Retirement Planning Just Got Easier With These Simple Strategies

Retirement Planning Just Got Easier With These Simple Strategies

You’ve invested years into the workforce and are now considering retirement. What factors drive some people to retire sooner or later in life? Is there a specific age-range that’s best to retire? Planning for retirement is unique for each individual’s situation and goals. Optimal timing for retirement depends on the person’s needs, aspirations, and financial position. It’s important to maintain flexible and open to new possibilities when planning for retirement. 

Thinking of retirement? Consider this:

1. How many years have you been in the workforce? Social Security collects a portion of your employment income, accumulating funds for when ready to retire. Social Security provides detailed benefit information based on age, work history, and income. Applying for benefits is also possible on the Social Security website. According to AARP, the longer you wait to collect Social Security after age of 62 the greater the return. AARP comments further, “For each year you delay, your Social Security benefits will increase between 7 percent and 8 percent up to age 70, depending on your year of birth.”

2. Determine monthly income and monthly expenses. Jot down all sources of income and expenses for each month. This provides detailed information on financial obligations needed when considering retirement options.

3. Which sources of income will commence upon retiring and which will cease? List new sources of income such as Social Security, 401K’s or other retirement plans, savings, investments, and others. Also review income sources that will cease or decreases, and include updated financial figures to your retirement planning list.

4. It’s never too late to strategize for retirement. Regardless of age or work experience there are many options available. Seek assistance from a financial expert who can provide retirement options based on your goals and financial needs.

5. Working is still an option after retirement. Seeking employment after retiring is a choice for individuals who require extra income or enjoy working. There is a limit to the number of work hours allowed when receiving Social Security benefits. Consult with Social Security to make sure you’re keeping within their guidelines.

*All suggestions should be discussed with a professional who specializes in retirementment prior to implenting any ideas discussed in this article. This article is only intended for informational purposes.

How To Maintain A Productive Workday

How To Maintain A Productive Workday

How we initiate each workday has great influence on productivity and workflow. Unexpected circumstances are likely to arise; yet organizing job responsibilities can yield positive outcomes. With just a few strategies you can start your day accomplishing more with less stress. Get ready for a productive and fulfilling workday!

Tips to increasing work productivity: 

1. Review traffic updates in advance. This allows ample time for planning alternative routes before heading out to work. It also provides various commute options, which is beneficial during the holiday season, road constructions, and high traffic times.

2. Re-evaluate job tasks and objectives first thing in the morning. Review assignments to determine what still requires your attention today. Other team members may have completed work tasks. What took priority yesterday may not require your attention today. Determine areas that require your attention and reassess again in the later day.

3. Prioritize assignments and deadlines. Develop a list of daily priorities from greatest to least important job tasks. This provides a blueprint on areas requiring your immediate attention each workday.

4. Examine tasks that can be delegated to other employees. Sharing responsibilities can help alleviate workload, allowing more time for important matters that cannot be taken care of by others. Keep in mind the individual’s job role and scope of practice when delegating.

5.  Use break times wisely. Be sure to disconnect from work activities during break times and lunch. Eating lunch is important for your health, and also generates more creativity and energy to complete job assignments.

6. Remain flexible when unexpected circumstances arise. Job demands can be challenging, let a lone when unplanned situations increase workload. Remain flexible and positive, while putting efforts in areas requiring your attention. Consult with your supervisor on job tasks that can be delegated or handled at a later time.

7. Plan your next workday in advance. Schedule assignments with prompt deadlines to be accomplished early in the day. This provides abundant time to prepare for assignments requiring immediate attention. When deadlines are not a factor, it’s beneficial to plan important projects during high-energy peak times. Planning ahead of time helps decrease stress and promotes work productivity.