat into your retirement savings. Instead, by having planned properly, you are prepared to move forward with your retirement plans and your family is better for the experience.
Consult your Glendale retirement planning specialists as soon as you can so that you can go over all of these various issues and more. This process is liberating once you decide to dig in and learn from your past mistakes in order to be better prepared for your retirement future.
Retirement Planners In Glendale
Derek M. Wolff, CFP(R)
Wolff Financial Advisors, LLC16427 N Scottsdale Road Suite 410
Scottsdale, AZ 85254
Martin T. Cole CFP, MSFS, ChFC, CLU, AAMS
Cole Wealth Management, LLC14301 N 87th St
Scottsdale, AZ 85260
Raymond James Financial Services, Inc. Member FINRA/SIPC17015 North Scottsdale rd
Scottsdale, AZ 85255