Retirement income is a common topic in the financial services industry, with 10,000 baby boomers retiring every day for the next 15 to 20 years. One of the biggest questions pre-retirees face today is whether or not they’ll have enough income to support their desired lifestyle when it comes time to retire.
[CLICK HERE to read the article, “Baby Boomer Retirement Confidence Falters,” at The Des Moines Register, April 7, 2014.]
[CLICK HERE to read the article, “Do You Have Enough Money to Retire?” at Marketwatch.com, April 23, 2014.]
With such keen interest in the financial status of pre-retirees, there are often an overwhelming number of strategies available to help you prepare for your financial future, with more constantly emerging. One of the simplest recommendations is to start saving, plan early and be consistent.
[CLICK HERE to read the article, “Key to Retirement Riches? Start Early,” at CBSnews.com, April 23 2014.]
[CLICK HERE to read the article, “How to Build Wealth the Old-Fashioned Way,” at Kiplinger, May 2014.]
Unfortunately, sometimes “life” — as we all know it — creeps in at the most inopportune times. Some people may experience layoffs or emergencies, such as medical, natural disasters and self-made disasters. Others may be challenged by poor investment decisions. Maybe you have children who excel and you want to give them every advantage, or you have children who struggle and you want to support them by any means necessary. “Life” is its own financial variable.
However, if something does interfere with your consistent, progressive saving, there are other strategies available — ones that may be able to help you. Any one of them should be evaluated carefully to determine if it is suitable for your particular situation. You should also seek the advice of qualified professionals in the areas of tax, legal and investments to assist you with your personal situation.
[CLICK HERE to read the article, “Retirement Strategies for Boomers of All Ages,” at FOXBusiness.com, April 3, 2014.]
[CLICK HERE to read the article, “5 Strategies to Build Your Retirement Income,” at Marketwatch.com, April 5, 2014.]
[CLICK HERE to read the article, “What Investors Can Learn from Big Dawgs at the Casinos,” at CNNMoney.com, April 25, 2014.]
It used to be that financial professionals were key to helping people come up with ways to effectively prepare for retirement. Then, thanks to the Internet providing access to previously less accessible information, many people became do-it-yourselfers. Yet, after a couple of major market corrections, an economic recession and the abundance of information now available, the role of financial professionals may have become even more important than before, to narrow choices and help retirees and pre-retirees customize strategies appropriate for their individual circumstances.
In fact, that’s just what we do. Please feel free to call us if we can assist you with your retirement income strategy.
Our firm assists retirees and pre-retirees in the creation of retirement strategies that include the use of insurance products.
The information and opinions contained herein are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. It is given for informational purposes only and is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. All clients are encouraged to consult qualified tax, legal and investment professionals before making any decisions about their personal situation.
If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference.
Source: Woods Blog Old