(352) 461-0645

Tips for an easier and happier retirement.

In this day and age saving for retirement seems to get harder and harder and is increasingly becoming a goal that is put on the back burner for many Americans. Tips for an easier and happier retirement.With lower wages and higher housing cost, much of the middle class are struggling just to get by. Even with these obstacles in life, there are still ways to save for a prosperous retirement.

Start today. Many people make the mistake of thinking it's either too early or too late to start saving for retirement. The truth is you can start saving at any time, of course, the earlier you start, the more money you will have when the time comes. Compounding interest is a beautiful thing. On the other hand, it is better late than never, because even later in life those savings will add up.

Put into your 401K. If you are lucky enough to work for an employer who offers a 401K, do it! The money you invest is pre-taxed so that you won't feel it in your pocketbook as much. If you your employer matches it, make sure to contribute and take full advantage of the money they are just handing you. Even if you leave your job, your 401K is yours to take with you to invest how you please.

Open an IRA. An individual retirement account (IRA) will help you build a stack of cash for later in life. There are two different options when it comes to IRAs. If you and your spouse have a retirement plan through your employment, a Traditional IRA may be right for you. The contributions would be tax-deductible, and your earning will have a chance to grow tax-deferred until your retirement. A Roth IRA would be a choice if you can meet certain income requirements. When you turn 59 and a half, you would be able to make qualified withdrawals that are federal tax-free as long as you have had the account for at least five years.

Play catch up. If you started funding for retirement early and then turn 50, you can contribute to your IRAs and 401K beyond what you were typically allowed. This means you can put more into it to make up for lost times when you weren't able to pay into retirement the way you had wanted.

Set Goals. By setting goals for your retirement you not only have something to look forward to but you also have an idea of how much to save along the way. Setting benchmarks over the years will give you satisfaction that you are meeting your retirement goals.

There are many ways to save for retirement and knowing the ins and outs can be tricky. That's why it is always a good idea to contact a professional financial advisor like West Financial Group to help guide you to a path to success for retirement.

Make the REST of your life
the BEST of your life.

For more than 14 years our mission at West Financial Group has been to guide our valued clients to financial security. We strive to address all of your concerns, ensure you understand the products we recommend and take pride in knowing you’re comfortable with the direction and strategy we provide you.

Our goal is to provide a “WOW” experience at every client interaction! We want every meeting, phone call and event to be an interaction worth talking about. We want our clients to be able to say, “WOW, what an experience! I can't wait to tell my friends about our financial professional.”

Whether it’s financial, retirement, legacy planning or optimizing your future wealth, our approach includes understanding your unique situation, exploring your goals and discovering the best way to make the REST of your life, the BEST of your life. By getting to know you and your family, we serve as financial guides who keep your best interests in mind throughout the entire process.

Skip West | Financial Planner | West Financial Group

Latest blog posts.

For The Love Of Animals Expo

Thursday, April 4, 2019

It was a fantastic event including music by Scooter The DJ as well as The Sunset Band and entertainment by Disc-Connected K9’s – the World Famous Frisbee dogs. The day was filled with exciting and fun activities such as the world-famous champion frisbee dogs, a best dog costume, educational talks including Sergeant David Clark of the Sheriff’s department of Sumter County who discussed criminal apprehension, a wildlife exhibit, special guest “Derek Campana” of the popular show Animal Planet discussed designing prosthesis for all kinds of animals and of course many animals received application requests for adoption!

The Humane Society/SPCA of Sumter County, Inc. is a non-profit, no-kill organization helping animals in need throughout Sumter County, Florida.

Learn more...

Top Rated Golfing Options Near But NOT IN The Villages® Community.

Monday, April 1, 2019

The Villages® Community here in Central Florida is well known for being the largest retirement community in the US.  It's also very well known for the number of golf courses that are scattered throughout The Villages 32 square mile hub. While it's possible to golf on their courses even though you may not be a member of The Villages® community, it's nice to have other options nearby. Thankfully with The Villages® Community being smack in the middle of Florida, it's not that far of a trip to destination locations like Orlando or big open towns like Lakeland.

Lakeland is home to several amazing golfing spots for those starting out and seasoned veterans. The Club At Eaglebrook is one of the best-rated golf courses in Lakeland. Golf Advisor's rating system has Eaglebrook at a 4.6 out of 5 stars. It's as easy as logging in to set up your tee times and get your day of golf ready and raring to go. The holes are challenging but not impossible and will help those new to the game get a good feel for the sport.

Learn more...

Latest tips.

Interested in staying the loop with the latest financial tips and information about upcoming dinner discussions? Then sign up for our FREE email newsletter.

* indicates required

Connect with us.