June 23, 2008

Don't Forget Your Spouse

We have been discussing your retirement options on this blog, but don’t forget about your spouse! If your spouse is in the business sector then his/her retirement options (401(k), SEP-IRA, IRA, ESOP, etc.) could affect your retirement decisions.

It is always smart to make sure that any “free” money from an employer is received by way of a company match or discretionary contribution. You automatically get 9.28% “free money” from your Georgia Public School System just by contributing to your TRS account. Try to have your spouse receive all of their “free” money too. This can go a long way to securing your retirement.

Also, make your life simpler by “rolling over” any old 401(k) or 403(b) accounts into IRA accounts when possible. The easier it is to keep up with everything the easier it will be to make decisions and know where you stand.

If you or your spouse need or want help in understanding your current position, send me an e-mail, and let’s figure it out. You can e-mail me at rschultz@rollinsfinancial.com.

This summer is a perfect time to start planning your financial future!

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