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20 x January 5 - 18,

20 x January 5 - 18, 2017 x Retirement is supposed to be a reward for decades of hard work, but if you haven’t planned well, the milestone may be a dark cloud on your horizon. In fact, new data shows that nearly 50 percent of Americans are most afraid of outliving their income or the inability to maintain their current lifestyle, and nearly 20 percent are worried about having enough money to cover health care expenses. The research, released by the Indexed Annuity Leadership Council, also found that despite these very real fears, Americans are failing to take action to address them. For example, a quarter of Baby Boomers, the age group closest to retirement, have less than $5,000 saved for retirement, and nearly one in five Americans have no idea how much they’ve saved. The findings indicate that Americans are afraid of the unknown when it comes to managing their money and retirement. While you can budget for leisure and travel, health care expenses and life expectancy are unpredictable. FINANCIAL To take control of the uncertainty and create peace of mind when it comes to retirement, here are some simple steps you can follow: • Make a budget — Those who plan for retirement are estimated to save three times more than those who don’t. Take into account that your expenses may increase during retirement, specifically for items such as health care and travel. Also, be sure to revisit your budget periodically to make adjustments for new circumstances that affect how much you need to support the retirement lifestyle you desire. • Balance is key — Investing in a 401(k) is a great way to start a retirement portfolio, but putting all your eggs in one basket is a common mistake. One method to provide balance to your retirement portfolio is REPORT Face Your Financial Fears Take Action to Save for Retirement to add more conservative, low-risk products, such as fixed indexed annuities, which protect your principal regardless of market ups and downs. According to the survey, FIAs are an attractive choice for consumers, with 45 percent of Americans surveyed interested in this type of retirement product. • Plan to adjust — A savings strategy that makes sense today might not fit your needs in five, 10 or 20 years. Factors like market volatility and changes in your career or personal life can impact the amount you’re able to save and how much you anticipate needing when you reach retirement age. • Monitor the balance — While it’s not as critical to track the ups and downs of your portfolio in your younger years, the closer you are to retirement, the more important it becomes to be aware of your account values. Your level of risk should reflect your age and your retirement goals. Generally, the younger you are, the greater risk you may be able to tolerate, because market cycles generally rebound losses over time. When the window of time before retirement is tighter, you may not be able to recover from a dip as easily. • Small changes count — Even seemingly little adjustments can have a noticeable impact on your finances over time. For example, packing your own lunch and giving up an evening out with friends once weekly or monthly will allow you to direct that money to a retirement account instead. Also, be sure to pay your credit card bills on time to avoid fees that not only affect your credit rating but deplete funds that could be directed to retirement savings. • Make it automatic — Set up scheduled transfers so you don’t CONTINUED ON PAGE 22 ROYAL Landscape Nursery Our Quality Keeps Us GROWING! • Trees • Shrubs • Palms • Ground Covers • Sod • Rocks • Mulch Compare To Big Box Store : Better Pricing, Better Quality Join our email listing for specials Royal Brick Pavers Pavers Design & Installation • Driveways • Walkways Pool Decks • Patios • Retaining Walls • Fire Pits Open House January 21st COMMERCIAL & RESIDENTIAL • 30 YEARS EXPERIENCE 2204 Hempel Ave., Gotha, FL 34734 Open Monday-Friday 7AM-5PM Saturday 8AM-3PM 407-296-3042 x January 5 - 18, 2017 x 21 Welcome, Dr. Wendy Vasquez! Bio Dr Wendy Vasquez completed her undergraduate studies at New York University; where she obtained a Bachelor of Science in Nursing. She then started her medical career at Ross University School of Medicine in Portsmouth, Dominica. After medical school, she completed her residency training in Obstetrics and Gynecology at Jersey Shore University Medical Center. Dr Vasquez returned to NYC to complete her fellowship in minimally invasive surgery at Albert Einstein School of Medicine. Dr Vasquez is an expert on her field, and a diplomate of the American College of Obstetrics of Gynecology. As a skilled surgeon, obstetrician and a master of the da Vinci Robotic System, she enjoys offering her services to this community. Her goal is to educate, prevent, improve and restore women’s health. We have early and late appointments available, as well as Saturdays. CALL TO SCHEDULE YOUR APPOINTMENT TODAY! 407-857-2502 Ext 1600 OR ONLINE AT Se Habla Espanol Bio La Dra Wendy Vásquez especialista en ginecología y obstetricia, cuenta con una subespecialidad en cirugía mínimamente invasiva adquirida en: Albert Einstein School of Medicine, en la ciudad de Nueva York. Experta en la salud de la mujer la doctora Vásquez ofrece atención prenatal integral, incluyendo colaboración en embarazos de alto riesgo. Cirugía mínimamente invasiva es su pasión, incluyendo laparoscopia y el manejo del robot Da Vinci. Si tiene un problema relacionado a la salud de la mujer... no espere mas, haga su cita hoy mismo. Estamos abiertos los sábados, ofrecemos citas temprano y tarde. • Health Central Hospital • 10000 W. Colonial Drive • Suite 395 • Ocoee •