DRC Financial Education Services’ Post

In Episode 35 of the Retirement Power Hour, Joe Allaria, CFP®, breaks down the 2025 retirement contribution limits and key tax changes you need to know. Learn about updates to IRAs, Roth IRAs, 401(k)s, SIMPLE IRAs, and more—including the new provisions introduced by Secure Act 2.0.

Redundancy can be challenging and stressful, often creating uncertainty about the future. However, it can also signal the beginning of a positive new chapter in your life. For many, this transition period offers a unique opportunity to reflect on personal and professional goals and consider new directions that might have previously seemed unattainable. Ever wondered what happens to your pension when you’re made redundant? Find out all you need to know here: https://lnkd.in/ehKUagrE

The decision to retire and the moments leading up to it can be overwhelming and make us feel anxious or worried. Will we have enough money? Will we have enough hobbies to keep us busy? Will I regret this? Having a relationship with a CFP professional is one thing in your control. We can help you lead into this phase of life with confidence around the financial stuff, so you can spend more time focusing on the other parts of life that will matter most.

Planning for your future is an important step to take NOW. I did a quick check last night on my financial situation, the usual checking of bills and account balances. I also check where I am for the long term. What's important to me, and it may be different for you, is maintaining my lifestyle in the future, and having the ability to support my children when they take their first few steps into adulthood. Looking at my pension, I feel glad that I made the decision to invest in one earlier in my career, and it motivated me to share why it's important if you haven't done the same already. Look at the chart below over the last 10 years. The green line is what I invested from my salary cumulatively each year. The orange line is the value of my pension. The value today is 3.4x greater than what I put in! That's a combination of investment growth, employer contributions, and tax incentives. The growth is effectively free money. By the time I retire, my pension will be worth 4x to 6x what I put in. Whether you're early or later in your career, even if you can only put in 1, 2 or 3% of your salary (like I did when I started), start a pension now if you haven't already. You'll be glad you did!

The lifetime allowance abolition brought a whole new world of complexity – especially when testing pension benefits 🤔 That’s why we’ve created this Bitesize Technical episode to explain the new rules in the simplest way possible. Our Senior Technical Consultant, Lisa Webster shares insight on: ✔️ when benefits are tested in the member’s lifetime ✔️ how the new allowances work, and; ✔️ how death benefits are tested. Learn more now: https://lnkd.in/eyhnSHdH

💰 Your First Salary Deserves a Smart Start! 🎉 🌟 Dream Big. Plan Bigger. Start your SIP (Systematic Investment Plan) today and secure your retirement from day one! ✅ Why Start Now? 🌱 Power of Compounding: Small steps today, massive rewards tomorrow. 🎯 Financial Independence: Retire stress-free and live on your terms. 💡 Small Amount, Big Impact: Even ₹500/month can grow into a substantial fund. 💼 Your first paycheck isn’t just income—it’s your gateway to financial freedom. 👉 Start Your SIP Now. Your Future Self Will Thank You. #FirstSalary #SIP #RetirementPlanning #InvestEarly #FinancialFreedom

Facing job loss is tough, but there are ways to manage your money better. Call us to discover how you can: 1. Organise a payment plan using your retirement funds and separation benefits to cover urgent bills. 2. Manage potential financial losses when leaving your job. 3. Consolidate your pension accounts for improved performance. It's a challenging time, but seeking help from experts can guide you back on the right financial track. 📞 +267 3190898 🌐 www.fiducia.co.bw #FinancialAdvice #EveryMemberMatters #ServiceExcellence #MindsetChange

This is a great article from my friend Fritz on how to design your retirement decumulation strategy something many retirees struggle with. While it's written for US folks the mechanics are the same for Canadians. If you are Canadian I suggest you look at Fred Vettesse's book "Retirement Income for Life" it's really good and even better it's an easy read. #retirement #retirementcashflow #longevity

**Most people are sleepwalking towards a financial cliff, and they don’t even know it. 😲** Martin Lewis just dropped a bombshell for those born between 1951 and 1984. If you fall in this age bracket, wake up and pay attention! 👀 The financial guru is sounding the alarm on something too many overlook: your pension pot. 🏦💼 Here’s the skinny: Lewis is urging you to check if you’re missing out on FREE money that could significantly boost your retirement savings. Yes, you heard that right — potential funds you didn't even know existed! 🚀💪 Here’s what you need to do: 1️⃣ **Check your National Insurance Contribution record.** Missing years could mean missing out on pension contributions. 2️⃣ **Fill in the gaps.** Investigate if you can make voluntary contributions to ensure you aren’t leaving money on the table. Imagine retiring with the peace of mind knowing you're financially secure. 🏖️🥂 It’s not just about working hard, it’s about working smart! 💡 And hey, speaking of working smart, wouldn’t it be nice to have an intelligent system like Finotor managing your accounting and financial analysis? Consult your records, plan your future, and make better financial decisions. 🤖💼 It’s time to take back control of your financial destiny. 💥 Are you in, or are you just going to let opportunity pass you by? Franck BRUNET ---------------------- Liked this post? Want to see more? Ring it on my profile 🔔 Connect with me 🔝 Follow me: #franckbrunet #finotor

If you want to retire at 40, you have to save far more aggressively. That doesn’t mean you can’t do it. Here are some ideas.