Kola Dimitry
Member
• Don't Assume That You'll Get a 10% Return Every Year from The Stock Market
• Don't Confuse Income with capital Appreciation or growth from Stocks
• Be Aware of Taxes. These can be your biggest expense, and lowering them can help build wealth
• Reduce Your Debt Ahead of Retirement
-Prioritize your expenses
-Create a Wealth Plan
-Plan for inflation in your retirement planning
-Know your wealth management fees
-Set financial goals
-Calculate your net worth. Here's how to calculate your net worth:
Add together all your assets
Add all your liabilities and subtract from your assets to know your net worth.
Consider downsizing as you near retirement
Now you know how to not run out of money, (or at least have a good start).
• Don't Confuse Income with capital Appreciation or growth from Stocks
• Be Aware of Taxes. These can be your biggest expense, and lowering them can help build wealth
• Reduce Your Debt Ahead of Retirement
-Prioritize your expenses
-Create a Wealth Plan
-Plan for inflation in your retirement planning
-Know your wealth management fees
-Set financial goals
-Calculate your net worth. Here's how to calculate your net worth:
Add together all your assets
Add all your liabilities and subtract from your assets to know your net worth.
Consider downsizing as you near retirement
Now you know how to not run out of money, (or at least have a good start).