Why is planning for
retirement important?
Planning for retirement may seem trivial and a long way off,
however, it
actually plays an important role in your life. For example,
retirement planning involves evaluation of current income and debt, future
income, effective tax brackets, health risks and savings, just to name a
few. When a person retires, he or she no longer
works. Unfortunately, living expenses, debt and taxes do not come to a
halt and are constantly being affected with the changing of our economy.
During the retirement years, many seniors
spend their days enjoying
family, hobbies and traveling. On the other hand, many seniors are
also forced back into the work force in attempt to earn additional income.
They are also confronted with poor or failing health, which, leads to
costly and consistent doctor
visits and prescription drugs. These situations are a common part of
a retirees life, therefore, adequate funds must be
available. An effective retirement plan, designed for those future Golden years.
When should I start planning?
Realistically, planning should start immediately. Taking time to
speak with an advisor to provide you with personalized solutions and
strategies based on factors such as your retirement goals, age, income,
expenses, etc.
The sooner you start planning, the better. It is always wise to
have time on your side rather than working against you. Time and
money are synonymous and money can only have growth with time.
I am retiring soon. What are the best options to choose?
When nearing retirement it will be time to evaluate your
retirement plans and options. Lack of proper evaluation can cause
substantial loss of monies, over-payment of IRS, state and/or estate taxes
among other situations. Speaking with an advisor prior to retiring is
the best route to take.
You may contact a retirement planning specialist at 1-888-565-7171 or
attend an informational seminar covering the "Do's and Don'ts",
5 Most
Common Mistakes Retirees Make and the Proper Steps to Take Prior to
Retirement. These seminars are informational only and free of
charge, however, registration is required. You may pre-register by
calling 1-888-565-7171.