If retirement is in the not-too-distant future, you know that preparing now is a crucial step in establishing financial security. You’ll need more than just Social Security and Medicare to cover your costs and provide for yourself after leaving the workforce. To get on the path to successful retirement planning, it’s important to explore all of your options and develop a plan tailored specifically to your unique situation. If you’re wondering what you can do in order to secure your financial future, this blog post from True Health Center for Functional Medicine is the perfect place to start!
Plan for the Long-Term
Start by taking stock of your current savings situation and setting realistic goals for the future. Setting realistic goals and tracking your progress can help keep you motivated as you work toward achieving them. Additionally, make sure that your savings are being put to good use.
Broaden Your Portfolio
Investing in stocks, bonds, mutual funds, and ETFs can be a great way to grow your wealth over time. Choose funds that have low management fees and broad exposure across different sectors and markets so that if one area underperforms another will pick up the slack.
Establish a Budget
Creating a budget can help you keep track of where your money is going each month so that none of it is unaccounted for. Knowing exactly how much money you have coming in versus going out each month allows you to plan ahead and allocate more money toward reaching your long-term financial goals such as retirement investing or saving up for a down payment on a house.
Create Passive Revenue Sources
Consider starting a side business or freelance gig as an additional source of income if needed. Even just an extra few hundred dollars per month could make all the difference in achieving long-term financial goals faster.
Have a Plan for Health Insurance
Having adequate health insurance to cover doctor visits, treatments and prescriptions is essential to safeguard against potential financial ruin. Taking a few simple steps now can help secure that peace of mind so you can relax into retirement without worrying if a medical bill will be too much to handle. Explore your options today and get the level of coverage that meets your needs. Keep in mind any current health issues or potential future issues based on hereditary or progressive diseases.
Carefully choose your medical provider as well. True Health Center for Functional Medicine offers state-of-the-art care for optimal health and well-being.
Boost Your Income with a New Degree
Going back to school isn't just an exciting adventure, it's also a powerful opportunity to gain knowledge, skills, and experience that can help you increase your earning potential when it comes to preparing for retirement. With online degree programs available in virtually every field of study imaginable, there's no better time than now to earn a higher-level degree or certificate that could open doors for additional career opportunities and greater earning potential. For example, if you’re looking for a bachelor of computer science program, many online programs offer flexible schedules with part-time options or accelerated instruction so that you can work full-time while still keeping up with your studies.
Once you’ve completed your education, creating a great CV is an important first step in achieving your career goals. To make a winning impression, your CV should include relevant experience, skills, and education that relate to the job or industry you are targeting. To design a memorable CV, you can try this online tool which offers modifiable templates.
Building financial health now should be priority number one if you want to avoid reliance on Social Security and Medicare later as part of your retirement plan. Setting realistic savings goals and tracking progress toward them, investing wisely in diversified funds, making budgeting a top priority, choosing optimal health insurance and boosting your earning potential with a degree are all sound methods of building a solid financial foundation for retirement.
(Kristine Burke, M.D.) Great medical practice and team. Dr. Burke's personal attention to detail and explanation to my questions are greatly appreciated. I'm so grateful I found Dr. Burke. Her enthusiasm and knowledge is refreshing as we dig through years of health issues I could not find solutions or causes for. I found out many of my issues resulted from damaging prescrip...
(Kristine Burke, M.D.) I love this practice model! I've never felt better. Find the problem and fix it instead of treat the problem with drugs - brilliant!
(Kristine Burke, M.D.) I greatly appreciate the availability of the Dr.'s time and short waits for appointments. I think being rushed in and out serves little purpose. From the day I started going to Dr. Burke I expressed my expectations of my doctor, which are what we get now. I'm sure there is a lot I don't understand in terms of insurance coverage and laws in this state,...
(Kristine Burke, M.D.) I am pleased with the practice because you are an essential part of my health improvement plan, my health is improving, I like the extensive nature of healthcare, the practice continues to evolve in a positive direction, the amount of time spent with Dr. Burke is excellent, I don't feel rushed and all questions are answered, and the staff is helpful, ...
(Kristine Burke, M.D.) I like that I am not just treated for a specific symptom, but that my overall health is evaluated. I like that I can call and usually get an appointment for myself or my children within 24 hours, and sometimes the same day if crucial. The fact that my daughter gets free healthcare through her employer (Sutter Health) and sees Sutter providers but she ...
I feel sooo.....happy that I was introduced to True Health Center For Functional Medicine. All of the employees are present and much more involved in the individual's health. Thank You!