We talk about achieving financial independence and what retirement means to you. It's different for everyone, but basically it means that you CAN still work but you don't HAVE to work to bring in any additional earned income. Start by setting SMART goals, prioritize spending, save and invest early. Have a written plan for retirement and revisit it often. Have a plan to pay for education expenses.
There are many similarities between training for a marathon and achieving financial independence--both take desire, time, effort, and discipline. Our webcast takes you from the starting line through mile 4 of our Financial Marathon Training Workbook.
Tony Muhlenkamp covers these topics with regards to saving for education:
• Why and how much to save.
• When and how to start.
• How to budget for savings.
• Taking advantage of tax laws.
• Assumption behind "education" and "go to college to succeed."
Muhlenkamp offers its clients and prospects a collection of webcasts. These webcasts offer guidance in the way of planning for retirement, saving for education, estate planning, and planning a business.