Leader in the Accounting World
Gary Kapanowski is considered a leader in the world of professional accounting. He works at Moeller Manufacturing in Wixom, Michigan the created machine parts for power generators and gas turbine aircraft engines. He also runs a financial educational program at the Lawrence Technological University Professional Development Center teaching the Six Sigma and Balance Scorecard business models to business leaders that need to shore up their accountant books.
Financial Tips - Save for Retirement
• Work with a financial advisor. Getting professional help with anything is an excellent choice. With financial advisors, you can get your retirement saving plan on track early in the game and avoid the various pitfalls that may occur as you approach retirement age. Choose a financial planner based on your needs and the planner’s reputation. If you pick a useful planner, the amount that they will save you in the future will outweigh the fee you have to pay.
• It’s never too late. Even if you haven’t started saving for retirement in your twenties, you can still implement your financial advisors’ advice and save money. The more work you put into your retirement saving at any stage, the better off you will be when you’re done working.
• Make money during retirement. Finding alternative income after you retire is always a welcome gift to yourself and ensures a comfortable retirement.
These tips are all recommended by Gary Kapanowski, a professional accountant with fifteen years of experience.
Financial Tips - The Bottom Line
When planning for the future, it’s important to remember that the more work you put in while you’re comfortably working at your job and paying your bills, the easier it will be later when you have to make plans to retire. In other words, it’s never too early to start planning for your retirement. It may seem like a long way off, in most cases decades, but the sooner you begin planning and setting aside money, the better off you will be in the long run. It takes years to set aside enough money to retire on, and the best way to tackle this task is to be prepared and seek help along the say.
The bottom line of retirement is, the better prepared you are, the more financially secure your retirement will be. Many of the tasks that you have to perform in order to save for retirement can be applied to anyone at any age. For example, everyone should set a realistic budget and stick to it. After you have set aside some money for retirement, seek the professional advice from financial planners. Their wisdom and personalized service are worth the fee. The key is to be as prepared as possible before you reach retirement age.
Gary Kapnowski, a professional accountant living in Michigan, has worked for many individuals and companies in his career, and he says that he sees people who aren’t prepared for retirement all the time. While most of them still manage after their careers are over, retirement can be a stressful time if you’re not prepared for it.
Budgeting and Planning - What You Should Know
It’s always a good idea to budget and plan for your future at all times. Whether you are planning for retirement, your next car, or your next vacation, budgeting can help you get there. Budgeting is also crucial for those who merely want to take control of their finances. Knowing just how much you spend on a regular basis is powerful knowledge and can mean the difference between a comfortable life and living paycheck to paycheck. So whether you need to keep better track of your expenditures, want a new boat, or need to fly to Rome, budgeting and planning can get you there.
The first task you need to do when budgeting is calculate just how much you spend over a given period of time. Some people budget out their entire year, others need to know how their finances will cover their next month or week. Whatever your timeframe, you have to understand the first side of your budget—your expenditures. Once you know how much you spend on average for recurring expenses such as food, utilities, and rent, you can begin to calculate how much you make or expect to make over a given time frame. This calculation gives you the other side of your budget. Now you know how much net profits you make for an average week, month, or year. You can then use this information to calculate how much you should be able to save over a time frame.
Gary Kapanowski is a professional accountant working for Moeller Manufacturing in Wixom, Michigan. As a professional, he creates budgets and investment strategies for his company. He says that anyone can and should be budgeting whenever possible.