Result: You're a numbers person, motivated by the freedom to pursue your dreams.
Result: You're a numbers person, motivated by the freedom to pursue your dreams.
If you’re talking money, talk value. Dive into the details, track your progress and learn the facts. You want the opportunity to make your dreams happen. Identify what freedom looks like to you. Start planning for these dreams and you’re on your way.
Money Moves to make:
Money Moves to make:
Budgets can turn your income into dreams
Budgets can turn your income into dreams
The word budget is often associated with limitations, but budgets are actually tools that help you achieve your goals. By managing your spending in the short-term you’re setting yourself up for long-term financial success. That means your dream starts today. Use this simple worksheet to take the first steps toward creating a budget.
Longer to live, longer to enjoy
Women around the world are outliving men *, and a longer lifespan means a longer retirement.
No matter the length of your retirement, figuring out whether you have enough money to achieve your goals should take into account:
- Your net worth
- Income and expenses
- When you want to retire
- Whether you will need to support aging parents or adult children
- The potential growth of your assets
- Whether you want to pass assets to the next generation.
Visit the UBS Investor watch website to learn how you can plan for retirement breaking it down into three phases: Transition, Me Time and the Last Waltz
Planning for your 'longevity bonus"
Your life is more than a pie chart
Know Your Net Worth Kickstart Guide
Before you can go anywhere you have to know where you stand. One of the first money moves you can make is to calculate your net worth. Net worth equals your assets (everything you own) minus your debts (everything you owe).
Use this Kickstart Guide to help determine what assets and debts might factor into your calculation.
Assets:
- Checking, savings and other cash accounts
- Investment accounts
- Employer retirement plans (401(k), SEP-IRA, SAR-SEP IRA, SIMPLE IRA, 403(b), 457 Money Purchase)
- Individual Retirement Accounts (Traditional IRA, Roth IRA)
- Annuities and tax-deferred products (Fixed Annuity, Indexed Annuity, Variable Annuity)
- Education accounts (529 plans, UGMA/UTMA, Coverdell Education Savings Accounts)
- Employer stock awards (e.g., stock options)
- Deferred compensation plans
- Primary residence
- Secondary residence / vacation home
- Other real estate
- Collectibles / personal property
- Cars / boats
- Business entities
- Cash value of insurance policies (e.g., life insurance)
Debts/Liabilities:
- First mortgage
- Second mortgage
- Lines of credit (e.g., against homes or investments)
- Car / boat loans
- Business loans and other securities-based loans
- Credit cards