Hey individuals I'' m Tae from Financial
financial picture these you can'' t control regardless of just how difficult you try.
nonetheless when it concerns your individual finances you have full control you have.
control over just how much you invest how much you conserve each and every single month if your.
moms and dads place'' t saved well for retirement there can come a factor.
where you need to utilize your own individual financial resources to assist them and also if you'' re. Struggling economically this will not only be challenging almost.
emotionally too so my essential approach if your.
moms and dads sanctuary'' t save adequate for retirement is to obtain into a. strong financial placement this is a very difficult procedure this is an extremely.
challenging conversation for much of us that have a sensation that our parents.
place'' t conserved enough for retirement it'' s also tough to assume about.
nevertheless overlooking it is not gon na make the problem go away by just how hard.
this might be I motivate you to start having these discussions or a minimum of.
start executing some of these strategies early as possible I promise.
you you'' ll thank yourself later thanks individuals for enjoying the video clip please.
allow me understand if any one of you people ever before needed to have these very difficult.
discussions I would love to hear exactly how it went as well as if you have any other ideas.
or strategies that we can carry out in our lives if you appreciate seeing this.
video clip please hit like or register for the network thank you.
Alice is a school teacher at St. Paul’s Lutheran School. She recently had a conversation with her students about goals. While it’s a way’s off, she’s started thinking more about her own goals, especially with retirement. Away from school, Alice loves to bake. There’s nothing better to her than putting the right ingredients together and creating a tasty treat for her kids and their friends. Alice has started to look at retirement the same way she does baking. If you mix the right ingredients together and have a little patience, you’ll end up with something rewarding when the time comes.
Alice is smart. She’s knows the three key ingredients for retirement income. Let’s turn it over to our retirement chef to explain. Thanks Narrator Guy. So my first ingredient is the Concordia Retirement Plan pension fund. Check out that video out to see what an amazing benefit the pension is! The second ingredient is Social Security. I’ve been paying into this government fund since I started working. When I retire, I should receive money back to help me lead the life I want to live. But it’s the third ingredient that really helps me know I’ll have enough retirement income to meet my expenses.
It’s the Concordia Retirement Savings Plan 403(b). A 403(b) is the non-profit version of a 401(k), and the CRSP has some of the lowest fees available. That means I get to keep more for my retirement! As soon as the CRSP 403(b) began, I started investing because I knew this ingredient was in my control. I have my employer put some of each paycheck into the plan. I know that, if I need to, I can pause or change my contribution because the CRSP is so flexible. But even when things were tight or the markets were down, I still regularly saved something for retirement. It was like “set it and forget it and you won’t regret it!” I’m a baker, not a banker, so luckily Concordia Plans has top-notch experts who mixed my investments among the funds they offer. I didn’t need to be an investment expert, but when I wanted to learn more, CPS always had resources available to help. When I retire, I’ll still have expenses to pay for. Some of them, like medical costs, will probably rise. Thanks to my commitment to the Concordia Retirement Savings Plan, I’ll have enough money to pay for what I need.
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