When it comes to actors who have fallen from grace, I think that Burt Reynolds deserves a special mention. He was once one of the most demanded actors for projects after "Smokey and the Bandit" and it seemed like he was on top of the world at one point. However, he made some bad investments since those days and his erratic personality seemed to be truly solidified when he slapped a reporter on television. Reynolds is not getting much younger and I feel like he needs to take hold of his personal savings.
Organizations along the lines of Savings2Income can assist just about anyone when it comes to learning about retirement income. I believe now would be a good time for Reynolds to really focus on his future after he truly settles down from acting. No profession in the world says that they would allow a person to work forever and even Reynolds may not want to constantly act throughout his entire life. In terms of his personal savings, he would need to have his eyes on the ball and take some accounts into mind as well.
In order to get an accurate personal savings rate, there are a few things to consider. First, you have to make certain that you add up all net savings and losses; this includes both retirement and non-retirement savings. You then calculate your total income by adding your total take home income and employer retirement savings. Finally, you divide both of the numbers found in the previous two steps, which gives you your rate. It's a simple process that can be done as long as the right information is found.
I feel like if anyone needs to take their financial issues by the throat, it'd be Reynolds. Last year, Reynolds learned that his house in Florida was going to be foreclosed since he owed a staggering $1.2 million for it. In addition, he owned "Burt's Place," a nightclub during the 70's, but that ended pretty after a year's time. This man has been through one too many bad choices in his time and if he doesn't get a grasp on his problems now, who knows if he ever will?
The degree of personal issues that Reynolds had to go through seems to be equally proportionate to the amount of romantic partnerships he's had in the past. Maybe both of them blended together well during some instances. Reynolds seems to be too immature for his own good and he doesn't have a good grasp on his life after acting, either. I can only imagine that retirement planning was the last thing on his mind since he is such an unstable character in Hollywood. Maybe figuring out where he stands on personal savings would be a good starting point.
Organizations along the lines of Savings2Income can assist just about anyone when it comes to learning about retirement income. I believe now would be a good time for Reynolds to really focus on his future after he truly settles down from acting. No profession in the world says that they would allow a person to work forever and even Reynolds may not want to constantly act throughout his entire life. In terms of his personal savings, he would need to have his eyes on the ball and take some accounts into mind as well.
In order to get an accurate personal savings rate, there are a few things to consider. First, you have to make certain that you add up all net savings and losses; this includes both retirement and non-retirement savings. You then calculate your total income by adding your total take home income and employer retirement savings. Finally, you divide both of the numbers found in the previous two steps, which gives you your rate. It's a simple process that can be done as long as the right information is found.
I feel like if anyone needs to take their financial issues by the throat, it'd be Reynolds. Last year, Reynolds learned that his house in Florida was going to be foreclosed since he owed a staggering $1.2 million for it. In addition, he owned "Burt's Place," a nightclub during the 70's, but that ended pretty after a year's time. This man has been through one too many bad choices in his time and if he doesn't get a grasp on his problems now, who knows if he ever will?
The degree of personal issues that Reynolds had to go through seems to be equally proportionate to the amount of romantic partnerships he's had in the past. Maybe both of them blended together well during some instances. Reynolds seems to be too immature for his own good and he doesn't have a good grasp on his life after acting, either. I can only imagine that retirement planning was the last thing on his mind since he is such an unstable character in Hollywood. Maybe figuring out where he stands on personal savings would be a good starting point.
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