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There are 12 Months, 52 weeks, 365 days, 525,949 minutes in a year. From holidays, to appointments and birthdays, a lot can happen and even more can be forgotten.

To help you worry about less and focus on more; here’s 5 important dates you should remember when it comes to planning your financial journey:

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A crystal ball into the investing world – wouldn’t that be useful! Unfortunately, predicting market performance to a tee is not exactly possible. When markets experience downs, it is important to ask yourself: What can I do to help protect my savings and ensure future gains?

Market Uncertainty Heightens

This past December marked the worst decline for stocks since the financial crisis in 2008. Anxiety overcame many around this market uncertainty. While calm settled over the financial markets once the New Year hit, an uneasiness that 2019 may continue to be volatile still remains. The potential of another government shutdown, trade wars, and increased interest rates all contribute to this uncertainty.

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Tax season has officially started and if you’re an early bird looking ahead to April, you might have already started filing your 2018 taxes. Regardless of where you are in the process, here are a few tips to keep in mind for tax season this year.

Taxes in retirement are not exactly the same as when you’re working, but you will find some similarities. In retirement, you are taxed on the income the same way as you are during your working years, but because you will have several types of income (if you balance your portfolio), your taxes can work in a few different ways.

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The last two decades mark a distinct time of change. Over the years, we’ve seen how medical advancements have altered the healthcare industry and how shifts in technology impacted our ability to be successful in the workplace. Among these evolving factors, it’s no surprise that the retirement landscape has also changed from what we knew it to be 20 years ago.

These changes reshaped how we’ve approached retirement planning over time. And this year is already shaking out key trends we want Americans to know about. 

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The holidays are in the rearview and the New Year is just over the horizon. As everyone starts the New Year off with positive changes and new annual goals, make sure your finances are one of them! Don’t let your financial dreams fall out of reach by checking out these 4 financial changes you should promise yourself as you head into 2019.

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Every New Year we think about our resolutions, which typically includes some promise to better ourselves. Pledging to go to the gym more, eat healthier, be more active, spend additional time with friends and family, and decrease our social media intake, are a few that usually make the list. However, one resolution we should all emphasize as we ring in 2019 is finding ways to become financially savvy.

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What’s on your loved one’s gift wish list?

Are they asking for the latest technology? Fashionable apparel? A must-have toy?

No matter the buzz-worthy item, what they may want to consider is a gift that lasts a lifetime. Remember, it is just a matter of time before a new version of their favorite technology enters the market, a different clothing trend is seen everywhere, or a new toy makes the hot toy list.

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Twas a few weeks before Christmas, and all through the house, not a person was over-spending, not even on decorations for the house.

Receipts and bills were paid and filed away with care, in hopes of a fresh financial start to the New Year. Retirement funds have nestled all snug in their accounts, while payments and savings would grow that amount.

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Coming to you from the Indexed Annuity Leadership Council (IALC) is a new recipe to add to your Thanksgiving menu. We all have our Thanksgiving favorites, from turkey to stuffing, to sweet potatoes, pumpkin pie, and more. But as you sit around your table reflecting on all you have to be thankful for, we encourage you to also think about your recipe for a happy retirement.

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Did You Let Retirement Scare You Off This Halloween?

Halloween might get less scary as we age, but there are a lot of frightening aspects of retirement in 2018. In fact, recent data on the state of America’s workforce shows just how underprepared for retirement many Americans are.

While running out of money, drastic lifestyle changes, and the cost of healthcare are among Americans’ greatest retirement fears, here are some figures on where Americans stand:

1. 50%+ of all of Americans report their access to retirement plans and products has flatlined or decreased in the last decade.
2. Roughly 40% of all workers will have to work in their retirement years.
3. More than 40% of pre-retirees have significantly adjusted their lifestyle choice and spending to be able to retire.

With healthcare, taxes, and employer-funded retirement plans all in a state of flux in 2018, this fall is the perfect time to take stock of where you stand in retirement. You can overcome the scariest aspects of retirement planning this Halloween season by checking out these helpful tips:

1. Build a balanced portfolio—One option to mitigate risk in your portfolio is to add a more conservative product like a fixed indexed annuity (FIA). An FIA offers guaranteed lifetime income, helping to ease the stress of having to cover unexpected expenses for longer than anticipated.
2. Make a personal budget—People who plan can feel confident that they will likely end up saving more. Travel and healthcare expenses may increase during retirement so be sure to take that into account too.

As Americans are living longer than ever, it is important they take steps now to plan for the future. Fortunately, there are strategies and products available like fixed indexed annuities that offer guaranteed lifetime income, helping to ease the stress of having to cover unexpected costs for longer than anticipated.  Don’t let your fear prevent you from taking control of your golden years.

The post Did You Let Retirement Scare You Off This Halloween? appeared first on IALC.

Provided by: Indexed Annuity Insights