Ppreparing for retirement can be very stressful. You already have plenty of other things on your plate and it seems like you have to figure it all out on your own.
The good thing is that you don’t have to learn and know all the ins and outs of retirement yourself. You don’t have to do everything yourself. There are many resources (many of them free) that you can use to prepare for your retirement. In this article, we’ll go over some business and retirement resources that you might not have known you had.
Friends who have already retired can give you an overview of what to expect and how to prepare for retirement.
One of the greatest resources you have are those in your personal network that can help you prepare for retirement. They’ve already done all the work and played along. Most of those who have sailed the waters of retirement are happy to help you with what they’ve learned – so ask around and see what you can. learn from them.
When discussing retirement with retirees, be sure to prepare specific questions for them. Ask them questions like “When did you start saving for retirement?” How do you make money in retirement? What surprises have arisen in preparation for retirement and now for retirement?
When asking these and other questions, be sure to write down the gist of what they say. Even though the experiences they have had may not be right for you, they are still extremely valuable to you. Also be sure to give them some insight into what you are going through financially right now. What advice do they give you personally? By learning from retirees, you will be able to prepare for the future with a real idea of what retirement looks like.
When listening, make sure you take things with a grain of salt and let ideas flow. Maybe a friend sparked an idea for you; pass it in front of another! This will give you multiple perspectives on similar ideas for you personally. That way, you diversify your learning to become more educated for retirement preparation and retirement itself.
American Association of Retirees is another great resource for preparing for retirement. The AARP is a member-based, non-profit organization, and the benefits it offers are well worth it. To join AARP, you pay $ 16 per year, but only if you don’t sign up for recurring payments. If you sign up for recurring payments, you’ll pay $ 12 per year. You want to make sure you get your value for moneywhether you are retired or not.
What are the advantages of membership?
There are honestly too many benefits to talk about in this article, but Check them if you have free time. By signing up you will get discounts on travel, car rental, medical assistance, cruises, hotels, to name a few. This may all sound great, but what about the financial support? Luckily, AARP has you covered. AARP provides banking and investment support, helps with financial planning and fraud prevention. They work with credit card companies and banks to help you in any way they can.
Although AARP is specially designed for people over 50, there is no minimum age to register. Browse the benefits and customer reviews, and see if membership is right for you.
Small Business Association (SBA)
The Small Business Association offers free resources such as a business plan template, financing suggestions, and launching products designed to help small businesses grow.
the Small Business Association is a great free resource for all business owners. They help you every step of the way, from planning your business to launching and even growing. They will go deeper into each of these topics, breaking them down step by step. The simplicity and ease of the SBA make it a great resource for anyone considering starting a business or for those who own a business.
In addition, the SBA offers free business advice, business loans, and federal government loans. Many small business owners or those who are considering starting a business may not be familiar with the SBA and its services. They even have a paycheck protection program, which has helped small business owners stay up and running during the COVID-19 crisis. When starting or starting your business, consider whether any of the SBA resources will be of use to you.
Your alumni association
Your alumni association has a list of alumni who could be potential investors or clients.
Alumni associations can help more than you think. There are many alumni associations that can help your network meet potential investors or clients. There are usually alumni events that you can use to grow your network and even your business. You might even meet other small business owners or even mentors to help you along the way.
The specific benefits will be unique to each university, but take the time to research what other members of your alma mater can do to help you in the short and long term.
Your bank will have free online resources to help guide your business growth, as well as access to capital to invest in that growth.
Banks have a handful of excellent resources specifically for business. The first of these is a business credit card. It makes life more convenient for you as the owner as you can separate business expenses from personal expenses.
When choosing the business credit card you want, decide which benefits you value the most. The American Express Business Platinum card is ideal for travel, while the Capital One Spark Cash for Business card is ideal for cash back. Each card is different, then choose the one that suits you best.
Many banks will also help with payroll services. Small businesses are growing and need more employees, which makes the payment system a bit difficult. Often, banks will offer services or software for your business to simplify this process.
Finally, some banks will offer discounts at their partner companies. This usually means that you can get discounts on business related items and services. It’s worth asking your banks for a list of partner companies that offer discounted prices to small business banking customers.
These are just a few business and retirement resources you may be familiar with by now. There are plenty of other resources out there as well, but be sure to focus on what works best for you and your business. Try it all; they are well worth your time.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.