Retirement


Importance Of Retirement Savings:

 

There are few things in life more important than having a prepared retirement plan.  In this day and age of cool gadgets and big screen televisions, too many people think of obtaining things in the short term, rather than readying themselves for the future.  They always come up with reasons to delay the preparation and before they know it, it’s too late.

The biggest risk, when it comes to planning for your retirement, is outliving your money.  If that happens, you may find yourself working until the day you die or living in poverty.  With the Social Security system in such disarray, it is important not to count on this money.  Social Security is even telling you not to count on it. It is estimated that by the time the average person retires, Social Security payments will only cover about forty percent of the money you’ll need to live on.  That’s a dire situation, but a real one.

To avoid this, it is important to write out your life goals.  If you have a partner, comprise a plan together.  Calculate maintaining the kind of lifestyle you want to live, large purchases such as a vehicle, etc. From there, you can decide how and where you want to live for your retirement, be it playing golf in Florida or retiring to a modest house in Arizona.  Then calculate how much you should save each month, as well as how much you need to see your funds grow.

Above all, there is no reason why you must be one of the unprepared.  The sooner you begin planning, the sooner you’ll find peace of mind. Schedule your no-obligation appointment with us and we’ll help you plan so that your retirement can be a comfortable one.