This is a guest post from Omari Whyte, a financial representative from Innovative Financial Group. He’ll be providing us with great, thought-provoking advice when it comes to premarital finances for the next month or so. Not only will he be showing up on the blog, but his expertise (and humor) will be on display at the Bound Together Workshops.
I usually ask people to close their eyes and imagine the following. But with our current media of communication that is difficult. So read the following question and imagine:
Your are 65 and retired.
What are you wearing?
How do you spend your days? Nights?
What are you spending your money on?
Where are you spending your time?
Who are you spending your time with?
Now that you have a good idea of what your retirement is going to look like, are you sure that it is the same vision your spouse has for retirement? So many times couples never take the time to talk about what their retirement goals are. Being on the same page makes all the difference.
A good question to start with when deciding on your retirement goals is:
Do we retire because of health or wealth?
Most people in America retire because they simply can not work anymore. However, if you start early enough and plan you can retire because of the latter.
What do we plan to do with your money?
Pass it on- J.P. Morgan
Donate it- Bill Gates
Not have any- Most Americans
Most people have pretty conservative goals when it comes to retirement, however, not having a plan is what makes it so hard to accomplish.
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This is a guest post from Omari Whyte, a financial representative from Innovative Financial Group. He’ll be providing us with great, thought-provoking advice when it comes to premarital finances for the next month or so. Not only will he be showing up on the blog, but his expertise (and humor) will be on display at the Bound Together Workshops.
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Hai how. R. U plc. Masag. For. Mi