Successful retirement planning requires a great deal of foresight. Although it is impossible to say exactly how much money you will need once you have settled down, it is possible to make helpful estimates. In this article, we will take a quick look at a few of the most important ways that retirements could potentially reduce your expenses, along with a few of the most important ways that retirement could potentially increase your expenses.

How retirement could increase your expenses

• Relocation. Many retirees opt to move to a different part of the city, the country, or the world once they are no longer constrained by the physical location of their workplace. Perhaps you have always dreamed of living in a more tropical region such as Florida, for example — or perhaps you simply long to move closer to family or friends. If relocating is part of your plans, then you should definitely plan for moving expenses.

• Living Expenses. If you are relocating, then research living expenses in your new area — the cost of food, rent, necessities, etc. all vary based upon location.

• Entertainment expenses. Seeing shows, dining out, and participating in other entertainment activities cost money. And with increased free time, you will have lots of chances to participate in these pastimes.

• Inflation. The value of paper currency is always falling. Saving up — and investing in inflation-countering assets — is the only smart way to overcome this obstacle.

• Travel. Retirement is a time to spend with friends and family. It is also a time to achieve lifelong dreams such as seeing new places and experiencing new cultures. Doing these things requires money set aside for travel expenses, however. So be sure to calculate this into your retirement plans.

How Retirement Could Decrease Your Expenses.

• Commuting less. Your daily commute requires you to dish out big bucks for gasoline and car maintenance — once you retire, this won’t be the case.

• Your professional wardrobe. Suits, dresses, shoes, ties, accessories…the list goes on and on. Maintaining a professional wardrobe can be quite the expense. Aren’t you glad you wont need to do this once you’re retired?

• Restaurants. Retirement allows you to dine out when you want to dine out. If you are used to spending lots of money on lunches in the city during the workday, then you can prepare to lower that expense one you retire.

• Living expenses. We already mentioned that relocating can affect your living expenses — and this could possibly be a net positive!

Working on your personal retirement plan? Visit Red Rock Secured online today to learn more about your retirement planning options!

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Be prepared for the latter stage of your life and the financial obligations that come with it.

You can never be too prepared for retirement. After all, you never know what life has in store for you after you’ve retired from working. Protecting your investments is among the highest priorities that you have as you start to amass savings. Knowing that you’ll one day be able to live comfortably off your investments is a relief. Let Red Rock Secured help you get the most from your savings.

Here are five ways to be better prepared for retirement:

1. Take advantage of your employer’s 401K program from as early on as you can. The closer you are to retirement age, the more likely it is that you’ve already taken this step. Being able to realistically plan for your needs and come up with a savings plan that works for you at a young age is ideal. If you didn’t have a chance to put money up in your 20s and 30s, make sure to max out 401K accounts when you’re able to start contributing to them. Any money that you put away is better than no savings at all.
2. Open your own IRA or Roth IRA account. Make regular deposits into it. That way, there is no question that you’ll have a good amount of money saved once you’ve reached retirement age. Most financial institutions offer a retirement savings account. Find one that meets your needs and schedule a time to meet with a personal banker who can answer any questions you might have.
3. Work with a financial advisor who can help you make the most of the money that you’ve saved. A money master will help you grow your savings into life-changing Do your homework and research the different advisors in your area that are top-notch. Choose one to meet with and interview them by asking a series of questions pertaining to their skills and knowledge base. That way, you know you’ve made the right decision.
4. Consider the value of gold, silver, and other precious metals. Request a free Gold & Silver Retirement Kit from us. That way, you’re able to see how valuable precious metals are. You can also keep track of the current market value of gold and silver by visiting our website often and paying close attention to the ticker of prices at the top of our page.
5. Learn to live on less so that you’re able to invest as much as you possibly can. Making changes in the way you live today helps you better plan for the future. Do your part to cut back on unnecessary expenses so you’re able to sock away more money into your retirement funds and precious metal investments.

Prepare for retirement better with Red Rock Secured. Investing your retirement funds in precious metals such as gold and silver is wise as it allows you to plan your future by diversifying your investment portfolio. Best of all, there are no tax penalties for making the decision to convert your 401K into gold or silver coins. There are no startup fees to do so, either, and you can arrange for home delivery of your precious metals if you elect to go with that option with us.

You’ve worked hard your whole life, now let your money work hard for you.

With the date of your retirement closing in, it becomes ever more important to save and invest while you still have time. If you find that you haven’t yet met your financial goals, there are things you can do to become better prepared for retirement. In fact, the more steps you take now in the present, the fewer you’ll be required to do later on. You’ll be able to retire on schedule without postponement.

Here are five ways to be better prepared for retirement in 2019:

1. Expect the best but plan for the worst. It only takes one catastrophic health diagnosis to wipe out all of your savings. That’s why you can never be too prepared for the future. Stocking away as much money as you possibly can for retirement is advisable at any age. The younger you do this, the better off you’ll be in the long run because your investments have time to mature.
2. Cut back on unnecessary expenses now. If you don’t need it, don’t buy it. Save the money instead. The better acquainted you get with wants and needs now, the easier it will be to live on a budget once you do retire. Your investments will need to see you through the long days of retirement. Do yourself a favor today by examining your monthly budget closer and seeing which expenses you can lower and eliminate. They won’t be an issue at a later date if you take the time and actions needed to get rid of them now.
3. Find a better financial advisor to work with. Among the most important relationships you’ll have as you age is the one you have with your financial advisor. If you don’t have one or have been working with someone who hasn’t held up their end of the relationship, it’s time to move on. You can easily find someone who is better qualified to handle your retirement funds and investments by doing some research. You may even ask your friends or work colleagues for a referral.
4. Learn what it takes to truly diversify your portfolio. Having a variety of options to choose from is a sound decision. You won’t be sinking all of your savings into one type of investment, and therefore, be better capable of weathering financial storms at a later date. If the economy tanks, you won’t go belly-up in the process. You’ll be sitting comfortably and enjoying the lifestyle you planned for yourself once you retired.
5. Request more information about Gold IRAs from Red Rock Secured. Learn all you can about investing in precious metals. As an informed investor, you make decisions based on what you know and not what you feel. You lead with your brain and not with your heart. You make decisions that impact you and your family positively.

Be better prepared for retirement. Let Red Rock Secured show you how. You’ll be able to get the most out of your savings by investing in precious metals which retain their value in a volatile market. Diversify your portfolio in 2019 with a self-directed Gold IRA purchased with pre-tax or post-tax dollars.

REQUEST YOUR FREE GOLD IRA GUIDE by filling out the form above.