New Retirement Age

Will There Soon Be a New Retirement Age?

Retire On Track LLC.

For a long while, the expected retirement age has been around 65. However, with changes to the economy over time, it has begun to look as though there may soon be a new retirement age. Unfortunately, rather than this new retirement age being in favor of those who are working, it looks quite a bit like the new retirement age will be one that requires you to work far longer.

Of course, a new retirement age is something that may or may not really effect you. With careful financial planning, you will be able to take control of your situation, and you will be able to take a closer look at the retirement age that is right for you.

Careful retirement planning - whether or not there is a new retirement age - is about a few key points:

  1. Retirement planning involves choosing the right accounts or saving for your future;

  2. Retirement planning involves understanding the stock market and investment accounts;

  3. Retirement planning requires that you know not only how the stocks, bonds, mutual funds and savings accounts that you have invested in have performed over time, it also means looking at how your investments are projected to perform in the future;

  4. Retirement planning takes a willingness to experiment - to explore your options; and,

  5. Retirement planning involves knowing which advice you should be following if you want to be in charge of when you retire - whether or not there is a new retirement age.

 

Fortunately, there are a few things that you can do in order to simplify the process of retirement planning. One of those things is as simple as downloading the free retirement calculator available at the bottom of this page.

With the free retirement calculator, you will be able to look at your savings accounts, individual retirement accounts, annuity accounts and certificates of deposit to determine whether or not, once interest and inflation are taken into consideration, they will provide you with the income that you hope they will.

Likewise, with the free retirement calculator, you will be able to take a closer look at your investment accounts as well as shares of stocks and bonds so that you will be able to see how they have performed and how they are projected to perform. Additionally, you will be able to look at those changes that you've thought about making to see whether or not they would be more effective for helping you to reach your goals.

More importantly, when you download the free retirement calculator your contact information will be sent to a financial advisor who can answer your questions and give you the guidance to reach your financial goals.

Whether or not there is a new retirement age is less relevant than whether or not you are able to save or and invest in your future so that you will be able to live out the retirement that you have always dreamed of having.