It’s never too early or too late to plan for retirement. Speak with a financial planner to receive personalized retirement advice to meet your financial goals.
Every family has unique financial goals. Regardless of whether you are in your 50’s or in your 70’s, it’s important to speak with an experienced retirement advisor to learn the best ways to invest, save, and spend to help ensure that you have enough money to comfortably enjoy retirement. From 401(k) accounts to Roth IRA’s, there are a variety of retirement options that may work for your unique situation.
Everyone has different ideas about how they want to retire and how much money they will need to live comfortably. However, there are some things that most people have in common when planning for retirement. First of all, everyone wants to have enough money to retire on their own timeline. Second, everyone wants to make sure that their money lasts through their retirement years.
In today’s market, investors have new challenges to overcome and new risks that should be avoided. However, financial portfolios need to be more varied than in years past. Fortunately, there are many new opportunities and investment alternatives to be found in today’s changing market. Speaking with an experienced retirement planner can help you diversify your portfolio to increase your chance of success.
Interesting research has uncovered surprising data related to retirement spending patterns. Family spending after retirement actually falls by approximately 10%, says Erick Hurst, who is a professor at the University Of Chicago Booth School Of Business. In addition to the reduction of work-related expenses, this research also shows that more retirees are substituting time for money. With this free time, a retiree is free to shop more for bargains and spend more time cooking at home.
No matter your age, it’s never too late to start saving for retirement. Speak with an experienced financial planner for a review of your current financial priorities and help creating a retirement plan to enhance your family’s financial future.