Financial Planning - Time and Teamwork Are a Couples Secret to an Easy Retirement

Most of us have heard that financial stress and incompatibility are responsible for a large percentage of divorces or unhappy marriages. People have a lot of stories about how it all went wrong but what is important is to know how to make it right.

Financial stress shows up in a relationship when couples spend too much, are heavily in debt, don't feel secure about their financial future or are not working together. Time and teamwork are the best ally for your finances.

Have you ever received a $320,000 payment? Chances are you have but never knew it.

At age 30 if you received a $10,000 bonus, commission check or inheritance and put it in the stock market earning the average 10% annually, your money would double five times by age 66 and total $320,000. It takes patience, discipline and confidence but the rewards of putting time on your side are worth it. Wouldn't an extra $320,000 make you feel more secure about your financial future? Some of this money could even be used in an emergency at some point to pay off debt if you made some bad decisions in other areas and became over-extended. Putting time on your side and having a growing nest egg takes a lot of stress out of a marriage. Isn't that reason enough to do it?

It is really never too late to start.

That same $10,000 received at age 45 is still an $80,000 payment by age 66 or a $40,000 payment if you start around age 52.

Just think what you could have if you invest $2,000 per year? The way to calculate this is by using the 'rule of 72'. Simply take the average annual return you project on your money and divide it into 72. The answer you get is how many years it takes your money to double. So if you project a 10% return you divide 10 into 72 and your money will double in 7.2 years (72 divided by 10 = 7.2).

Now let's talk about teamwork.

Couples often argue because they don not feel they have enough money to live the lifestyle they desire. It is essential to come to mutual agreement on realistic expectations. Nothing succeeds long-term without teamwork. Not businesses, teams or relationships. Once financial expectations are set both parties, out of respect for one another need to stay within the boundaries. When one spouse goes outside the boundaries, the other either feels they have a right to do the same or they become resentful and distrusting.

Half the marriages fail in this country. A major reason is because of financial problems. Put time on your side and work as a team and you stand a good chance of getting it right.

David Skill, a 'Chartered Retirement Planning Counselor' has created an easy retirement system that enables conscientious baby boomers to determine how much money they need to retire. David asks all the vital questions, uses common language and plenty of examples so the participant builds confidence their money will last through retirement and they will not burden their children.Check out http://babyboomerseasyretirement.com/

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Financial Planning Services - Because Everyone Needs Financial Advice

You would be managing your business well or working hard in your office. You are making nice money and spending it carefully. But are you checking your income-expenditure balance. Is it up to your expectations? Have you made any financial goal and if you had then would you be able to achieve it? What about your retirement plan? These are some of the basic questions which you should ask to yourself. If you are not satisfied with your answers then the best way is to opt for financial planning services options.

There are many financial firms that are offering services to the individuals and companies. You can inquire about them and the services they are offering on the Internet also. You can get an idea about them and match them with your financial goals and objectives. You can opt for the services of financial planning services firms for any of your financial concern. You can get their help in the following issues...

Investment and Savings - Financial market offers various investment solutions which you can use for your and your family's benefit. If you want to know more about those solutions then financial planning services firms can help you.

Insurance Protection - You can get beneficial advices regarding life insurance and critical illness cover so that you can feel secured for you and your family. You can ask got advices so that you can get suitable insurance cover in cost effective way.

Group Employee Benefits - Many big companies are opting for financial planning services for getting advice in all areas of corporate benefit schemes including group pensions, private medical insurance and death benefit schemes.

Pensions - Financial Planning Services firms also provide the services of individual and corporate pension planning. You can opt for their services for company pension schemes, SSAS, SIPP and annuity purchase. Some of the firms can also provide total lifetime pension advice and pre and post retirement plans.

Healthcare - These firms also provide private medical insurance advice so that you can get tailored medical insurance.

Tax Planning - These firms also help in monitoring the availability of tax mitigation schemes in the financial market. You can do better tax planning for the betterment of your business.

Hence, you don't need to worry regarding your financial decisions rather get genuine and beneficial advice on any financial matter by opting financial planning firms.

About The Author:
Anton Kadin is an expert in the domain of asset management and investment solutions. Written from experience and with expertise, his write-ups provide guidance to individuals and businesses on asset management UK, investment solutions UK wealth management company and Financial Planning Services.

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