SAVING FOR RETIREMENT
What Type of Retirement is in Your Future?
Are you saving enough? With an average of 20 years in retirement, and fewer than half of Americans who have actually calculated how much they need to save for retirement, the answer for most people is “no”.
Consider these facts:
You DON’T have plenty of time
Social Security will NOT be enough
You CAN’T work for as long as you want
You NEVER want to rely on a windfall inheritance from another family member
The good news is:
You CAN afford to save
You DON’T need $1 million to retire
You CAN prepare and save on your terms, for your lifestyle
If you started saving for retirement early, kept putting away 15% of your income, never dipped into it for a vacation or something else...chances are you’re on your way to a comfortable retirement.
But what if you didn’t start saving early?
What if you’ve had to dip into retirement savings?
Unfortunately, life has a way of turning up unexpected situations. That’s why contributing to an IRA or 401K shouldn’t be the only strategy in your retirement plan - even if you started early. Things like a Roth IRA, or even a traditional savings account can be important if unexpected situations come up - for reasons like tax penalties, and the inability to put funds back into retirement accounts. Not to mention other retirement savings vehicles that allow you to receive TAX FREE INCOME at retirement.
Working with a TRG, we will look to uncover the type of retirement you want, what you will need, then create the most comprehensive and effective retirement strategy available.