Getting to Retirement

The goal of just about everyone working for a living is one day to say goodbye to the daily routine of going to work. In the US the average age of retirement is 62. Unfortunately, many people will not have enough to retire at that age and live the life they want. If you are within 5 to 10 years of retirement and want to know if you’ll have enough, here’s a suggestion: get help.

Here’s why:

The age of the guaranteed pension are ending. For many it’s already gone. Much of the income you will spend in retirement will come from your own savings and investments. Mistakes can add years to the date you finally retire. Even worse, investing mistakes can force you back to work.

One of the most common questions is: how much should you be saving now to reach your goal? A second linked to it is: where should this saving come from? A third is: how should it be invested?

What’s more important: saving for retirement or saving for your children’s education? The cost of college is making that a dilemma these days. Every parent wants their children to get a head start in life, but what will that mean for your retirement?

What about Social Security? Will it be there for you, and when should you begin taking it? Take it early, just in time, or delay till later?

What kind of insurance will you need once you leave the workforce? If you are currently covered by a company policy what will happen once you retire?

We recently published a White Paper “Eight Tips for a Better Retirement.” For a free copy  (or to discuss your own situation), send a request to the link below.

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