Future Self

Photo by Lisa Mathews

Do me a favor. Close your eyes and think of your future self. Are your eyes closed? Good. Visualize yourself at 57, 62, 65 or even 70 years of age. What are you doing? Where are you living? Specifically, how do you spend your days? Walks on the beach? Enjoying hobbies? Are you living your best life? Are you retired or still working? Now think about whether or not you have the resources to live life comfortably.

A GoBankingRate.com survey on retirement savings revealed that 42% of survey respondents reported having less than $10,000 saved for retirement, including 13.7% who said they had $0 saved. If you count yourself among them, you have considerable ground to gain if you want to just take care of your basic needs in retirement. The changes that you make today can help you live more comfortably tomorrow.

In this episode of Life in HD podcast, I speak with Vicki R. Brackens, President and Financial Planner at Brackens Financial Solutions Network and registered representative of LPL Financial, member SIPC. Vicki helps us map out some strategies to reduce debt and start saving. We also tackle the common excuses people cite as reasons they can’t save. Take a listen. Your future self with thank you.

Target Audience: people who find themselves behind in saving for retirement.

Focus: establish what you’ll need – understanding the Social Security piece of the pie – reducing debt – eliminating excuses – vehicles that will help you grow your nest egg.

Music – “Pixels” by Drake Stafford under Creative Commons license.

More on Vicki Brackens

Women & Personal Finance

Do Too Many Women Still Rely on a Man for Their Financial Plan?

Do too many women still rely on a man as their financial plan?  Kathy Longo, certified financial planner and author of Flourish Financially says, yes.  According to a CNN Money article, a report from USB found that 56% of married women leave investment and long-term financial planning to their husbands and 85% of women who defer to their husbands feel that their spouses are more educated on financial matters.

As a financial planner, Kathy Longo has seen first hand how major life events like divorce, job loss, or death of a spouse can reveal major surprises for women who were not active in their household financial planning.  Many are shocked by crippling debt, sparse savings accounts, and bad credit.  Situations that can keep them from living their best life.

What can you do to be more informed and active in your financial planning?  We chat about it on this episode of Life in HD.  Give a listen and learn what you and your spouse can do to plan your future together.

To learn more about Kathy Longo, visit: Flourish Financially or Flourish Wealth Management.

Music in this episode:  Love Me Forever by Audiobinger under Attribution-Noncommercial Creative Commons license.

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