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Stay on top of your bills with a financial planner

A trusted financial planner can take some of the laborious work off your plate.



The sooner you get started working on getting in order your finances, the easier the will be to reach your desired financial independence. A skilled financial planner can be of great help when dealing with your financial plans.

With the improving economy, consumer confidence and spending are going up. But so are lifestyle inflation and its evil sister debt. At the same time, the recent stock market turmoil has quickly reminded people that investing isn’t always easy. Consequently, many have left their retirement planning behind, often because it’s just so confusing or investing done wrong is just so stressful. Fear not, however, solutions are at hand.

Whether you are just entering the workforce or entering your golden years faster than anticipated, there are a few steps you can take now to spruce up and de-stress your retirement plan. The sooner you get started, the easier the road ahead will be to reach that desired day of financial independence, the day where working becomes an option and not a necessity. A skilled financial planner can help you get your financial house in order. You’ve worked hard to be financially secure, let me do my job and help you enjoy your Golden Years.

I’ve spoken with many pre-retirees who have been losing sleep over their retirement plans, and even more who have been completely ignoring their accounts for years. I hope to offer a few tips to help reduce the stress as you get your financial plan back on track.

One of the most common requests I get from people about to retire is they “don’t want to worry about all this crap anymore.” They want a financial plan to help relieve some of the stress managing their finances of day to day. Many people hate dealing with anything to do with money (other than spending it), and when you hate dealing with something you may ignore it. As you can imagine, ignoring your finances may be one of the worst things you can do. A trusted financial planner can take some of this laborious work off your plate, let them worry about this stuff.

If you prefer to pull your few remaining hairs out when thinking about financial topics stop reading now. But if you prefer to make the journey through your working years more financially beneficial, follow these few tips.

Make it automatic

Whether you are making payroll deducted contributions to a 401(k) plan, or using an IRA or Roth IRA have your automatic contributions in place at least monthly. Set it up like any other bill on autopay. When it’s automatic, it actually happens.

Maximize any employer contribution

Would you turn down a raise if your boss offered it to you? “NO! DON”T GIVE ME 3 to 6% more salary tax-free!” Sounds ridiculous right? By leaving the company match on the table you are essentially turning down free money. Figure out what the company matching policy is, and at the very least contribute enough to get the full match.

Ignore the news and don’t try to time the market

The stock market values move every second. You can stare at it all day and stress yourself out, but to be honest this will in no way do anything to increase your odds of reaching a comfortable retirement. On the other hand, all that stress may make retirement planning a bit easier if a heart attack kills you at 50, just saying. Dollar cost averaging (putting in money to your account regularly) helps reduce the need to really worry about when your money is going into the account. While this doesn’t eliminate risk, putting smaller chunks of money in at a time does help reduce the risk of your portfolio over time. Best of all if reduces the chances of your falling for the trap of either irrational exuberance or irrational despair and trying to time the market.

Work with a fiduciary professional

The earlier you sit down with a trustworthy financial advisor – preferably a Certified Financial Planner – to get your retirement road map on track, the easier may be to reach financial independence. They can help you set up a comprehensive strategy to help reach your specific goals, and help make sure you are taking full advantage of the opportunities you have available to you. Not to mention you can put all the stress of watching your retirement accounts on them. Let me spend an hour pouring over the financial news, and don’t let reading this article keep you from your Mai Tai on the beach.

Be proactive

No one wants to think about getting older or cutting back on spending. But do you really want to be 80 and still have to work? Personally, I love my career and I plan to work forever, but I’m realistic and want to have the option to retire as soon as possible. Also, are you sure you will you be able to work full time at an advanced age? Who knows? At least if you get a financial plan on the track you may have the choice and can choose to keep working. If you start at 35 you will have to put away a much smaller percentage of your income than if you start at 50. Now, if you start at 60 good luck. Let compound interest be your friend.

To recap

Make retirement planning a priority, make it automatic, maximize your employer’s matching and other benefits and get your financial house in order now. Don’t stress over the day-to-day movement of the stock market, it really doesn’t matter what happens today when you are years away from retirement. Working with a professional who can help pick the appropriate investments for your situation and risk tolerance, and more importantly help you figure out how much you need to be putting away each month, will help you manage a good life now as well as the retirement of your dreams.

Live for Today Plan for Tomorrow.

DISCLAIMER: This article expresses my own ideas and opinions. Any information I have shared are from sources that I believe to be reliable and accurate. I did not receive any financial compensation in writing this post, nor do I own any shares in any company I’ve mentioned. I encourage any reader to do their own diligent research first before making any investment decisions.

David Rae is a Los Angeles Certified Financial Planner™ and Accredited Investment Fiduciary™ with Trilogy Financial. He is also a regular contributor to Advocate Magazine, Huffington Post, Investopedia not to mention numerous TV appearances on ABC, NBC, CBS, KTLA, Fox and Friends, Nightline and even Bravo. He helps smart people across the USA get their financial houses in order and more importantly keep them that way.