Cash Flow Planning for Life

Here piggy-piggy-piggy…

Make sure that you grab the “3 Tips To Help You Sit Pretty In Retirement” eBook.

The basis of a good Personal Savings Plan is not to have a fancy piggy bank! It’s to have mastery over your Cash Flow.

To make sure you are on track you should have the following:

• Emergency Savings (for illness or disasters)
• Short Term Savings (for normal expenses)
• Long Term Investment Savings (for retirement)

Hopefully this is already in place. Now you just need to take a look forward to your future preferences in retirement such as:

• Where you Retire (the state you retire to)
• When you Retire (your age and your life expectancy)
• How much Retirement Savings you hope to have by the age you decide.

These preferences will directly affect what you plan on doing during your Retirement (relaxing or working).

Cash Flow Planning should also take into account Tax Considerations as this will be part of your monthly cash out flow. If you do not plan correctly, you will need to withdraw additional funds or trim expenses from your monthly budget.

Is your Cash Flow making you feel unstable?

If you have any questions, comments or concerns about a Personal Savings Plan, or think I can help you in any other ways, contact me, or give me a call at (239) 384-9688.

– Mark

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This information is based on facts, assumptions and representations as stated and authorities that are subject to change. We will not update this information for subsequent legislative or administrative changes of future judicial interpretations.

LEGAL NOTICE AND DISCLAIMER: The information within this blog is for informational and educational purposes only and is not tax advice and should not be used as such. The facts of each individual situation can have significantly different outcomes when applying tax law. The hiring of a CPA is an important decision not to be based solely on advertisements.