What Comes to Mind When You Hear 'Retirement'?

March 2022

Planning Tip

3 Smart Ways to Put Your Tax Refund to Work.

Are you looking forward to a tax refund this spring? While it's always nice to get money back, it likely means you're overpaying on taxes throughout the year. Consider making adjustments to your withholding if you'd prefer to bring a little extra home each paycheck instead.

Rather than looking at your refund as free money this year, put your additional cash to work and set yourself up to benefit long-term.

Click here for 3 Smart Ways to Put Your Tax Refund to Work.

What Comes to Mind

When You Hear 'Retirement'?

How do you imagine your life in retirement? Do you hope to take that cross-country road trip you never had the time for? Or finally attend your grandchildren's school and sporting events? Maybe you're hoping to give back by volunteering at your local food pantry.

While everyone has their own unique plans for the future, most retirees will find themselves in four distinct phases of retirement. Understanding and properly planning for these stages is key to accomplishing your dream retirement.

Whether you've been retired for 20 days or 20 years, it's important to review your financial situation periodically and consider any potential changes that can be made to improve your lifestyle.

Click here to learn more about the four phases of retirement and how to prepare for each one. Don't forget to call our office at (518) 584-2555 if you have any questions along the way!

Did You Know? Retirement Age by State

Choosing to retire requires far greater planning than simply making the decision to stop working. In order to live a secure and comfortable retirement, it takes years of discipline and hard work to save and invest in your future long-term.

A happy retirement isn't all about money, but where you reside and the cost of living can play a role in your retirement age - and should be something to consider. Take a look at the average retirement age in every state and see how you compare.

Here at Saratoga Financial Services, we work one-on-one with clients to determine their future financial needs and use enhanced planning tools to help assure they're on the right track for retirement. If you're interested in having your retirement needs calculated and projected, please call our office at (518) 584-2555.

5 Ways to Keep Your Brain Sharp

Regardless of age, we all have 'senior moments' when we forget where we put something or blank on an acquaintance's name. These occasional lapses are common, and while it may be alarming to have this happen from time to time, the good news is that we are not destined to increased memory gaps as we get older. Research shows that healthy habits can keep cognitive function strong as we age.

Click here for 5 ways to keep your brain sharp!

Robert Schermerhorn, CFP®

Jamie Usas, CFP®

Operations Manager

Amanda Friedman

Wealth Consultant

Andrew Chapman, CFP®

Operations Research Associate

Lauren Bliss

Office Coordinator

Saratoga Financial Services

18 Division Street, Suite 305

Saratoga Springs, NY 12866

Phone: (518) 584-2555

www.SaratogaRetire.com

Securities & advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC