Will your money last as long as you do?
Why a Retirement Income Analysis Matters for your future.
When your parents retired, they probably counted on substantial outside income to fund their retirement, including Social Security benefits and a corporate pension plan that also may have provided health benefits to retirees. While Social Security remains a crucial part of a retirement plan, pensions are dwindling and becoming a part of the American landscape of the past.
Instead, the responsibility for funding retirement is moving to the individual. Although there is a wide range of excellent ways to save — including 401(k)s, IRAs, annuities and more — many individuals find themselves questioning if they will ever be able to retire.
One of the keys to a confident retirement today is twofold: KNOWLEDGE AND ACTION. Knowledge begins with a clear understanding of your financial picture, knowing where you’re starting from and identifying your unique retirement goals. It’s also important to grasp the challenges you might face during retirement. Action is taking steps to put you on the path toward your goals and overcoming the challenges that threaten to derail them.
Let’s face it: The days of relying on Social Security and pensions to fund retirement are disappearing. As financial professionals, it’s our job to provide a strategy that helps ensure your hard-earned money doesn’t follow suit. Download our guide for a basic understanding of the financial challenges you may face down the road. Then, act on that knowledge by meeting with us for a retirement income analysis.
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