With a new year underway, it’s the perfect time to give yourself a financial checkup and establish new financial priorities for 2024. You can take steps immediately to create some short-term goals and better prepare for your future.
Financial planning experts recommend the following short-term steps to get you on the right foot for 2024:
- Do a thorough financial checkup.
- Create a timeline to track your financial goals.
- Take a fresh look at your budget and adjust as needed.
- Review your investment strategy for improvement.
With an eye toward steps to take now and beyond 2024, financial planners advocate building or increasing an emergency fund and enhancing your retirement savings. It’s always wise to pay down debt and avoid taking on more as well.
Finally, establish priorities that take care of both current and future needs. Striking the right balance is the key to financial success. Everyone looks for financial security. The best way to achieve it is to plan and put in the work.
Council of Seniors Works to Enhance Social Security
Financial security in retirement is of the utmost importance. Here at Council of Seniors, we’re pushing Congress to pass The SAVE Benefits Act. In recent years, the annual cost-of-living adjustment (COLA) has been insufficient, and the amount of $581 was withheld from seniors. The passage of this bill will ensure this money is returned.
Sign our petition right away to show your support!
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