12 Expert Financial Planing Tips andymunufie (31) in andymunufie • 12 hours ago Tip # 1- Maximize Your Retirement Savings. “ You know there are three secrets to maximizing retirement savings. The first and most important one is to put savings on autopilot—salary deferrals to 401(k) plans, automatic monthly withdrawals from a checking account, paying down a mortgage. The second secret is to fully utilize tax-advantaged retirement vehicles like IRAs and Roth IRAs. The third secret— forget that you have this money!” Tip # 2 – Reallocate Your Investments. “the second is with the recent surge in equity values, remember that long-term performance, particularly for the portfolios of retirees, is better when the stock allocation is returned to the target allocation on a regular basis. In simple words, with the elevated values of equities we are currently seeing, it is a good time to lighten the equity load and add to the bond allocation.” Tip # 3 – Don’t...
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