Houston Credit Repair Expert Vanessa Perry explains the next step post credit repair with planning your retirement in the latest episode of Ask Impeccable below.
Steps to Financial Success
- Achieve Impeccable Credit (750+)
- Obtain Big Purchases (House/Car)
- Plan for Your Financial Future (Retirement/Life Insurance)
What Do I️ Do After I️ Have Impeccable Credit?
When your credit has reached Impeccable Status (750+) we recommend to prepare for your retirement. By planning for your retirement you are becoming financially stable. With Impeccable Credit you should be able to save more with lower rates. This creates a sense discipline to put money away in savings. That is to say, why save money for a big purchase? In contrast, what if that money can benefit you in the long run? This money will benefit you and your family in the future. As well as being the building blocks of a peaceful retirement.
Why Can I️ Not Retire Off of My 401k Alone?
The 401k program was not set up to stand alone by itself. A 401k plan was made to be beneficial to the employer not necessarily the employees. Paired with a pension plan, 401k plans worked as a supplemental retirement fund. Without a pension plan it is almost impossible to retire on a 401k plan alone. Make sure to not only rely on a 401k provided by your employer. Above all, be prepared to have other revenues of retirement before you retire. For example, other revenues might be retirement plans, insurance, investments. Anything that can build a profit over time.
Houston Credit Repair or Impeccable Retirement?
In short, Impeccable Credit Services can lead you in the right direction when it is time to plan for your future. The next step is retirement planning. Our goal is to help you in all financial aspects of your life from A-Z. Owner of Impeccable Credit Services, Vanessa Perry, is licensed and trained to help you with your life, health and annuity needs. If you have any questions regarding your 401k, retirement, or life insurance policies please feel free to contact Impeccable Credit Services 713-378-1500.