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Gelinas Financial Group, Inc.

LISTEN, UNDERSTAND, RESEARCH, HELP. Money management has a new reality. Financial-planning efforts must consider “the whole client.” We offer a multi layer approach that starts with education. We strive to gain your trust then deliver the results you seek. At Gelinas Financial Group, Inc., our passion is supporting our clients by adding value: You need information to make correct decisions. We’ll help you achieve higher levels of success and better process management through cutting-edge solutions, training, mentoring, and continuing education. Our objectivity and independence mean you get the financial-planning and risk-management solutions that meet the unique demands of your present situation. We offer our expertise in the following areas: Financial Planning Retirement Planning Insurance Investment Coaching Annuities More Hope is not a strategy. We meet with our clients regularly to scrutinize their investments and make adjustments.

Building Your Retirement Nest Egg

Shawna Kreis Shawna Kreis , 11/12/2014
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file0001246315261Social Security can help fund your retirement but it is usually not enough to allow you to live the comfortable retirement of your dreams. If you want to feel more secure when you retire, now is the time to start building a nest egg. We have all heard the term nest egg before, but what does it actually mean? When someone is said to have a "nice nest egg to fall back on," does that mean that they are financially secure? A nest egg is usually a sum of money that is readily accessible when you need funds for any purpose. A six-month emergency fund in a money market fund can be considered your nest egg. It is not necessarily an investment, although you can invest it. Think of a nest egg more like a rainy day fund or a cash reserve for emergencies and unexpected expenses. It should be your goal to build a sizable nest egg for retirement because you never know when you might need the money. Income is what you spend and a nest egg is what you save. If you were to make a nice profit by selling your house, you might want to set aside a portion of that money and use it as a nest egg. As we get older, the chances of needing expensive healthcare increase. Even if you have Medicare or good private health insurance, you could still face substantial out-of-pocket expenses. One stay in the hospital could easily leave you with several thousands of dollars in bills. You never know what the future will bring, but if you are unable to care for yourself and have to go into a nursing home, insurance will only go so far. A retirement nest egg does not only have to be used for emergencies. If you build it up big enough, you can use some of the money to travel, buy a new car, or maybe help your daughter put a down payment on her first house. Having a nice nest egg puts you in charge and allows you to live life on your own terms.