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Ruizco Tax & Accounting
(Because
Something’s Deserve Special Attention)
The magic of compounding:
If you start saving $100.00 a month at age 20, you will accumulate more than
half a million dollars by age 65 (assuming you invest the money at 8% a
year). If you start later, say at age 40, you will still save more than
$150,000.00 by age 70.
Now that you have read this statement, ponder the following question.
Can you afford to retire?
If you have spent
any time considering this question, then you must have asked yourself the
following other questions at one time, or another.
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Can
I
afford to send my children to college?
-
Should
I
invest more in the stock market?
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Do
I
have enough life insurance to provide for my loved ones if something
happens to me?
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How much will
it cost me to retire?
-
What will
become of my estate after my death?
-
Have
I
taken full advantage of my current tax situation?
These questions
lie at the heart of financial planning. Given your income, your spending
habits, and your investments, can you provide everything you want for
yourself and your family? Can you live well today and still have enough to
live comfortably in retirement?
It is safe to
assume that you will very likely work longer, and earn more than your
parents and grandparents. You are likely to live longer. Social Security and
the company pension probably will not be enough to pay for your retirement.
To retire in comfort and achieve your other goals, like buying a home, or
putting children through college, you need to save more than previous
generations and to invest it mort intelligently.
We, at “Ruizco
Tax & Accounting”
can help you to create a detailed financial plan that puts you in control of
your financial future. We can give you the knowledge and tools to attain
your financial goals.
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What Is A Financial Plan?
A plan, according
to Webster’s Collegiate Dictionary is “a detailed program of action
leading toward the attainment of a defined goal”. A
financial plan is a program of action that leads toward the attainment of
your financial goals, including a carefree retirement.
A well-defined
financial plan takes into account all your finances. It considers your
short, medium, and long-term goals. It looks at how much you earn today, and
how much you are likely to earn tomorrow. The plan forecasts what you will
need to live comfortably in retirement, and it factors in social security,
pensions, and the risks of investing in stocks and bonds.
A Successful Financial Future Takes Planning!
-
Start Now
– If there is any magic to financial planning, it is the power of saving
and investing for the long term.
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Determine Where
You Stand Today
– Before looking ahead, you need to know what you are earning, spending,
and saving today.
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Make Your Best
Guess About The Future
– You need to look ahead, at where you want to be in ten years.
-
Create A Plan
For Your Future
– Use the information that you gather to protect your income, expenses,
savings, taxes, and investment returns into the future.
-
Fine Tune Your
Plan
– Constantly reevaluate your plan to insure that it is achieving your
goals.
-
Put Your Plan
Into Action
– Once you have created your financial plan, and you have reevaluated it,
you need to put it into action.
!!!!! Don’t Wait !!!!!
Remember The Three Most Important Facts Of Financial Planning!
1.
Start Now
– The sooner you start the better.
2.
Save More
– Even if you can only save a few dollars a week, it adds up in the long
run.
3.
Invest
Intelligently
– Ignore the markets vicissitudes. Focus on
your long-term plan.
We at
Ruizco Tax & Accounting
can help you to get started, by helping you determine exactly where you
stand “NOW”.
Should you wish
to pursue your “Financial Planning” needs further,
please feel free to contact us for further details?
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