Retirement Planning

Do you have a plan for your retirement?

  

Few financial goals elicit as strong a response as planning for your own retirement. Television and magazines constantly bombard you with images of happy retirees enjoying an active lifestyle, traveling on a whim and living without a care in the world. You may look forward to retirement as a time to savor the finer things in life, and as a reward for many years of hard work.

But advertising paints a rosy picture that is seldom in line with reality. Many baby boomers may have to take care of parents or children even in retirement, and others will have to think about long-term care options. What's more, many people have dreams for retirement that don't necessarily include a life of luxury. Some have more modest goals, such as seeing a child or grandchild through college, or simply living in comfort.

Retirement dreams can inspire you, but you need to set goals if your retirement is to live up to your aspirations. Here are some questions that can help you get started thinking about your retirement:

1. What percentage of your current income level will you require in your retirement years?
2. Who will be financially dependent on you in your retirement years? Your parents? Your children?
3. At what age do you plan to retire?
4. How much do you currently contribute to your retirement plans?
5. How effective is the asset allocation model you are using for your retirement assets?
6. Where will retirement income come from if you or your spouse is alone (divorced, widowed)?
7. What legacy do you want to pass on to your loved ones?

We can help you start addressing the challenges planning for your retirement holds. We can analyze your current retirement plan and help make sure you are working steadily towards your goals. Call us to schedule a retirement planning consultation today.

Call 858.752.1726

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