Give your money a purpose #money #financialplanning #motivation #retirement

*Free Retirement Assessment* // https://www.foundryfinancial.org/retirement-assessment

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*ON ME*

I have always been passionate about personal finance, investing, real estate, and helping people find the freedom to live their lives with purpose. But when my father died in 2015, I tried to help my mother find an advisor to sort out her finances. Instead of a helping hand, I discovered a financial advisor industry dominated by glorified salespeople working on commission – pushing products that were not in my mother's best interest. Or advisors with minimums that exclude everyone except the ultra-rich. Disappointed with the options, I took matters into my own hands and launched Foundry Financial, a wealth management company offering transparent pricing and specializing in money clarity, so you have the confidence to make intelligent decisions. My goal is to help a million people. people retire without worries!

*THE BASICS OF RETIREMENT PLANNING*

There are several steps to retirement planning, with the end goal being to have enough money to stop working and do what you want. Our goal is to help people take control of their retirement and retire worry-free.

Step 1: Know when to start planning for retirement. When should you start planning for retirement? The sooner you start planning, the more time your money will have to grow. That said, it's never too late to start planning for retirement. Even if you haven't considered retirement yet, don't feel like your ship has sailed. Every dollar you can save now will be greatly appreciated later. Investing strategically could mean you don't have long to catch up.

Step 2: Determine how much you need to retire. The amount you need to retire depends on your current income and expenses and how you think those expenses will change in retirement.

Step 3: Prioritize your financial goals. Retirement probably isn't your only savings goal. Many people have financial goals that they consider more pressing, like paying off credit card or student loan debt or building an emergency fund. In general, you should aim to save for retirement at the same time as you build your emergency fund – especially if you have a workplace retirement plan that matches any portion of your contributions.

Step 4: Choose the retirement plan that's best for you The cornerstone of retirement planning is determining not only how much to save, but also asset allocation. This can make a huge difference in your retirement plan.

Step 5: Select your retirement investments. Retirement accounts provide access to a range of investments, including stocks, bonds and mutual funds. Determining the right mix of investments depends on how long you have until you need the money and your level of risk tolerance. It's often helpful to talk with an advisor to discover the right mix of stocks and bonds.

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️ /"DISCLAIMER:️This is not financial or investment advice. This channel is intended for EDUCATIONAL AND ENTERTAINMENT purposes only. None of this is intended to be construed as investment advice, it This is for entertainment purposes only #retirementplanning #retirement #passiveincome.